Costa Concordia taking on water off of Italy

On Jan 16, 12:59*pm, (Gadget World) wrote:
The hit may not be that big.

The cruise contract limits liability to $75,000 per person for injuries
and loss of life.

Naturally the suits will be for far greater figures plus personal
property.

Each cabin will be searched for property and it will be returned to the
occupants of that cabin.
Naturally, most clothing and personal property will be ruined or
pilfered

For all those who sold their stock or shorted it this morning Congrats.

It was down about 2.5 % at the start and stayed there more or less the
entire day ... that's about the same drop as Bank of America had
today ... and they had no ships sink ... of course they ARE a sinking
ship though ...


Interesting calculation about that Carnival stock drop ... The Market
Cap dropped almost exactly what the value of the ship was ...