Investors Take a Holiday

[Khephra]

NEW YORK (Reuters) - Investors may pack up and leave town this week as the Republican National Convention begins in New York and many on Wall Street take vacation -- draining U.S. markets of volume and leaving stocks with little direction.

snip.....

Worries that New York will become a chaotic mix of convention delegates, peace protesters and police is prompting many who work in financial markets to take cover elsewhere. The city is also seen as a potential target for al Qaeda, who has vowed to disrupt the November U.S. presidential election.

``People are still worried that some sort of terrorist activity will occur during the Republican convention,'' said Edgar Peters, chief investment officer at Boston-based PanAgora Asset Management Inc.

``Because of that, everyone is just sort of sitting by the sidelines.''


http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20040829&ID=3942046

[Radius]

1. DR

Lots of the banks and traders are using this to test their Disaster Recovery Plans.

We thought about it, the company I work for has offices in mid-town, but it was to much trouble for everyone.