Hamartia Antidote
ELITE MEMBER
- Joined
- Nov 17, 2013
- Messages
- 35,188
- Reaction score
- 30
- Country
- Location
Dow up 373
- Thread starter Hamartia Antidote
- Start date
unrequitted_love_suzy
BANNED
- Joined
- Jul 13, 2020
- Messages
- 579
- Reaction score
- 0
- Country
- Location
So is iran's stock market 
https://www.dtnpf.com/agriculture/w...020/08/03/irans-stock-market-hits-record-high
The Tehran Stock Exchange has seen sharp increases this year, even as Iran struggled with one of the first serious coronavirus outbreaks outside China.
Encouraged by a government eager to privatize state-owned firms, average people now have access to the market and can trade shares, earning returns they'd never see in a savings account or a certificate of deposit.
But these rapid gains increasingly have analysts and experts worried about a growing stock market bubble, one that could be particularly dire and wipe away the earnings of the average people flooding into the market.
Even Iranian President Hassan Rouhani — beleaguered since President Donald Trump unilaterally withdrew America from his 2015 nuclear deal with world powers — has pointed to the market as a rare bright spot for the country. Iran's rial currency has fallen to some 230,000 to 1 against the U.S. dollar, as opposed to the 35,000 to $1 in 2015.
Founded in 1967, the Tehran Stock Exchange lists some 1,000 companies, including major firms like car manufacturer Iran Khodro. The bourse now has a market cap of more than $200 billion.
https://www.dtnpf.com/agriculture/w...020/08/03/irans-stock-market-hits-record-high
The Tehran Stock Exchange has seen sharp increases this year, even as Iran struggled with one of the first serious coronavirus outbreaks outside China.
Encouraged by a government eager to privatize state-owned firms, average people now have access to the market and can trade shares, earning returns they'd never see in a savings account or a certificate of deposit.
But these rapid gains increasingly have analysts and experts worried about a growing stock market bubble, one that could be particularly dire and wipe away the earnings of the average people flooding into the market.
Even Iranian President Hassan Rouhani — beleaguered since President Donald Trump unilaterally withdrew America from his 2015 nuclear deal with world powers — has pointed to the market as a rare bright spot for the country. Iran's rial currency has fallen to some 230,000 to 1 against the U.S. dollar, as opposed to the 35,000 to $1 in 2015.
Founded in 1967, the Tehran Stock Exchange lists some 1,000 companies, including major firms like car manufacturer Iran Khodro. The bourse now has a market cap of more than $200 billion.
Similar threads
