Investors bet on Katrina
Kathleen Pender writes in SFGate.com:
Investors reacted to Hurricane Katrina in typical post-disaster fashion: Buy first, ask questions later.
Last week, investors piled into sectors that could benefit from the tragedy, including oil refining and marketing, oil field services, manufactured housing, construction/engineering services and building products.
I say sectors, because it seemed that investors were buying industries, not companies.
posted by Fergie @ 9/04/2005 11:42:00 AM
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