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Charging Bull in Lower Manhattan, NY.

Wall Street, terrorism and the financial markets

Charging Bull in Lower Manhattan, NY.

Charging Bull in Lower Manhattan, NY.

The worst terrorist attack in Europe since 2004 has rattled governments and investors. The French government has closed the nation’s borders and placed thousands of soldiers on the streets of the country’s major cities.

As an anxious world watches the response of France (and perhaps other nations) to the ISIS attacks, there is also concern about European and global financial markets. Wall Street, which is coming off its second-worst week of the year, hopes that fear will not drive a major selloff.

Even if it does, history suggests that any damage to global shares might be temporary.

While geopolitical shocks tend to scare bulls, the impact of terrorism on financial markets’ effect is usually short-term. On September 11, 2001, the attack on America occurred roughly at the beginning of the market day. U.S. financial markets immediately closed (as they were a potential target) and remained shuttered the rest of that trading week. When Wall Street reopened, stocks fell sharply – the S&P 500 lost 11.6% and the Nasdaq Composite 16.1% in the week of September 17-21, 2001. Even so, the market rebounded. By October 11, the S&P had returned to the level it was at prior to the tragedy, and it continued to rise for the next few months.

In the U.S., investors seemed only momentarily concerned by the March 11, 2004 Madrid train bombings. The S&P 500 fell 17.11 on that day, as part of a descent that had begun earlier in the month; just a few trading days later, it had gained back what it had lost.

Perhaps you recall the London Underground bombing of July 7, 2005. That terror attack occurred on a trading day, but U.K. investors were not rattled – the FTSE 100 closed higher on July 8 and gained 21% for the year.

Wall Street is remarkably resilient. Institutional investors ride through many of these disruptions with remarkable assurance. Investors (especially overseas investors) have acknowledged the threat of terrorism for decades, also realizing that it does not ordinarily impact whole economies or alter market climates for any sustained length of time.

You could argue that the events of fall 2008 panicked U.S. investors perhaps more than any geopolitical event in this century – the credit crisis, the collapse of Lehman Bros. and the troubles of Fannie, Freddie, Merrill Lynch and Bear Stearns snowballed to encourage the worst bear market in recent times.

Hurricane Katrina New Orleans

OVER NEW ORLEANS — Tech. Sgt. Keith Berry looks down into flooded streets searching for survivors. He is part of an Air Force Reserve team credited with saving more than 1,040 people in the aftermath of Hurricane Katrina. He is a pararescueman with the 304th Rescue Squadron from Portland, Ore. (U.S. Air Force photo by Master Sgt. Bill Huntington) http://www.hearttoheart.org/katrina-10-years-later/

When Hurricane Katrina hit in 2005, truly devastating New Orleans and impacting the whole Gulf Coast, it was the costliest natural disaster in the history of the nation. It did $108 billion in damage and took more than 1,200 lives. Yet on the day it slammed ashore, U.S. stocks rose 0.6% while global stocks were flat.

The terror attacks in France and Lebanon have stunned us. They may stun the financial markets as well, but perhaps not for long.

 

 

Juliana Marulanda, founder MarulaNY

Time management for life and work in busy New York City

Juliana Marulanda, founder MarulaNY

Juliana Marulanda, founder MarulaNY

In busy New York City, finding an extra hour in the day seems like a dream come true. Juliana Marulanda pledges to help entrepreneurs take their vision to the next level by finding more time in the day to balance life and business.

She is the founder and operations specialist of MarulaNY, a NY-based consulting firm for small to midsize businesses and startups around the globe. With 12 years in business operations, she started MarulaNY Consulting to help the business owner, start-up founder or entrepreneur succeed.

Juliana studied economics at the London School of Economics and Trinity College and worked as an operations manager for Levy Restaurants and several start-up companies and even spent a bit of time on Wall Street (at UBS). MarulaNY’s partners include experts in finance, marketing, design, and more, with backgrounds at big-name companies like Google, Morgan Stanley and Disney.

 

Feeling overwhelmed – Get productive!

What would you do with an extra hour a day? Would you increase sales, travel, start new projects, learn a new language, spend more time with your family?

There are distractions holding you back from accomplishing your goals – we call them time suckers. Entrepreneurs are success driven and strive to make every day better than the last, but it’s difficult when sometimes they feel overwhelmed and unproductive.

Do some of these time suckers sound familiar?

– Executives waste six weeks each year searching for lost documents, and 30 percent of all employees’ time is spent trying to find lost papers or files.

– The average office worker spends 52 minutes each workday in “pointless” meetings to which ultimately they do not contribute anything.

– People typically waste 20 percent of their workday socializing with coworkers and taking breaks.

Most of us measure how productive we are by the quality of our life and every day success. Learn to increase your effectiveness by managing these four elements:

  • Teams: Learn how people impact your effectiveness.
  • Energy: Uncover your sources of innovation that trigger success.
  • Time: Explore how you spend your days, and how you wish you did.
  • Workspace: Optimize your workspace for best results.

Join us October 22nd, 2014, from 5:30pm to 7:30pm and find 7 hours of productivity – that’s almost a whole work day!

 

When: October 22nd, 2014, from 5:30pm to 7:30pm

Where: NYC Business Solutions – 361 West 125th St., 2nd Floor, New York, NY, 10027 (Located on 125th St. between Morningside Ave and St. Nicholas Ave).

How much: Event is FREE to the public but please register at Eventbrite

Contact: Juliana Marulanda – 917.476.2921, NYC Business Solutions Center at 212.749.0900 ext. 125.

 

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