Egyptian Stocks Got Obliterated In One Of The Ugliest One-Day Charts We Can Ever Recall

Fears that Mohamed Morsi is screwing the whole revolution up with his “Morsilini” act is wreaking havoc on the Egyptian market.

On Sunday the market fell nearly 10%.

Today? Off another 4.6%.

And we can’t remember seeing a chart quite this ugly, as in, down, down, down, down. Most down days usually catch a floor at some point, even if only tepmorarily.

From Bloomberg:

image

Photo: Bloomberg

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

egypt moneygame-us