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Drugs as a cause for volatility

Drugs as a cause for volatility

Сообщение pupkinus » Пн окт 10, 2011 10:26 pm

Товарищи журналисты из Financial Times комментируют отжиг итальянского регулятора который собрался тестить итальянских трейдунов на предмет потребления...

Baffled by recent stock market volatility?

Don’t be.

Silvio’s men have the answer.

Oct. 10 (Bloomberg) — Italian Prime Minister Silvio Berlusconi’s Undersecretary Carlo Giovanardi said the government will study if it’s feasible to conduct drug tests on stock- exchange traders, with the help of the Milan Bourse and the country’s market regulator.

Giovanardi, who is in charge of family policy and drug prevention, said that the abuse of drugs including cocaine might explain part of recent stock volatility. Giovanardi made the comments in an interview published on KlausCondicio’s website.

And he might be on to something.

Drugs are certainly the best explanation we’ve heard for Monday’s stock market advance.

Well, certainly better than two European leaders agreeing that an agreement needs to be reached on bailing out the region’s banks.

You’d have to be high as a kite to believe that.

Er hang on a minute…
There are two kinds of scientific progress: the methodical experimentation and categorization which gradually extend the boundaries of knowledge, and the revolutionary leap of genius which redefines and transcends those boundaries. Acknowledging our debt to the former, we yearn, nonetheless, for the latter.
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