Finally around 10:30 the NYSE specialist opened EGPT for trade, one of the reasons I'm not crazy about the NYSE. In any case, it's down 7% thus far, which only goes to show that EGPT is not on a stable path of reform as far as the market is concerned. Heck, they can't even keep their stock market open without circuit breakers tripping.
Needless to say, this trade is moving in the right direction and I would keep it on.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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