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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.”

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Written by M. James

September 20, 2013 at 3:53 pm

Posted in News, Politics, Turkey

Tagged with , ,

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