We all know what happened yesterday, another terrorist bomb threat across the Atlantic and over in the UK. This sent airline shares plummeting as investors got overly-scared to the point they were just selling for the sake of fear.
Fear is the key word here today. I guess with the growing threat of terrorists here in the US, the UK, and around the world, our society won't ever be the same as it was before, and neither will our markets for that matter.
200 flights with British Airways was cancelled and coupled with rebound in oil-prices today, airline stocks took another hit. British Airways, United Airlines, and American Airlines (just to name a few) dropped for the second day in a row, but quite frankly, my question is: is this an over-reaction? Something that normally happens after terrorist incidents like 9/11, Spain train bombing, and more recently UK subway bombing.
Though it does not seem right to mix stock opportunities with the ever-growing threat of terrorism, its still there. I believe the airline shares are cheaper to get into now, what do you all think?