Friday, July 18, 2008

Pakistanis Protest

A mob of "investors and brokers" stormed Pakistani stock markets in three different cities yesterday, smashing windows and setting tires on fire. Asks the LA Times in its headline, "What do you do about a bear market? In Pakistan, you stone it."


The fact that it happened in Karachi, Islamabad, and Lahore all on the same day suggests that the tantrum was coordinated in some way. Who knows, tho?

Some of us feel like we'd like to do the same thing after what's happened in the market in the last months, but this is embarrassingly uncivilized. Guess that doesn't matter in much of the world.

Scary to think that Pakistan is the world's six largest country by population. And a nuclear power to boot.

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