November 17, 2011, - 5:32 pm

Want Your Pension $s in Palestinian Stock Market? You Might Not Have a Choice

By Debbie Schlussel

Although I’m not a licensed investment adviser, I think  it’s safe to say there are a few things in which it’s probably NOT a good idea to invest your money:  MCI, Circuit City, Syms, Borders Bookstores, Oprah Diet Mints, the Penn State Child Welfare Services Corporation, and the Palestine Exchange (the Palestinian stock market).  But New York investment firm Auerbach Grayson & Co. is betting on huge pension funds and other institutional investors from America executing trades with the people of Arafat and blown up pizza joints.  My best advice:  buy low on explosives, sell high the next day (if you still have arms)!  I’d also advise investing in any new chain of Palestinian nosejob mills and mustache grooming material producers.  Most Palestinians are a great target demographic for at least one of those two services, and for many both of them.

Got Money to Burn? Invest in “Palestine”

The thing is, while you probably wouldn’t choose to invest with the people of HAMAS and hummus halitosis, you might not have a choice.  Your pension fund managers might invest your hard-earned pension money with the Palestinians and their lack of civilization.  And that’s something you should watch out for.  Auerbach Grayson is seeking their, er . . . your, money though those pensions. The firm says it’s seeking investors with a minimum of $100 million to invest. That’s a lot of blown up coffee shops and bars. By the way, I can’t wait until Al-Occupy Palestinian Wall Street begins! Also, don’t forget: Camel . . . it tastes like chicken.

Auerbach Grayson & Co. is opening up Palestine’s stock market to institutional investors in the U.S., the first brokerage to offer trading in shares of the 46 companies listed in the war-torn region.

The New York-based brokerage, which connected investors to Iraq’s stock market in 2009, in June partnered with Palestinian broker Sahem Trading & Investments to execute trades on behalf of qualified institutions that have a minimum of $100 million. The first such trade took place in July.

With a combined market capitalization of $2.8 billion, companies listed on the Palestine Exchange are too small to be included in any major emerging-markets index, so they don’t show up on most investors’ radar screens. “It’s a tiny market, but it’s also an undervalued market,” said Auerbach Grayson Managing Director David Grayson. West Bank and Gaza posted 7% growth in real gross domestic product in 2009, the most recent figure available from the Central Intelligence Agency.

One obvious deterrent is the constant threat of war and political upheaval.

Ya think?! Hey, investing in the Muslim world sounds really rewarding:

Egyptian stocks have lost a third of their value since mid-January, and Israel’s TA-25 index is down nearly 17%. Meanwhile, the Palestinian Al Quds index has lost 7%.

“It’s an exchange born in a place where political turmoil and uncertainty are a constant,” said Ahmad Aweidah, chief executive of the Palestine Exchange. But shares in Palestine are affected by these factors to a “much, much lower extent.”

Larry Speidell, chief investment officer at Frontier Market Asset Management in La Jolla, Calif., said he holds shares in Palestine Development & Investment Co., or Padico. Roughly half of the $100 million under management at his firm is in sub-Saharan African stocks, with holdings in places as farflung as Zimbabwe and the Ivory Coast.

“The beauty of it is, the stocks are not so efficiently priced,” Mr. Speidell said. “There are some excellent and very well-run companies.”

Yeah, like Ahmed’s Bomb Belt Factory! Sadly, this Speidell dhimmi-whore is probably Jewish, too.

The low correlation with global markets is another draw, Mr. Speidell added.

Padico is one of the most heavily traded stocks on the exchange, as well as the major shareholder of it.

The exchange is one of the smallest in the world, with trading volume this year at about $306 million. That is larger than Bahrain Bourse’s $243 million but well behind the Amman Stock Exchange’s nearly $3.6 billion, according to the Federation of Euro-Asian Stock Exchanges.

The low liquidity and the specter of war so far have kept most of the international investing community at bay.

Thank Heaven for small favors!

“Why go to what is one of the historically most politically risky areas there are?” said Tony Norris, co-manager of the Wells Fargo Advantage International Bond Fund. The fund has held Egyptian bonds.

Yeah, you can bet those bonds were under Mubarak, not under the current Islamic jungle formerly known as Egypt.

Note to self: Never invest with Larry Speidell’s Frontier Market Asset Management. He probably never gave it a second thought that all these companies on the Palestine Exchange have to pay off the Fatah and HAMAS officials running the place, that all the people who run those companies openly support these terrorist groups. And who cares if a good cut of the money will go to terrorist attacks on innocent Israelis?

After all, Larry Speidell is in it to make money on the “undervalued” Palestinian stocks. How sad that, for him and his Palestinian buddies, the most undervalued thing is non-Muslim human life.

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13 Responses

Especially Jewish life.

The Tul-Karem rule applies to these Jewish dhmmis financing the Palestinians’ war against the Jewish State.

Don’t listen to anti-Semites who claim Jews are the smartest people on earth. When they invest with their enemies, the opposite is the exact truth.

I can see Larry Speidell’s investments in Palestine going up in smoke someday. Just be sure to refrain from telling him its a “risky bet.”

He and his fellow investors will be lucky to lose their shirts. Clueless Israelis who dined with the Palestinian barbarians got served on the menu. Remember Tul-Karem!

NormanF on November 17, 2011 at 6:28 pm

I know far too many people who have lost their 401K’s and IRA’s.

All conservative radio announcers are advertising gold these days.

Personally, I do not think that the Southeast, Southwest, and Western States have enough ammunition factories and gun making factories. Remington, Federal, Ruger,Baretta, Glock, Barrett,etc. Each state should have at least 2 factories producing 3 million quality rounds each day. None of this reloads crap.

We also need more tank factories and Apache helicopter factories along with a couple more naval shipyards and a Joint Strike Fighter Factory.

I noticed that the United States House of Representatives passed a concealed carry law. What they need to pass is a law requiring a minimum of 8 hours of classroom work in order to carry. The classes are taught by highly qualified instructors with no ass kissing or ego massaging going on.

If Grandma Moses can shoot a burglar in the ass and tell about it in court, then there is no excuse for any woman not to carry.

This is what I call investor confidence, a well armed nation is a happy nation. Judges who have a good ear for listening and who are ultraconservative are my kind of judges.

Confederate South on November 17, 2011 at 7:33 pm

Good point about talk show hosts hawking gold.

But investments in Palestine might not be that bad. After all, even when the Western economies are collapsing, they contribute vast, and increasing amounts to Palestine. With this charity on a nonstop basis, Palestine might hold up.

Little Al on November 17, 2011 at 8:12 pm

I cannot say enough what I have already said about the Wall Street protestors on this website.

The chilling fact is that the stock market crash of 1929 and subsequent Great Depression along with the recent crashes and Great Depression we are now in were both caused by Democrats.

If the Wall Street protestors had any brains, they would pick up Morgenson and Gasparino’s books and start reading.

The brokerage houses have probably covered up even more losses than what we know about.

It will take 2 presidential election cycles to turn the economy around.

The worst part is that the rest of the world has gotten hung by our brokerage houses and bleeding heart politician’s in providing housing for the Black Undertow andmillions in bonuses for these Democratic Wall Street Barons.

James A. Johnson and the rest of the Democratic Promissory note barons have managed to suck the life out of our economy and the rest of the world. Furthermore there is no law established preventing him from killing the United States economy again.

Sadly not one of these Democrats will ever be prosecuted.

Confederate South on November 17, 2011 at 8:22 pm

Oprah Diet Mints – that right there is comedy gold, Deb.

Jack on November 18, 2011 at 11:46 am

Can’t be any worse than TSP….

IceNoMore on November 18, 2011 at 2:46 pm

“Palestinian Exchange”…sounds like a matchmaking/dowry service to me.

Not Ovenready on November 19, 2011 at 12:12 am

“don’t forget: Camel . . . it tastes like chicken”…

And camel toe…it tastes like fish.

Sorry, couldn’t resist…. 😉

PsychoCheese on November 21, 2011 at 2:14 pm

OK Turkeys, lets get real. Every drop of gas you burn whether cruising down Woodward in a dreamy haze of monoxide fumes, or merely taking a trip to Sommerset where your spending fix can be satiated with the swipe of plastic (also manufactured from petroleum) you are unwittingly supplying the barbarians at the gate (mostly muslim) with the liquid cash they need to obtain more ammunition, rocket propelled grenades, IED’s and AK’s from Russia, China and North Korea, Iran and probably some of our friends like France. You know, the same ones they are killing our soldiers with.
Instead why not use our military spending to manufacture electric cars to dry up their business. Exon and Mobil says no because mideast refineries are their only business, and boy oh boy do they have money to lobby. Screw them.
The very least we could do to create more jobs is to deprive Russia,China, N.Korea and Iran of customers by underselling RPG’s, AK”s and IED’s to the muslims made right here in the good old USA. I am sure the NRA would approve. You know, like we did with Mexico. Get it?

Ron Wolf on November 21, 2011 at 10:49 pm

    Thank you for the canned comment. Were you a Solyndra investor perhaps? You should try hawking your stale bread elsewhere.

    worry01 on November 22, 2011 at 3:33 pm

God is using the Islamic nations to discipline and chastise Israel,American and Europe.”Nation will be at war with nation” .Jesus said.America should get out of the Islamic countries.Israel keeps shooting itself in the foot.Israel was going to have a gay parade in Jerusalem(god’s sanctified city) a few years back before God allowed Hezbollah to attack so that the parade would be cancelled.God in the old testament said,Oh Assyrian, the rod of mine anger(god used the ancient brutal nation of Assyria to disciple Israel when they got out of line.You win wars by having the higher moral ground.America allows alcohol and pornography to be sold in the U.S.(a supposed Christian nation)both banned in the Islamic countries(therefore the U.S. loses respect in the Islamic world for this).The bible says when the righteous are in authority the people rejoice,but when the wicked beareth rule the people mourn.

Samson Babayan on November 22, 2011 at 9:42 pm

Thanks giving day?? For what ??? For Killing native American!

Lee on November 25, 2011 at 1:15 am

This website is a piece of shit

Lee on November 25, 2011 at 1:18 am

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