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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (120701)	9/11/2001 11:42:57 AM
From: Moominoid	Respond to of 436258

LONDON, Sept 11 (Reuters) - The London stock market tumbled on Tuesday as stunned investors dumped shares after planes crashed into the Pentagon and New York's World Trade Center in attacks feared to have killed hundreds or thousands of people. ------------------------------------------------------------------------ The market -- the biggest stock exchange trading when the planes dived into the New York and Washington landmarks -- fell as much as five percent after the kamikaze-style attacks, which cast a pall over world security and rattled investor confidence. ``We are in shock,'' said one senior UK equity dealer as the market lost a lightning-fast 63 billion pounds ($92 billion). ``The implications are huge. What happens now? Does the U.S. retaliate?'' London's FTSE 100 index of leading shares plunged more than 255 points or five percent as investors dumped transport, banking and insurance stocks and piled into oil shares as the Brent crude oil price spiked. A Palestinian group was reported in Abu Dhabi to have claimed responsibility for the attacks, sparking a surge in oil prices. There were fears the attacks could spell further havoc in the Middle East, home to the world's biggest oil fields. ``Buy oils and sell the hell out of everything else, particularly anything with a U.S. link: exposure to banks, insurance or transport,'' said another UK equity dealer. The benchmark FTSE 100 index, already on its knees near three-year lows, retreated towards its October 1998 depths of 4,599.2 at a time when investors were in the grip of an emerging markets crisis. The FTSE 100 had been up around 65 points before the attacks on the World Trade Center were beamed into dealing rooms. ``People are trying to take advantage of this catastrophe by taking positions on the U.S. and UK markets...,'' a trader said. The market's biggest gainers were oil giants BP (quote from Yahoo! UK & Ireland: BP.L) and Shell (quote from Yahoo! UK & Ireland: SHEL.L), which each rose by more than five percent. The rest of the FTSE 100 was swathed in red. British Airways (quote from Yahoo! UK & Ireland: BAY.L) sank 17 percent as fears that Americans would stop travelling and on concerns that higher oil prices would eat into its profits. ``If you remember what happened in 1991 with the Gulf war, the fuel price went up and Americans stopped travelling,'' an aviation analyst said. Intercontinental travel between the United States and Europe is the most profitable part of the business for BA. Banks led Tuesday's retreat, knocking 53 points off the main index. Banking giant HSBC (quote from Yahoo! UK & Ireland: HSBA.L) and insurer CGNU (quote from Yahoo! UK & Ireland: CGNU.L) were both down about eight percent. Europe's biggest pharmaceuticals company, GlaxoSmithKline (quote from Yahoo! UK & Ireland: GSK.L), also fell heavily, being one of the heavily traded companies offering investors an easy exit from the market.

To: Moominoid who wrote (120701)	9/11/2001 11:45:52 AM
From: peppe51	Respond to of 436258

He should maybe tell his countrymen to quiet down on the celebrating.........

To: Moominoid who wrote (120701)	9/11/2001 11:46:05 AM
From: Percival 917	Read Replies (1) \| Respond to of 436258

RE...Arafat condemns plane attacks Yeah, Right!-ng

To: Moominoid who wrote (120701)	9/11/2001 11:46:43 AM
From: Joseph Beltran	Read Replies (1) \| Respond to of 436258

"Arafat condemns plane attacks" F*CK ARAFAT. He should get special one cruise missile for himself and his family.