Photo: Sharon G., Flickr
On most weekends nobody even bothers talking about them, but given the confusion and consternation following the S&P downgrade of the US, people are paying attention to weekend trading in Israel and Saudi Arabia.The Saudi Market was down 5% yesterday. Tel Aviv is down nearly 7% today.
Here’s the thing though: Neither of these markets traded on Friday, so they’re basically playing catch up.
What’s more, Saudi Arabia is up today, and Israel is in the midst of gigantic economic protests.
So relax. Besides, the real big markets open in just a few hours. The need to speculate on what markets will do is almost over.