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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (49784)5/9/2006 11:39:19 PM
From: JD  Read Replies (3) of 50167
 
And here is another tale of folks who just "don't know when to quit"...
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Optimism Rules At Baghdad Stock Market
Old-Fashioned Market Buzz Reigns, Despite Continued Violence

Baghdad, May 8, 2006

(CBS) For all the violence in Iraq, many Iraqis believe there are better times ahead.

As CBS News correspondent Allen Pizzey reports, it's the kind of optimism you find among those doing business on the Baghdad Stock Market...

...There are fewer than 100 companies listed on Baghdad's stock market, and it's open only four hours a week. But the mood is surprisingly bullish...

...In another unlikely twist, nearly half of the traders are young women. None of them wanted to talk to CBS News – because they were too busy....

..."I buy them because they are real-estate and building on very good land, so they are cheap price, so I buy them and I wait," says Abdul Latif....

...Risk isn't anything special to stock players whose place of business needs barricades and barbed wire to keep car bombers out. In fact, a recent shelling incident did wonders for the sellers.

"With the first bombing prices went up...with the second bombing price doubled."...

cbsnews.com
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