28east

Politics, religion, and culture where East meets West

Back in black

leave a comment »

Undoing the damage done by Gezi.

Did the Fed Bailout Turkey?
Zero Hedge; Sept. 19th, 2013

Following the Fed’s decision to not Taper, Turkish stocks were the world’s best performing asset overnight. Jumping almost 8% today, the main Turkish stock index is now up over 26% in the last 3 weeks, back above its 200DMA and in bull-market territory as BAML notes “the Fed decision amounts to a bailout for Turkey.”

. . .

Advertisements

Written by M. James

September 20, 2013 at 3:53 pm

Posted in News, Politics, Turkey

Tagged with , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s