The Asian crisis caused investors around the world to pull back.
Stocks fell as oil prices caused investors to look past a report showing strong growth in the service sector.
And a strong dollar, in turn, has caused foreign investors to take another look at their portfolios.
Uncertainty over the island's status has already caused investors to hold back.
And failure of the project could cause potential investors to turn away from other, more promising, low-cost rocket proposals, he said.
The events of 2008 in the financial markets caused investors to address concerns within their portfolios.
Higher rates caused investors in the old economy to worry, but technology stocks have roared back after every plunge.
But, he said, the stock could rise on the news because "this takes away something that might have caused other investors to not look at it."
The final blow to the project was a stock market crash which caused investors to withdraw support.
Those generally positive views caused investors to push stock prices higher across the board yesterday.