Foreign and Israeli funds are selling off and taking their money overseas. Last year, TASE's turnover halved. the buyers have fled. The reason is the Arab Spring marking the region with a red Danger stamp, and the social turbulence in Israel, which I dismissed but foreign investors and their computers interprete as instability. I cant take seriously protests because the Pesek Zman candy which is sold cheaper in New Jersey than in Tel Aviv. 30% of local pension funds's money is invested in foreign markets, and that money is missing in TASE. Today was particularly bad day. I have been trapped, maybe, in a falling market.
1 comments:
This Israeli company looks interesting; it's cheap and profitable and growing:
https://www.google.com/finance?q=peri
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