Saturday, January 4, 2014

1-4-2014 Intel Guru Nova

1-4-2014   Intel Guru Nova   With the Tariff law enacted, the goods in Iraq must be repriced for the tariff.  If the rate is not revealed…it all becomes “Undone”.  The fact that the CBI did not transact business today and the ISX is closed is very telling. It is what we want to see.  IMO, the ISX must be down when the rate is changed because the valuation of the companies is in USD…trading takes place in IQD but the capital and valuation is in USD.  When the new rate comes out….the stocks, capital and corporate valuations must be reset to IQD for the new rate.  IMO, I do not believe the tariff can be enacted at 1166.  [post 2 of 3....stay tuned]