The media pundit's pundit. Written by NYC insider Jeff Jarvis, BuzzMachine covers news, media, journalism, and politics.
And the Second Coming would bring a real bull market
: One of the most ludicrous financial leads I’ve seen in ages:
The capture of former Iraqi leader Saddam Hussein gave an initial boost to stock markets worldwide on Monday, leading some analysts to believe that a bigger rally would occur if the United States reels in Osama bin Laden, the suspected mastermind of the Sept. 11 attacks.
And if Elvis reappears…
You’re not being forthcoming. This is the plutocratic Reagan trickle-down myth that is making the Shiteater Rollcall so goldarn happy about the capture of Hussein.
The loss of American soldiers, the hundreds of billions of dollars wasted, the corruption of Halliburton is ALL acceptable because ALL of the above is good for American business. The Dow was supposed to rise gloriously and it was going to mean a few extra bucks in every shiteater’s pocket. I’d just be satisfied with gas prices going down for my take of this military enterprise. :(
And every shiteater blogger has a stupid grin, knowing that he can use these events for his own self-aggrandizement.
Jeff, I think you’ve got an open blockquote tag on this post. You probably want to put a close blockquote tag immediately following the “…Sept. 11 attacks.” part of the post.
It’s not completely ludicrous, though perhaps looking at things through the lens of the Dow is not always the right way to go about it.
Terrorism isn’t good for business. If something happens that reduces the perceived chance of a terrorist attack, or reduces the possible danger or cost in Iraq, then the financial markets will go up. The financial markets are merely expressing the same hope as a lot of bloggers– that the capture of Saddam, particularly in the humiliating circumstances, might ease the situation in Iraq.
Sounds like Dan H needs PeptoBismol.
Meanwhile, the continued failure to rescue Judge Crater and Amelia Earhart choked off a rally in the bond market.