Iran stock market booms, but analysts fear a growing bubble
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Summary
But these rapid gains increasingly have analysts and experts worried about a growing stock market bubble, one that could be particularly dire and wipe away the earnings of the average people flooding into the market.“We have witnessed a very strange incident,” said Hossein Tousi, a member of Iran’s Chamber of Commerce , speaking to 90eghtesadi.com, an Iranian economic review website. “The rise in liquidity in Iran’s financial market has made people expect high inflation in future,” said Reza Khanaki, a Tehran-based financial analyst and manager. “The Iranian financial press as well as foreign economists have raised concerns that the meteoric rise of the market is detached from the underlying value of the assets traded there and that bubbles have formed,” said Henry Rome, an analyst at the Eurasia Group.
As said here by NASSER KARIMI