Terror attacks: a good opportunity for capitalists
We’ve already heard about London hotels ripping off those trapped by Thursday’s attacks, now The Australian reports that “thousands of retail investors joined sharp-witted institutions in making millions of pounds from the short-lived collapse in share prices that followed the terrorist strikes in London on Thursday.”
“BP and Vodafone were among Britain’s largest companies that took advantage of the volatile markets to improve their balance sheets. Financial spread-betting firm City Index said more than 8000 retail investors had dived into the market on Thursday, correctly backing their hunch that share prices would quickly bounce back.”
Other Splinters posts of interest:
- Set the controls for the heart of the VCR
- Title: Invisible Forms
- Not Fonzie
- Journeys in thought again
- Using democracy
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