Israel's econo & me

This blog is mainly about the Israeli economy (and a little bit about me). I hope all you potential investors and economics freaks find this blog educational. Feel free to ask questions, write comments etc. Note: All opinions expressed are just that - opinions. Don't interpret them as financial recommendations or suggestions.

Thursday, May 04, 2006

Market, High, Good

I just don't get it...
Last July, before the disengagement plan from Gaza, the stock market was at about 700 points.
The treasury minister resigned, the coalition fell apart, Sharon had a stroke and Israel went to election before the end of the term.
In between, there were suicide explosions, the rise of Hamas as the Palestinian leaders and other bad events that should have badly affected the economy.
And what do you know... the stock market is rising and rising, getting very close to 900 points, currently at the highest point ever.

As the famouse Stevie Wonder song goes: "...I hope my premonition misses...", but I think we are close to dropping back to 810 points.
No special analysis, just a hunch.

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