https://tradingeconomics.com/turkey/stock-marke
>500% rise in value in 1 year.
That's faster than the japanese bubble in the 1990's and makes absolutely no sense.
https://www.ft.com/content/df4e49b1-572a-4b37-951b-41bf0c6ff05b
From what I could gather it's because the Turkeys inflation is ridicilously high, interest rates are dropping which is causing local turkish people to dump their money into any asset such as housing and stocks to escape this.
Combined with reducing interest rates (which makes companies cost of capital cheaper, therefore increasing the 'value' of these companies) this seems to be creating a massive bubble.
The Lira has lost 27% in a year so even that doesn't account for the stupid stock market rise.
Anyone have any ideas on the best way to short this when it begins to crash?
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