Jack Mintz: Shorting Israel has not been a good market bet
No matter how bad things look at the worst times, this small country keeps on doing big things
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Sunday evening is the start of Hanukkah, the Jewish holiday that celebrates the victorious Maccabean revolt against the Seleucid Greeks in 2nd-century BC. The menorah, lit with a jug of oil for eight days in a rededicated Temple to God, serves as a symbol of the triumph of Jewish perseverance. Despite repeated challenges over the centuries, including the horrific murder of six million during the Holocaust, Jews have successfully maintained their identity for over three millennia since leaving Egypt, estimated in the year 1313 BC.
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Like the Maccabean rebels, today’s Israelis have demonstrated remarkable resilience in the face of difficult challenges. Despite Hamas’ gruesome attack on October 7th, 2023, the costly Gazan war that resulted, and rockets raining down from Lebanon, Yemen and Iran, Israel’s stock market has been a star performer.
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