A very interesting article has surfaced over at theglobeandmail.com where analysts have noted that the Global stock markets shot up today immediately after Hosni Mubarak finally bowed to pressure and quit, though New York and Toronto pulled back as oil prices fell.
“We got rid of the devil we knew, now we’re getting the devil we don’t know. The market doesn’t know what to do. I’m on the sidelines.”Stephen Schork, head of oil-trading adviser the Schork Group, to Dow Jones
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Of course we will have to wait and see which sectors of the market have been drastically affected by the happenings in Egypt. One thing that crossed my mind while reading this article is, how will technology be affected by the new Egyptian regime? Reports surfaced right after the tech blackout where numerous BlackBerry users could still access BIS and were prompting the world via social networks like Twitter and Facebook as to what was going on. Will the people of Egypt forget this? I hope not. Who knows what the future for RIM will be in Egypt but if i’m an Egpytian, I would want a BlackBerry device for security and reliability.
What are your thoughts?
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