So the Market Vectors Egypt ETF (EGPT) appears to be up an running. It is very heavy in financial stocks but the story on the ground it worth learning (something I've mentioned several times before).
I'll probably do a more thorough write up later but the country has a lot going for it including the fact that it doesn't get talked about much.
Here is a link to more info.
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4 comments:
Bernanke may not be able to spot an obvious Bubble, but he knows when to raise interest rates.
We are due for a short term pull back during this correction and we will now get one. This knee jerk reaction is just that. The expansion and bull market will continue.
The initial interest hike does not end a bull market and that is what we are in, a bull market.
SEG
Just received the reports from iShares, since I bought SDS. Quite a menu of products. Roger, have you considered using the sector approach to the short etfs? For instance, your common practice would be to lighten up when a sector becomes over 30% of the SP 500, indicating a bubble. Would moving that 2% allocation to a short sector etf enhance your smooth ride for the sector on the remaining holdings?
Sam
it seems to me that the narrower you go with inverse products the greater the risk of them "not working" so for me, no interest.
Just buy Orascom Construction because it is run by an unequivocal genius: Nassef Sawiris.
Why?
1. Built the largest cement portfolio in Africa, top 5 largest in the world. Then he sold this at the market top in 2007 to LaFarge for 15 billion. It left him with a large amount of cash when the market tanked. His acquisitions since will prove to be brilliant.
2. Sawiris is cornering the market on basic chemicals and ports much as he had in Egpytian cement production. Watch for plays in natural gas to support his growing fertilizer business.
Remember, most importantly, he is still sitting on roughly a billion cash and has made some clever acquisitions.
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