November 19, 2021
The Tehran Stock Exchange index remains in the doldrums, with sales volumes very low, indicating little public interest in returning to the market and beefing up activity.
There are periodic public protests by former stockholders demanding that the government reimburse them for their losses just as losers in numerous Ponzi schemes marketed in Iran have demonstrated over the years demanding reimbursement for their losses, expecting the government to protect them from the fate of risk.
The TEDPIX stock market index surged inexplicably in recent years, with many members of the public apparently thinking it was a safe sanctuary from inflation. It was until August 9, 2020, when it peaked at 2,078,546.
It sank rapidly over the next 10 months, losing almost half its value when it hit bottom at 1,095,678 on May 24, 2021. That 47 percent drop still paled against the New York Stock Exchange loss of 89 percent from September 1929 to July 1932, marking the Great Depression.
Since May’s bottoming out, the Tehran market index has risen only as high as 1,575,762 in August, but for the last month has just meandered between 1,450,000 and 1,340,000.
The index as of November 21 stood at 1,386,935.
