Foreign investors purchased shares worth $560 million on the Tel Aviv Stock Exchange in November 2009, compared with $170 million in October - a rise of 230%. Foreign investors also bought $140 million of shares of Israeli companies traded on overseas stock exchanges in November, compared with $80 million in October.
Thanks, foreigners, for pushing up TASE and making me rich(er).
4 comments:
If the world economy continues to linger in the doldrums, the funny money may come to TASE. In which case we are looking at a blowout on the order of the movement of the SEAsian markets before the 1997crash. I wish you good luck for the new year.
Thank you.
What is funny money? Money invested in Israeli shares is very good for us.
I dont fear blowouts. What is a blowout?
Sorry, I should have used the term high liquidity money instead. I posted without thinking.
In these days all money is very liquid in the stock exchange. Israel is very open and money flows in and out in split seconds. The Bank of Israel is keeping a kind of balance, so the shekel does not get too strong. But it surely will against those funny dollars.
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