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Posted by Joe on 7/15/2005, 10:14 am
67.39.199.218
Many of you may not recall the events of 9-11 as it relates to the stock market/ futures/bond markets, etc. I was up watching CNBC, my ticker slowly showing premarket activity. As I watched CNBC a plane flew into the WTC. Futures began ticking downward (traders were trying to profit from the events). Then another plane hit, people were jumping off the rooftops. I think that eventually someone had the common decency to shut down the futures trading system. Until they shut it down the traders kept trading, trying to profit from the disaster.The WTC building housed various trading firms also. Had they not been engulfed in flames and the target had been up the street, they would have been trading too.
After the market was reopened a few days later, small fortunes could be made in the usual things that got hit hardest but were bound to recover as they usually do.That's if one traded.
I decided I'd had enough of such a system on 9-11, a system that tries to profit from people junping off buildings and thousands of dead.
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