april 08, 2017

A terror attack through the mirror of the stock market


The graph shows the broad Swedish stock market index OMXS PI on April 7th, the day of a hideous and cowardly terror attack in the centre of Stockholm that killed and wounded dozens of random innocent friday shoppers/commuters.

The police was informed about the attack at 14.53 and after that the Swedish stock market was open for roughly two hours (see Picture). All public transpot in Stockholm (including the metro and buses) was closed down during these two hours and at 16.30 there were at least three confirmed deaths due to the “alleged” terror attack. Meanwhile the stock market reacted in the way shown in the attached picture! Except for one little blip the market steadily climbed throughout the turmoil. And it seems the market started climbing at 14.50, exactly when the attack seems to have taken place!

From the graph it seems that the market went up some 0.8% during the two hours the market remained open. Of course, this could just be random noise, and maybe the market had gone up even more without the attack.... Who knows?! But, at least, it seems that Sweden is standing strong in more ways than one!