Over in Egypt thanks to a CNN article online, their stock exchange opened on the 23rd for the first time in months. Outside the stock market, the orderly palm-lined street was mostly empty, with the exception of soldiers and armored personnel carriers. Security has been increased since some protesters demanded on Tuesday that the exchange not reopen.
Mohamed Abdel Salam, who is the chairman of Ministry for Clearing and Settlement, will serve as chairman of the exchange for 6 months, a government statement said this week.
He said this century old building has housed the Egyptian stock market since 1903. Never in the history of Egypt or the world, however, has he seen a stock market closed for such a long period.
The markets have been closed since January 27. A political uprising that began two days earlier resulted in the eventual overthrow of then-President Hosni Mubarak.
On Saturday, Egyptian voters overwhelmingly approved proposed constitutional amendments that pave the way for parliamentary elections in June.
An estimated 45 million Egyptians were eligible to vote in what was widely viewed as the country's first free election in decades, and the poll sets the stage for parliamentary and presidential elections later this year.
The proposed amendments included limiting the president to two four-year terms, capping emergency laws to six months unless they are extended by public referendum, and placing elections under judicial oversight.
Mohamed Abdel Salam, who is the chairman of Ministry for Clearing and Settlement, will serve as chairman of the exchange for 6 months, a government statement said this week.
He said this century old building has housed the Egyptian stock market since 1903. Never in the history of Egypt or the world, however, has he seen a stock market closed for such a long period.
The markets have been closed since January 27. A political uprising that began two days earlier resulted in the eventual overthrow of then-President Hosni Mubarak.
On Saturday, Egyptian voters overwhelmingly approved proposed constitutional amendments that pave the way for parliamentary elections in June.
An estimated 45 million Egyptians were eligible to vote in what was widely viewed as the country's first free election in decades, and the poll sets the stage for parliamentary and presidential elections later this year.
The proposed amendments included limiting the president to two four-year terms, capping emergency laws to six months unless they are extended by public referendum, and placing elections under judicial oversight.
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Back in America the market closed up above all its ema's so ill probably start buying again by monday, after the market shows staying strength on Friday. I exited WTW yesterday and it happened to drop today. My LGND and EL
People on TV were going on about how its a teflon market, it just keeps going, its resilient, nothing is slowing it down, its been up for 5 out of the last 6 days, its the biggest move up since december!, keeps pushing up even with so much uncertainty around the globe, would you have guessed it would be this high with all thats going on in the country?, a market that just wont quit!, its the "nothing matter" rally, its the "steady as she goes" rally, the "what me worry" rally, DOW is 2% from its highs, is the rally real?
They create so much excitement over a typical bounce. This week has been a normal, decent little reversal move. Public had been selling choppily and now they are buying. The market has gone up overall after several days but with no gap ups.a couple of near flat days and one down day. Its been a very ordinary period of buying. There are the same good and bad things going on in the world as any other time, wars and disasters, same as usual. If you look into it, there will always be several explanations for any buying or selling. I only buy based on prices, not reasons, so i dont care about "why" its moving. I just think about "if" it is moving. Im glad its looking ready to start another uptrend again but its really not that exciting unless you are on the happy side of your bi-polar personality today.
I guess while most people are wondering is the rally is "real", and staying googly eyed i'll start buying since it is moving up. if price is going up then its real. price changing is all that matters.
People on TV were going on about how its a teflon market, it just keeps going, its resilient, nothing is slowing it down, its been up for 5 out of the last 6 days, its the biggest move up since december!, keeps pushing up even with so much uncertainty around the globe, would you have guessed it would be this high with all thats going on in the country?, a market that just wont quit!, its the "nothing matter" rally, its the "steady as she goes" rally, the "what me worry" rally, DOW is 2% from its highs, is the rally real?
They create so much excitement over a typical bounce. This week has been a normal, decent little reversal move. Public had been selling choppily and now they are buying. The market has gone up overall after several days but with no gap ups.a couple of near flat days and one down day. Its been a very ordinary period of buying. There are the same good and bad things going on in the world as any other time, wars and disasters, same as usual. If you look into it, there will always be several explanations for any buying or selling. I only buy based on prices, not reasons, so i dont care about "why" its moving. I just think about "if" it is moving. Im glad its looking ready to start another uptrend again but its really not that exciting unless you are on the happy side of your bi-polar personality today.
I guess while most people are wondering is the rally is "real", and staying googly eyed i'll start buying since it is moving up. if price is going up then its real. price changing is all that matters.
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