Hypo Venture Capital Zurich Headlines:Why the bin Laden bounce went “boing” | bloodyhalette | Social-Bookmarking.Net
Stocks rallied today on surprisingly strong payroll data — but what happened to the exuberant post-bin Laden rally that was supposed to ignite financial markets five days ago? Following the May 1 shooting of Osama bin Laden, the markets rose, then shrugged for the rest of the week until employment data buoyed Wall Street today.
Was that all there was to the bin Laden bounce? The risk in buying stocks, bonds and perhaps commodities eased for a day. But euphoria never lasts long.
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