Rattlesnake Ridge      

 
      BFF

“The main index of the Tehran Stock Exchange, TEPIX, has soared to a record high, despite the US-led sanctions imposed on the Islamic Republic of Iran. The benchmark index gained 240 points to close at an all-time high of 24,356 on Sunday, IRNA reported. The surge was mostly due to Iran’s copper, steel, and petrochemical industries as investors traded shares worth $36.4 million. The Tehran Stock Exchange, founded in 1967, has been one of the world’s best performing stock markets in recent years and ranked as the best bourse index in Europe, Africa, and the Middle East in 2010 in terms of performance of the main index……….” Press TV (Iran)

I suppose I shouldn’t be surprise. The US economy is still in the doghouse, but the NYSE and Nasdaq have soared in recent weeks. Yet clearly trading on the TEPIX is not exactly very deep. At a daily trade of $36.4 million, Lloyd Blankfine can do more trading than that. Hell, Jim Cramer can do more trading than that. Hell, Hermann Cain can trade that much after he sells his book that he ran for president to promote.
Cheers
mhg


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