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The Middle East was the topic of last week in the CNN Headline News. Today the Middle East is still a big topic, the topic concerns Egypt and Suez Canal. Concerns about if the Middle East will fall off and how will it effect the economy have been floating around. A follow up was done by Paul R. La Monica in an article titled "Egypt shows that risk is alive and well". The article explains how the stock market has reacted to the crisis in Egypt. The stock market fell by at least 14% last week and increased by 7% as of today. Egypt's debt to investors comes into the article next, in which the investors are worried because of this one incident. It was stated in the article that the investors have nothing to worry about.
The opinions in this articles come from the author Paul R. La Monica. He retrieved his facts from time Warner, the source CNNMoney, and Abbott Laboratories. These are creditable sources used by many journalist. A quote from Andrew Fitzpatrick, was used in the article concerning Egypt.
This article is a great article to read, especially if you are into the stock market and are concerned about the stock market. The comment made by Fitzpatrick can be argued between others, which is his statement about Egypt not being an important role in the stock market. If Egypt is not important then why did the stock market fall by 14% last week.
