Tuesday, August 03, 2004

Oh, man, this is priceless. The bogosity of the recent terror alerts.

From this New York Times article, the salient excerpt:

Much of the information that led the authorities to raise the terror alert at several large financial institutions in the New York City and Washington areas was three or four years old, intelligence and law enforcement officials said on Monday. They reported that they had not yet found concrete evidence that a terrorist plot or preparatory surveillance operations were still under way.

Three. Or. Four. Years. Old.

But at least everyone reacted with the appropriate alarm and caution:

Despite the new terror warnings, the stock market gained ground, denting expectations that it would drop with the heightened security alert. The Dow Jones industrial average was up 39 points.

Apparently, someone at the markets has this all figured out. Good for them.

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