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No. of Recommendations: 5
I thought this discussion of how fast the market reacts is amazing!
Prepare for Battle:
http://www.thestreet.com/_tscana/comment/barryritholtz/10222562_2.html
"....Want to know how fast these guys are? In his recent book, Running Money, Andy Kessler recalls a story about the run-up to the first Gulf War. Then-U.S. Secretary of State James Baker had flown to Geneva to meet with Tariq Aziz, his counterpart from Iraq, to see if a peaceable solution could be worked out: "Baker stepped out of the meeting and said, 'Regrettably...' Before he finished his sentence, oil prices spiked 30% and stock markets sold off," Kessler writes."
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