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Bombs and Share Prices

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Share prices of listed Greek companies. W-w-what, you say?

The Friday following the rocket launch, Greek companies listed on the New York Stock Exchange (NYSE) saw their share prices rise. There appeared to be especially strong gains across the board in the Greek shipping sector, with companies like Danaos Corporation, Diana Shipping Inc., and Excel Maritime Carriers Ltd. seeing jumps in their share prices of between 19 and 35 cents per share.

Recent trends on the NYSE suggest that foreign investment is experiencing a steady climb, so take these jumps in context.

And whatever you do, don’t casually launch rockets at embassies—either to try to strengthen your portfolio or to achieve your political agenda. Thanks.

About the author

In order to keep a promise she and her brother had made to their grandmother (and to simultaneously fulfill one of her own dreams) Kaymaria left her beloved hometown of Oakland, California and headed to Athens in time for the 2004 Olympics. Today, she continues to work and play in the Greek capital, where you may find her writing atop Lykavittos, road-tripping with overseas guests, enjoying Athens cafés with friends, dancing to Greek hip-hop music, or reading Greek subtitles in an outdoor cinema. The daughter of two life-long educators and enthusiastic travelers, Kaymaria has explored North America, Mexico, and Europe. It was not until she spent a year as an exchange student at The University of York in England, however, that she discovered that she does not actually speak English.

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