As the markets slid south 1-3% on Friday, I got a phone call from a journalist looking for a quote about Egypt: “What does this mean to the markets?”
My honest answer was “I have no idea.” While Egypt isn’t an oil nation, maybe there is a contagion effect of regional destabilization. I have no expertise in Middle Eastern politics; figuring out what the likely cascade of effects might be is far beyond my abilities.
So too the markets. They seem to have shrugged off the video images of protesting crowds clashing with police.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.