Pakistani Investors Stone Karachi Exchange as Stocks Plunge

D

Dan44

http://www.bloomberg.com/apps/news?pid=20601087&sid=a111C0hsxBic&refer=home


"Pakistan investors stormed out of the Karachi Stock Exchange, smashed windows and cursed regulators after the benchmark index fell for a 15th day, the worst losing streak in at least 18 years.

``I have lost my life savings in the last 15 days and no one in the government or regulators came to help us,'' said Imran Inayat, 45, a protester and a former banker who retired early and said he lost 300,000 rupees ($4,175) on the market. .............."


One thing you can say about the Pakistani's - they are a fiery breed of people.
They will be burning effigies soon. It won't matter what or who, just burn something. Probably an American flag if all else fails.
 
Quote from Dan44:


They will be burning effigies soon. It won't matter what or who, just burn something. Probably an American flag if all else fails.
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................or an oil trader.................
 
A sign of the times, the past 6 years of inflation have created a huge bubble in asset prices around the world. Deflation is now taking hold in emerging countries as capital flight takes hold. Remember, inflation can't exist without extention of credit. All the banks are broke. The inflation we are seeing now, is just the realization of the last few years.
 
Quote from turkeyneck:

Does SEC fear the same will happen to NYSE, etc. eventually if they don't stop the blood letting?
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There will always be a buyer for American companies, at a reasonable price, of course.
 
Quote from mokwit:

It's never their fault. Always the fault of some great satan or other.
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Getting warmer. It's funny to think about a banker losing 300,000 rupees, and it only being $4300+. Humorous.

What do they have? Caves? Bomb vests? I guess stoning is all the rage over there.
 
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