My days and thoughts....

Blog covering some selected happenings in my life.

Tuesday, March 14, 2006

Egypt Stock Market Crash and rebirth


Egypt stock market crashed. This is not a real crash. This is a correction movement. After months of unjustified appreciation in prices, everything is going back to normal. This shoud have happened long ago. Thousands of dumb egyptians went in the stock market after the frenzy of the Telecom Egypt IPO. They took the decision to venture into the stockmarket with no previous study or anything. The egyptian stockmarket is a big myth.

This is the right time to buy shares in many companies. I also have faith in the economic policy of the government and I predict a growth in the next 2 years. This is the perfect to go to the stockmarket.


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