• 17 Jul 2008 at 10:30 AM

Looking At International Solutions To Falling Stock Prices

By

Now that we all know the real problems facing financial firms was rumor-mongering, short-selling and irrational pessimism rather than balance sheet bilge and mismanagement, we might want to start looking at how some of our trading partners are handling their own stock market declines. Over in Pakistan, as Felix Salmon points out, they’ve taken an even more direct approach than our own Securities and Exchange Commission.

In Karachi investors today broke windows, threw plant holders in the parking lot of the building, burned shareholder statements and at least one protester was injured, prompting intervention by police and the paramilitary.

“We demand that all stock prices be frozen at current levels,” said a fellow called Kauser Javed, who heads the Small Investors Association.
We’re surprised Hank, Ben and Chris didn’t think of this first.

Pakistani Investors Stone Karachi Exchange as Stocks Plunge [Bloomberg]

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    Comments (15)

    1. 1
      Posted by guest | July 17, 2008 at 11:08 AM

      Can we get an update on the wonderful July the quants are having?

    2. 2
      Posted by Anal_yst | July 17, 2008 at 11:29 AM

      Perhaps it would behoove those in Washington to pay close attention to this situation…

    3. 3
      Posted by WillieBanks | July 17, 2008 at 11:35 AM

      Hilarious, I actually built this into my quant models.

    4. 4
      Posted by guest | July 17, 2008 at 11:40 AM

      Can we just nuke Pakistan? Or get the Indians to do that for us?

    5. 5
      Posted by guest | July 17, 2008 at 12:00 PM

      @11:40
      Why waste our nukes on them. Those Pakis are going to kill themselves up. Damm those Pakis.
      The Indian Guy

    6. 6
      Posted by guest | July 17, 2008 at 12:03 PM

      Agreed. Screw them Pakis.

    7. 7
      Posted by guest | July 17, 2008 at 12:06 PM

      Pakis, Bangladeshis — all the same, all stink all are Muslim.

    8. 8
      Posted by guest | July 17, 2008 at 12:08 PM

      Isn’t Bin Laden in Pakistan. Maybe these protestors should go and smash up his house instead.

    9. 9
      Posted by guest | July 17, 2008 at 12:13 PM

      Muslims are an aggressive bunch. They’re just looking to go and create havoc. Mischievous people. It’s in them.
      - Bernard Lewis.

    10. 10
      Posted by guest | July 17, 2008 at 12:15 PM

      I’m shocked to discover that Pakistan even has a stock market. What companies are listed there? Bin Laden opium trading Ltd.? Taleban ammunition co.? Terrorists Inc.?

    11. 11
      Posted by Ben_H | July 17, 2008 at 12:17 PM

      The Nigerian Stock Exchange beat the Pakistanis to it. A few weeks back they instituted (temporarily — turned out to be for about 10 days) a rule that no stock could trade below its closing price on the prior day.

    12. 12
      Posted by guest | July 17, 2008 at 12:33 PM

      Speaking of the Nigerian Stock Exchange, I have gotten word that a person with the same last name as me has died without a will and the stocks are going to be turned over to my account.
      Any opinions on the value of Niegerian Stocks?

    13. 13
      Posted by guest | July 17, 2008 at 12:54 PM

      @12:33 you lucky bastard…those stocks can only go up

    14. 14
      Posted by guest | July 17, 2008 at 1:11 PM

      Felix Salmon is mentioned almost daily on DB.

    15. 15
      Posted by guest | July 17, 2008 at 2:36 PM

      hahaha
      Love the post

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