Wednesday, 16 January 2008

Euronext Lisbon: plunging in bear mode?

Since the last post, dated from the 7th of January, very little has changed. In fact things got a bit worse with last day's news on Citybank, US (pilling) stocks and Germany's 15 year low in confidence indicator on investment.
Euronext Lisbon is accumulating the biggest losses in currently live markets (-2,82% at 10:40 GMT). I think only Nikkei did worse. But let's wait for the end of the session.
The truth is that most probably the international investment funds are fleeing from Lisbon, not due to a particularly bad economy but due to it's peripheral and small weight. The harvest times are over for a while, but one thing is sure, some of the stocks in Euronext Lisbon are reaching appalling prices, quite under evaluated according to its economic performance.

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