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[4 Mar 2011 | No Comment | 471 views]
Update on EGPT

Quick update on EGPT – The Egyptian market has been closed for the past month – Over this time market officials have set a half dozen or so reopen dates only to push them back each time – The latest is that we won’t reopen until the new prime minister is able to meet with market officials – The real concern is that the market is going to get hammered when it finally does reopen (and it will). This is opposite my original hypothesis that the market was trading at …