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Saturday, July 12, 2008

Very Bearish on Africa

I never usually advocate short selling, but I think that Africa will be hurt the most by any global economic down turn. South Africa, arguably the only investment grade economy in Africa, will face face social pressure (from rising tensions in Zimbabwe) and economic pressure( inflation and food prices). For these reasons I suggest a long term short sell of
EZA
iShares MSCI South Africa Index (ETF)


2 comments:

Anonymous said...

Who gives a damn about Africa?

Sanjay Krishnan said...

Well if we can make money of them, why not