Iraq
Guest Post: Iraq
Submitted by Tyler Durden on 10/21/2009 15:42 -0500Submitted By: Geoffrey Batt
No one rings a bell at the top? Watch CNBC. There may not be a better counterexample. Late to just about every party, CNBC’s favorable coverage of a stock, commodity, ETF, etc., typically presages a turn and subsequent decline in the asset(s) in question. Think wildcat oil in June 2008- to select one out of uncountably many examples.
Disclosure: I am long equities listed on the Iraq Stock Exchange, having made my first investment in January 2008.
Disclosure: upon learning CNBC’s Erin Burnett would spend the week highlighting ways to invest in Iraq, I threw up a little in my mouth.
