Egypt’s political crisis is likely to pose a “short-term challenge” to emerging market equities, but not trigger “serious and prolonged selling,” Citigroup Inc. strategists wrote in a Jan. 30 report.
“Although further weakness looks likely in the near term, we would look for a medium-term buying opportunity in emerging market equities from this political crisis,” according to the report by strategists including Geoffrey Dennis<http://search.bloomberg.com/search?q=Geoffrey+Dennis&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1> . (Bloomberg)
