I am watching CNN right now, and am reminded of the 9/11 terrorist attacks on the world trade towers, but on a smaller scale. I feel sad for the people of London. That being said, I saw a futures index showing the market is set for a serious drop this morning. I have $2000 that I was going to use to invest in my wife’s Roth IRA once we get it set up. But if the market drops, I may buy some stock today. The question is which stocks, and when? Will the market drop over a few days, or in one day, and rebound? I could invest soem today, and some tommorrow, and maybe some Monday. I get paid tommorrow, so will have a little more to invest then as well.
If this sounds a bit mercenary, I am reminded of the movie Wall Street where Gordon Gekko sells NASA short 15 minutes after the Challenger exploded. (I am assuming he sold short NASA suppliers) Then comes his famous line “Greed, for lack of a better word, is good.”
Was this tagreting G8? Maybe because London is getting the Olympics 2012? Maybe Bob Geldof’s Live 8? Maybe the western world in general. Who knows?