Don't BTD In Egypt

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		Tech Media Wall Street Markets Strategy Sports Tools Travel Politics Latest Video Tuesday, May 10, 2011 Don't BTD In Egypt Egypt has gone to hell in recent days, as the revolution has given way to sectarian violence that has left at least a dozen dead. Another problem: The economy is going to pot. Growth has stalled out, and deficits are blowing out. In a note out today, Citi urges its investors NOT to invest in Egypt, even though its market is at post-Mubarak lows. One reason, compared to other countries that have experienced major volatility, Egypt isn't even that cheap. Here's one perspective. During periods of crisis, Turkey and Brazil saw much cheaper PEs relative to other emerging markets. So yeah, don't Buy The Dip!  Read » Also On Clusterstock Today: Wall Street's Favorite Drugs CFTC Tells Goldman It Might Bring More Fraud Charges Ken Griffin Explains How The Government Just Enabled Another Huge Bailout Of All The Same Firms 15 Stocks Everyone Is Shorting Like Crazy Advertisement CHART OF THE DAY: The Student Loan Debt That Never Stops Rising CHART OF THE DAY: How To Know If A Recession Is Really On Its Way CHART OF THE DAY: Remember $100 Oil? Share this email: Buzz Facebook Twitter Digg Reddit StumbleUpon The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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