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Finance: New Orleans Katrina Memorabilia Investment Stock Hits New Low

With evacuations under way in New Orleans from Hurricane Gustav, “the big easy” memorabilia started a slide on Friday towards penny-stock territory. “Gustavs the new big thing,” James Talgreavey, of Independent Missouri Investment Trust Negotiators, an independent trust negotiation firm based in Missouri, stated as the bell rang to a close. “Institutional investors who are still heavily biased in their portfolio towards the Katrina Disaster are going to find their holdings eclipsed, no matter what Gustav ends up doing,” he stated. But Warren Mappol, a disaster-related hedge fund lobbyist analyst based in Washington, D.C., took issue with the downgrading. “Look, Katrina memorabilia will never go away. This is an era of long-tail mechanisms. The long range hedge viability of Katrina items may become a niche market, but it still looks to beat basic utilities and infrastructure stock even in the short term.” When asked why Gustav was having such a negative effect on Katrina memorabilia, he stated: “Look, now we’ve got a former Beauty Pagent contestent running for Vice President. I mean, whose to say what is eclipsing Katrina memorabilia? Collectable back issues of Playboy Magazine are far more popular amongst the regulatory commissioners than ashtrays about a disaster and poor people, and theyre the ones who hold the reins as far as long term disaster valuations go.”