Lock The Barn Doors! The Karachi Crunch Continues

08/28/08 10:48AM EDT
After getting hammered for a 6 day -18% down move, Pakistan's government decided to play their Keynesian cards again and stop trading!

No, this is not the Jim Cramer "stop trading" call... this is an old fashioned socialist government intervention. This is the 2nd time in 2008 that Pakistan has opted to plug trading curbs into their free falling stock market. Free market capitalism allows people to fail. They don't get it.
  • Next support for the Karachi 100 Index is 9,013.
    KM
chart courtesy of stockcharts.com
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