Posted on 01/28/2011 11:55:14 AM PST by Slyscribe
Intensifying social unrest in Egypt battered markets worldwide Friday. iShares MSCI Turkey(TUR) led the global selloff and tanked nearly 7%. It broke below its 200-day moving average — a bearish development — to its lowest price in six months.
Market Vectors Africa Index(AFK) and iShares MSCI South Africa Index(EZA) both crashed nearly 5% to four-month lows.
Market Vectors Egypt Index(EGPT) fell 4.4% for a 14% loss for the week. It’s the largest one-week loss since it started trading 11 months ago.
(Excerpt) Read more at blogs.investors.com ...
Give me a 20 point correction in Emerging Markets! I need back in....
WIMPS! Get in there and BUY BUY BUY!!!;)
I wanna know what oil is doing per barrel?
Yep, keep an eye on the more stable BRICs that may be pulled down by this, just stay out of the “ring of fire”.
Where’s Soros? did he hire these protestors to show up and make his day?
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