The Jakarta Stock Exchange in Indonesia has been one of the best-performing markets this year, more than doubling from 1,089 to 2,322.
Last night a suicide bomber in Jakarta tried to derail this epic run by setting off a bomb at the Marriott during a business conference. Eight people were killed and 53 wounded. This was the worst terrorist attack in four years.
The recently re-elected President Susilo Bambang went on TV and said, "I'm confident just like when we have uncovered [terrorists] in the past, the perpetrators and those who moved this act of terrorism will be caught and brought to justice."
Investors seemed to shake off the attacks. Two weeks ago, more than 60% of voters decided they liked the way the country was headed and re-elected the modern, reform-minded president.
Indonesia has successfully cracked down on terrorism over the past few years. Indonesia is the world’s largest Muslim country but only a small minority holds the extremist views of Shia law proponents.
Today the Jakarta stock market is off 0.55%.
Bank Kesawan (BKSW:JAK) was up 12%
Citra Kebun Raya Agri (CKRA:JAK) was up 17%
Crisis = Opportunity
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Right now I have one such situation occurring in the lush oil fields of Iraq. The Kurds just gave this company the right to export its crude oil via Turkey. They are ramping up production 1,000% this year. And nobody's heard about them - yet... read more here.
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