Once Ramadan was over, the police stopped blocking streets around the Stock Exchange; as if they thought the mullahs would rearrange their portfolios, invest in peace, and let their contracts expire. This new lease on freedom went, at first, unnoticed. The air, late-winter warm, was quiet; the streets bare, even at noon. It takes time for fear to cease. But with the Spring, the street vendors return. As if called to prayer, their customers throng the streets again, spending their lunch-breaks hoping for a bargain, singing the market's song. And traders who think they've kept options open still play with straddles while the future burns.
Copyright 1995 Edward Gaillard. All rights reserved.