photograph courtesy of Jerry and Betty Latta

Last month a group calling itself The Revolutionary Struggle—which appeared on the scene in 2002—launched a rocket into the U.S. Embassy in Athens. This was not a great PR moment for Greece.

It has, however, had the paradoxical effect of boosting the share prices of listed Greek companies. W-w-what, you say?

The Friday following the rocket launch, Greek companies listed on the New York Stock Exchange (NYSE) saw their share prices rise. There appeared to be especially strong gains across the board in the Greek shipping sector, with companies like Danaos Corporation, Diana Shipping Inc., and Excel Maritime Carriers Ltd. seeing jumps in their share prices of between 19 and 35 cents per share.

Recent trends on the NYSE suggest that foreign investment is experiencing a steady climb, so take these jumps in context.

And whatever you do, don’t casually launch rockets at embassies—either to try to strengthen your portfolio or to achieve your political agenda. Thanks.

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