RealNews

Wall St.'s Global Insecurities Resurface

New incidents of violence in the Middle East have blown the cloud of geopolitical turmoil back over Wall Street, unsettling investors who had been lulled for weeks by rosy economic news. Stock markets around the globe were sent reeling on Monday on fears of further bloodshed after a weekend that saw deadly attacks on two Istanbul synagogues and a purported statement from al Qaeda threatening more suicide bombings against the United States and its allies. “It certainly increases the market’s anxiety that this is still a very real threat worldwide,” said Peter Gottlieb, president of Gottlieb Investment Management Corp. “The terrorist attacks outside of Iraq just remind us Iraq is not the only place we’re going to be hearing news like this in the future. It can be anywhere and at any time.” Japanese stocks plunged nearly 4 percent, European shares closed at two-week lows and U.S. stocks sagged to levels unseen since late last month as investors dashed for the relative safety of bonds and gold. Full Story

OODA Analyst

OODA Analyst

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