Turkish ( TUR , quote ) demonstrations continued throughout the country on a smaller scale but the next move to watch is that of Prime Minister Erdogan who needs to step back from his hard stance.
[caption align="alignright" caption="Kasaba, Turkey"] [/caption]
There are some expectations tomorrow Erogan may soften his stance after formal requests from protest groups to spare Taksim Park were logged yesterday.
The AKP party has sent out a tone of compromise which would be impressive, but I expect the mood to remain tense and near term rallies to be sold.
If I'm a long only account sitting in Boston (i.e.: biggest conservative long only money managers in the world), and I am still very long Turkey and have profits galore, why do I need to ride through this uncertainty?
Bottom Line: Turkey should be bought but just not here and just not yet.
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