(2002-09-24) — Investors, worried because the Bush administration is forcefully dealing with threats of terror, drove the National Terror Index (NTI) down today to its pre-March 2002 level.
The trading on the NTI began almost immediately after the vague warning system was established. While most people think the government sets the alert level, it’s actually a free-market mechanism with traders vigorously buying and selling “terror futures.”
The biggest investors in the NTI market are News Corp, Microsoft, GE, AOL Time Warner, Knight-Ridder, Disney and several other major news media conglomerates.

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