this is quite a bit of overstatement, i think.
Given the bizarre market action, it's hard to say. I do think, though, that we only needed one more major event for people to start extrapolating, using the two events to define a line that pointed toward many more in the future. Besides, we had a pretty good idea we could stop a repeat of the tactics used on 9/11, but we'd really be helpless against missiles. (It is my understanding that few jets would be taken down by the loss of one engine to a missile, but I doubt that knowing that would get many people back into the seats.
first, we don't know that the plane wasn't taken out by terrorists.
It it were, then there has been a coverup of a scale that is unlikely to have been successful.
second, i don't see why evidence of structural fragility in airbus designs, making them prone to having their tails ripped off, is - on the face of it - a whole lot better to public confidence than terrorists with anti-aircraft weapons.
Well, we know what the public's reaction to Airbus's design flaw was... nothing. Do you really think there would have been an equally non-existent reaction to terrorists? I can't see it. I think the airlines and hotel chains that depend on air travellers would have been doomed, and in short order.
anyway, this was the week of 12 nov, right? fierce rally in the futures was causing forcing delta hedging everywhere, if i recall correctly.
Yes, 11/12. OK, then... delta hedging. So what you're saying is, the Market just went on doing what it was going to do anyway. I think that makes my point.
Market Data 
Markets 
AI
