market reaction to space shuttle incident

[plumlazy]

Quote from Lobster:

Has anyone here ever witnessed a "patriotic rally". What kind of BS is that supposed to be: "The US just took a hit and it probably won't be good for the economy, so stocks are likely to drop a little, but I want to show my support by pouring some money into the markets!"

Really, why would market players buy, soley out of patriotism.

I remember after Sept. 11, some talk about "be patriotic and don't sell" Well that's all well and fine on idealistic terms, but it's not very wise on realistic terms. This is a business so why would I risk my capital or a fund manager risk his clients capital based on being patriotic.

Is it more patriotic for me not to sell and take a hit, or go ahead and sell and still be a taxpayer. (anyway, that was my thoughts after Sept. 11 - I still had to look at my business as a business, all the while feeling pain and anguish for the victims and their families)

I can be a lot more patriotic as a taxpayer than I can be standing in the soup line.

 

[Lobster]

Quote from OPTIONAL777:



"Everything revolves around the markets."

How many "evolutionary" steps above an animal who lives hand to mouth, fearing for its survival on a constant basis does that kind of mentality place us?

Just in case anyone has any doubt that humans are just as primitive as other animals, I recommend watching The Jerry Springer Show or CSPAN.

 

[marketsurfer]

Quote from Lobster:

Has anyone here ever witnessed a "patriotic rally". What kind of BS is that supposed to be: "The US just took a hit and it probably won't be good for the economy, so stocks are likely to drop a little, but I want to show my support by pouring some money into the markets!"

lobsterman,

yes, i have witnessed a monster patriotic rally and unfortunately was on the wrong side of lock limit up. it occured in jan. of 1991, the day of the US/ IRAQI invasion. patriotic rallys are real and powerful.

best,

surfer

 

[OPTIONAL777]

Quote from Lobster:



Just in case anyone has any doubt that humans are just as primitive as other animals, I recommend watching The Jerry Springer Show or CSPAN.

Is Jerry Springer where I turn to see you in a profanity laced death match struggle with a specialist and your broker over a bad fill?

 

[bronks]

Quote from OPTIONAL777:



Interesting.

Immediately, huh? No thought of the the feelings of the family members or the tragic nature of the accident first, no moment of silence, no reflection on the nature of life and how death could come at any moment for any of us, no sense of loss, no concern of possible terrorism behind the accident...........just how to profit from the event?

That was your first thought, very first reaction and impression, your immediate thoughts were about the consequence on the markets come Monday?....not thoughts that follow after absorbing the first thought. Just like when you wake up in the morning.......first thing that comes into the mind......shows us what we are most attached to and what is our most important value in life.

I can understand if one was in the middle of the trading day and heard the news and quickly evaluated responses in the markets, but on a Saturday?

That to me is like hearing about a family member that dies, and the first thought is about the inheritance and what you will buy with the money.

This is a ridiculous statement. Does it make anyone less of a person ('cause that is what your making it sound like) because they happen to think about an incident that directly relates to their livelihood, before they think about people who have absolutely no ties or affect to themselves? And unlike 9-11, no help or assistance can be rendered. And what's to keep anyone from grieving and thinking about market implications both at the same time?

I'm with surfer on this. I immediately thought about the markets, but I also thought about the astronauts at exactly the same time.

 

[OPTIONAL777]

Quote from bronks:



This is a ridiculous statement. Does it make anyone less of a person ('cause that is what your making it sound like) because they happen to think about an incident that directly relates to their livelihood, before they think about people who have absolutely no ties or affect to themselves? And unlike 9-11, no help or assistance can be rendered. And what's to keep anyone from grieving and thinking about market implications both at the same time?

I'm with surfer on this. I immediately thought about the markets, but I also thought about the astronauts at exactly the same time.

If you say so.....

However, my contention is that what happens is our minds and hearts is preemptive multitasking, not simulataneously multitasking. There is a very first thought, based on what is most important to us. An immediate thought, the first thought, is the product of the dominant consciousness of a person at times of "news."

Really, it is between the heart of a person and their feelings for the victims versus the potential spoils for themselves, and where their heart and mind first run.

My question to surf was more for him to answer to himself and his sense of priorities in life, not me.

People can always find out where their hearts and minds are at a time of a shock and stress.

I have even seen scientists and avid agnostics cry for help from God at times when their life is in danger, or they experience a deep personal loss.

The deepest thoughts we have, and the closest to our true heart is the guage and nature of our evolution.

 

[cheeks]

Quote from OPTIONAL777:



Interesting.

Immediately, huh? No thought of the the feelings of the family members or the tragic nature of the accident first, no moment of silence, no reflection on the nature of life and how death could come at any moment for any of us, no sense of loss, no concern of possible terrorism behind the accident...........just how to profit from the event?

I was very sad to hear the news. My first thought was that this is terrible event.

However, five seconds later I was taking mental inventory:

1. What are my positions?
2. Could this be a terrorist attack?
3. What worldmarkets are open?
4. etc, etc.

And I don't feel bad about it at all.

 

[OPTIONAL777]

Quote from cheeks:



I was very sad to hear the news. My first thought was that this is terrible event.

However, five seconds later I was taking mental inventory:

1. What are my positions?
2. Could this be a terrorist attack?
3. What worldmarkets are open?
4. etc, etc.

And I don't feel bad about it at all.

5 seconds can feel like an eternity. Imagine if 5 seconds was the amount of time the members of the crew had once they knew the end was inevitable.

Glad to hear you used your 5 seconds wisely.

 

[TGregg]

So, is there some way to completely eliminate posts from people who are on your ignore list? I've got some folks on mine, but I still see their comments listed. It'd be better if I was completely unaware of their continued plague of this board.

A lot better.

 

[Rearden Metal]

Just for shits & giggles:

Who's on your list?