Thoughts and Observations on Turkish Economy and financial markets. Turkiye Ekonomisi, Borsa, Dolar, Altin, Faiz, Teknik Analiz, Grafik, Hisse Senetleri...

Tuesday, July 29, 2008

Erin Burnett on Investing in Turkey

Erin Burnett spent a couple of days in Istanbul and reporting. Here is the link for the video. She also interviews with a Citibank analyst who is pessimistic about Turkish markets and suggests "selling" Turkish equities. At that time Istanbul Stock Exchange was around 35000 and today it closed over 39000.

Even though I expect a decline from current levels in the very short term (1.5 months), I don't think it is a bad idea to have some exposure to Turkish equities.