Egypt is Baaaaaaack (And Oprah Gets The Flu)

Tyler Durden's picture

Looks like the Egyptian stock market ain't opening up on Sunday after all:

In other news, congratulations to all those who got suckered in by the last 10 minutes short squeeze.

And in absolutely hypocritical and hilarious news (cause they are so true), following today's re-escalation in Egyptian violence, Oprah, who was previously scheduled to have a show in Cairo's Tahrir Square, has promptly pulled out, citing "the flu."

Oprah Winfrey is not coming to Egypt’s Tahrir Square, despite an announcement from Egypt’s Ministry of Tourism saying the celebrity had accepted an invitation “without hesitation.”

According to a post on Oprah’s Twitter account Friday evening, the star has been in bed with the flu since the Oscars earlier this week. “Hearing reports that I’m taking show to Cairo. NOT TRUE. Have no plans to do so,” she tweeted.

The Ministry of Tourism invited Oprah and other celebrities to Tahrir Square as part of a campaign to bring tourists back to Egypt following the January 25 Revolution, which managed to oust Egypt’s 30-year dictator in just eighteen days.

The prospect of Oprah’s appearance in Tahrir Square has been met with mixed reactions by Egyptians. Some argue that any publicity is good publicity, and believe Oprah’s appearance will help draw tourists back to Egypt. Others are disdainful of the idea, asking, “Where was Oprah during the revolution?”

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Cognitive Dissonance's picture

Ya just can't keep a good story out of the news for long.

And ya, that was a vicious ramp there at the end. Always a little frightening to see the herd stampede like that.

Ray1968's picture

I think some are betting on a QE3 announcement soon. Hence, BTFD.

Randall Cabot's picture

That ramp at the end ruined my day, maybe my weekend-seems like rising oil prices are good for the economy now since oil surged up along with the stock markets in the last half hour.

And what kind of a moron is Drudge? He had the WTI chart from Feb 28 on his "Oil Surges" headline all day today with the price at $98!

THE DORK OF CORK's picture

Its a Max Keiser thing , I expect Lebanon to go up in flames any time now.

SteveNYC's picture


Sorry, just puked at the sound of her name.

Id fight Gandhi's picture

When does the hermes open?

Yen Cross's picture

Maybe the Enterprise should run an end around, and protect the south end of the Suez Canal? Oh wait that was the original idea. Good thing for nuclear powered ships.

THE DORK OF CORK's picture

If the US Navy has any intelligence or money left in the bank they may want to put on hold any plans to turn their remaining Kitty Hawk and Forrestal class aircraft carriers into artificial reefs.

Yen Cross's picture

Especially when Russia is buying deck landing ships from ( FRANCE) Yes FRANCE. Good work Mr Cork Master!

THE DORK OF CORK's picture

I am sure the French will accommodate the USS JFK in Toulon  - all they have to do is tow it out of the harbour and let it swan around the Med with US Marine aviation wings aboard.

Then again - you could just sell it to the French - I am sure they would be interested.................

it might even reduce the deficit.


knukles's picture

Sarko, ba-beeeee, would I lie to you?  Of course it can go as fast in reverse as forward.  No prob-o-lem. 

Antipodeus's picture

Australia no longer has any aircraft-carriers - we used to have 2 ex-Brit WW2-vintage carriers, but they're long gone.  Of course, Oz is in a sense one bloody big, unsinkable carrier but we could probably do with some extra reach.  We could probably afford to lease a couple of carrier battle groups from you guys - just to help out, you understand?  But none of those clapped-out rust-buckets like the last TWO ships you sold us! (Google USS Saginaw [LST-1188],USS Fairfax County [LST-1193])

You'd have to throw in the aircraft, of course, but we could probably do without the nuclear weapons.  And the crews, too - that goes without saying.  We might even offer them citizenship (or POLITICAL ASYLUM if S.P. ever becomes POTUS).  I'm sure we could come to a deal.  ;=))

mynhair's picture

What last minute short squeeze?  That was RT positioning for MF Monday!

(See the moron Lib junkers have woken up again.)

High Plains Drifter's picture

Well they want some of that liberty stuff they fought and died for. Is it any wonder this would be happening?  Those that were attempting to channel this thing they want they wanted it, may have lost control of it now.  I remember a old man, I saw one evening on Al Jazeera and he was in the square and some of the younger "leaders" came there and started barking orders and he told them to go fuck off. Ha, ha, I like that. If they want to coach, tell them to go somewhere else and fuck off.

faustian bargain's picture

They didn't fight for liberty. They fought for 'democracy'. At least, that's what the media says.

WineSorbet's picture

It was nice of the protestors to wait until Friday after the close in NY. 

mynhair's picture

Nicer to watch the dip buyers get torched Monday.

Dr. Porkchop's picture

Was seeing this earlier. They are happy about the new PM, but are demanding the dismantling of the old corrupt security apparatus.

PY-129-20's picture

Look to Croatia - 100.000 people on the streets right now.

And even after half a year of protests now, the people in Stuttgart are still angry.



Cognitive Dissonance's picture

Oprah has the King Tut virus. News at Eleven.

velobabe's picture

Oprah probably doesn't want to be ass raped like the woman from 60 minutes. she may have been humbled coggy, just thinking about her prior abuse as a child growing up in the south. nothing too low to go, to. yep, she is a cracker, she actually started the obama get him, elected. i remember it well, opy started it for øb1. curious isn't it? i have no idea what your post means! King Tut?

tmosley's picture

With the military taking over, I suspected this was only going to get worse.  I will reserve judgement until we have more data.

Note the Egypt has a USD peg.

Sudden Debt's picture

Let's hope that this time they didn't forget to bring the semtex and fuses...


downwiththebanks's picture

Soon the REVOLUTION will be occupying these places -  why blow them up?

hambone's picture

In more important, hard hitting news from Market Watch...

Kitchen Designs That Make Home Cooking Fun!A5953E3F-E417-42DE-BC1D-907763B76CCD

 Given the choice of what to cover, Egypy? or Kitch design?  --- yeah, run Kitchen Design!!!  Nice call Editor.

mynhair's picture

F MW, and the horse that dragged it in.

Happy FDIC Friday!

What_Me_Worry's picture

At least they aren't making every NFL negotiation blurb a breaking news story, like CNBC(I have their app).  I really wish CNBC didn't have the best iphone app for tracking stocks real-time.

In the end, they know what the masses want to see.

impending doom's picture

Yeah, I love how they update within nanoseconds if the DJIA goes up.0002, but somehow hundred point drops go unexplained for hours...

ebworthen's picture




Please, I want to see about all that crap that people "need" to buy to redo their kitchen so they can Jones their friends and family.

I really "need" that granite countertop and the woodcut "HOME" and other trinkets made by child slave labor in China.

Hungry kids and freedom in the Middle East? Pish! 

"Dahling, the Escalade needs to be filled up, here's the maxed out Capitol One card - and get Froofy's diamond collar while you're out so I can bear to walk past the neighbors this evening."

hambone's picture


nice...I could really see that Bitch in my mind...I think I know her!

Atomizer's picture

Rumors of document shredding.

Adly in court tomorrow

Building on fire.


TruthInSunshine's picture
Treasury Prices Climb on Oil Price Worries

O RLY? They have yet to see anything.

Et tu, Bernank?

treemagnet's picture

This whole middle east thing is just like a tire fire.  Just when you're convinced its out, it comes back even stronger.

Joeman34's picture

Continued unrest in Egypt is actually a good thing as it seems the citizenry will not allow anything other than true representative rule.  The bloodshed is terrible, but they are fighting for their freedom - they will not settle for a military administered freedom mirage...

spdrdr's picture


I suspect that the "representative rule" that will eventuate will be the glorious return of the Caliphate, and the end of the separation of church and state.

Meet the new boss, same as the old boss......

Expecting a democracy to flourish out of this mess is a trifle naive.

Andy_Jackson_Jihad's picture

I think its more of a generational shift ala The Fourth Turning.  The old generation of Islamists are struggling to hold power.  It won't work in the end.

That doesn't mean a younger, hipper strong man won't appear there but he probably won't be selling the Islam as gov't stuff.  Probably bread and circuses like dear leader Obama.

Joeman34's picture

Nope, with the availability of the Internet, the Egyptian youth see what other parts of the world have and they want it as well - real freedom.  They do not want Sharia law.

Before the Internet, it was easier for autocratic rulers to repress their people because the proletariat knew no other reality.  Things really are different this time.  That is why we [U.S.] should be supporting these revolutions more directly. 

And I am anything but naive - in response to your weak personal attack...

spdrdr's picture

For the record, it was not a personal attack.

You clearly do not understand Islam in the slightest. (This also is not intended as a personal attack, it is merely an observation).

These rioting Middle Eastern and African populaces have never experienced democracy, or anything remotely like it.

Conceptually, democracy is the antethesis of Islamic thought.  To think that brainwashed, unemployed youth want democracy is probably expecting a bit much from the situation.  If anything, the youth wish for empowerment, and Islam provides that empowerment.

I sincerely hope that I might be wrong, but I don't think so.

Peace out, spdrdr.

AnAnonymous's picture

Nope, with the availability of the Internet, the Egyptian youth see what other parts of the world have and they want it as well - real freedom. 


Real freedom? There are exhibitions of real freedom on the internet?