Birinyi Associates points to a Bloomberg
story at 1:43pm implying Human to Human Bird Flu transmission in indonesia as
the source of the selloff.
The chart looks like that’s where the softness began; Kudos to Cumberland
Advisor’s David Kotok for flailing this issue recently when everyone had already
moved passed it . . .
UPDATE March 24, 2006 9:14am
David Kotok of Cumberland Advisors goes into more details: How Bird Flu May Have Contributed to the Stock Market Sell Off
Seven Indonesian Bird Flu Cases Linked to Patients
May 23 (Bloomberg)
Avian influenza – situation in Indonesia – update 14
WHO, 23 May 2006
How Bird Flu May Have Contributed to the Stock Market Sell Off
MARKET COMMENTARY, May 21, 2006