O'Reilly logo

Trading Catalysts: How Events Move Markets and Create Trading Opportunities by Robert I. Webb

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 5. Weather and Natural Disasters

 

“A merchant’s happiness hangs upon chance, winds, and waves.”

 
 --Japanese proverb

A Tale of Two Natural Disasters

Shortly before 8:00 A.M. (local time) on Sunday, December 26, 2004, a magnitude 9.0 earthquake occurred off the west coast of the island of Sumatra in the Indian Ocean.[1] The powerful earthquake induced a tsunami that quickly spread across the Indian Ocean. The Boxing Day tsunami killed tens of thousands of people from Aceh, Indonesia to Phuket, Thailand; to Tamil Nadu, India to Sri Lanka; to the coasts of Somali and Kenya in Africa; and caused billions of dollars in property damages.

Financial markets were closed when the earthquake and subsequent tsunami occurred. This gave market participants ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required