Market was poised to fall this morning. All 3 major indexes were in overbought conditions. Market was poised for a pullback. Look at the charts and stochastics.
@9999 for KSE it is(only for short term) but not for the US markets or the commodities @weeman thats exactly what i meant when i said u guys dont know about pakistan
Musharraf has calculated that his opponents won't last till election day, so let them run free, at the end of the day he will still be king!
Good point. What opponents? They're either dead, jailed, or exiled. I generally agree with Usman that this event likely doesn't have the cataclysmic effects some on this thread are predicting. I think it also speaks to how cynical and fatalistic people in South Asia have gotten regarding their politicians. White folks definitely wouldn't accept this!
You're probably right. I had - and I still have - the greatest admiration and respect for a person like her who willingly put her life in danger to carry on her ideas. Our cultures maybe quite different, but even as the markets are very cynical, I was thinking this was something more than a simple "correction". Silly me, should've known better. Maybe tomorrow they'll kill another candidate, but hey - there's plenty, so no biggie. Business as usual.
I don't disagree with what you say. If this assassination was a "real" geo political threat then the US market would have been down seriously not just 1% And the media never gets it right...however I'm SURE it was NOT one lone crazy guy.
Methinks, Bhutto was perceived as a US stooge and the breaded ones didn't like her. Methinks the "bearded one" has a hand in this.
I know, regardless I am covering my huge short position at 3:59 to lock in profits. I'll take 2.4k on the day. Kind of tilted and went over my head this morning on the short. I know if I don't cover and lock in gains, market will gap up over night....