A capitalist responds to the London bombs

"Unfortunately, this is the world we live in now. Five years ago, the market would have been down much more. Now, we see it as a buying opportunity," Suskind said. "There's no panic."Unlike the Sept. 11, 2001, attacks on the United States — which closed U.S. equities markets for four days — the London events didn't knock out trading systems.

"Major markets already have built in a terror premium," said Joseph Battipaglia, chief investment officer at Ryan, Beck & Co., of Yardley, Pennsylvania. "When an incident occurs, unless it's of catastrophic proportions, the markets take it in stride."
(From Fox News)
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Now, we see it as a buying opportunity!

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July 7, 2005 | Filed Under 'Terror', Capital, Politics, UK 

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