Baghdad Stock Exchange Hopping

[renata]

Heard an amusing story on Marketplace yesterday

http://www.marketplace.org/shows/2003/03/12_mpp.html

Apparently, traders believe the war is coming and as they think US will win, the sanctions will be lifted and development will go strong, the Baghdad exchange is doing great. It is up nearly 50 percent in just 7 months. They interviewed the director of the exchange, who said this is an outpouring of patriotism, but all the traders they interviewed on the floor indicated they are looking ahead to after the war.

[Segnosaur]

Originally posted by renata
Heard an amusing story on Marketplace yesterday

Apparently, traders believe the war is coming and as they think US will win, the sanctions will be lifted and development will go strong, the Baghdad exchange is doing great.
I heard the same thing about the Iraqi and Kuwait real estate markets. People are assuming thing will be better after the war that they are buying properties.