If NYC is 'incapacitated ... ???

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That's why we have to think of other opportunities and markets. Asian markets, European markets, energies, metals etc. My reasoning is that even if NYC is nuked, the world will still need oil. The war machine needs oil. People need to heat homes and drive. Same w/ metals. Nymex volume has been pretty good. The question is, how tradeable is it?

Anybody else have solutions?
 
Buffett was the first to say, "We can't insure ... Manhattan from a nuclear event." They don't call him the Oracle for nothing.

The Bush adminstration followed by repeating the warning, effectively telling everyone, "Next time, don't blame the govt that we don't warn you".

After the next attack, don't expect the generous 9-11 compensation. Expect a worsening economy and gloom everywhere.

As for New Yorkers, they will try to unload everything and get out of town. Many of the financial firms and markets based in NYC will have to be shut down indefinitely because no one will want to go there.

Just my 2 cents
 
Originally posted by TraderC
Buffett was the first to say, "We can't insure ... Manhattan from a nuclear event." They don't call him the Oracle for nothing.
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I agree with you, but don't forget that Buffett operations are primarily insurance -- he might have had some ulterior motive for making that statement (eg, increasing ins. rates, increasing premiums, influencing legislation, etc.).
 
Gotta type fast!

If NYSE gets taken out and moved to Chicago, wouldn't it become a Naz type system? I mean, they couldn't possibly have enough specialists waiting in the wings in the event of a catastrophe, right?
Anyone?
 
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