What? Civil unrest can affect the stock market? No…come on…
DUBAI—Egyptian stocks plunged nearly 11% Thursday after falling sharply in the previous session, and the Egyptian pound hit a six-year low against the U.S. dollar, with investors spooked by escalating political tensions as antigovernment demonstrations continued.
I must be really, really wise…because i prognosticated that protests could adversely affect a stock market just a few days ago, despite having no immediate data at hand.
Granted, “stock market” is not the same thing as “the economy”, but i also predict some sort of causal link between the two - since i’m on a roll/