Twirp : Terrorist Wahabi Islamic Republic Pakistan

[Guest]

Pakistan's stockmarket
<b>The world's most dangerous haven</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->THIS newspaper calls it “the world's most dangerous place”. Mark Matthews of Merrill Lynch calls it “the greatest information-arbitrage opportunity in the world.” He may be right. Since the start of the year, when Pakistan was reeling from the assassination of Benazir Bhutto, <b>it has been the best-performing stockmarket in Asia </b>(see chart). More evidence of madness in financial markets? Probably not. <b>Its politics are bleak but the economy is expected to grow between 6.5% and 7% in 2008. Its companies continue, on average, to have a high dividend—4%—and a low price/earnings valuation—under 15 times</b>. Perhaps its main salvation is the lack of foreigners in the market: that means fewer people to panic about the security situation—or the subprime situation back home.
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Should I laugh or throwup?
<img src='http://www.economist.com/images/20080126/CFN673.gif' border='0' alt='user posted image' />