It's Thursday January 27th and this is Market Foolery.

I'm Chris Hill in joining me in studio today from Motley Fool Hidden Gems, Charlie Travers,

and from Motley Fool Global Games Tim Hanson. Guys neither rain nor

sleet nor thunder snow would keep us from this show today. Am I right? I thank

my hiking boots. It's good to be here. All right we've got earnings from Netflix Under Armour and Procter and

Gamble but we're going to start today with the political unrest in Egypt.

Tim let me start with you. We've had days of anti-government demonstrations.

They forced to halt to trading in Egypt's stock market today.

Stocks felt 11% today.

Just by way of context, in 2010, this was the region's second best performing stock market and it's now fallen 21% in the past two weeks

How much worse is this going to get? Well Chris you know this is a very important market in

North Africa they are the operators and owners of a little body of water you may have

heard of called the Suez Canal oh yeah which is a key lifeline between oil

shipments coming out of the Middle East and oil

consumers and developed markets in Europe and the United States. So if you don't

think this affects you, if this gets worse from here, you may see higher oil prices but you know this is just

one of those this is a country where you know it was a quote-unquote democracy.

President Mubarak has been in power for 30 years was quote unquote elected he heads the

national Democratic party but you know he's outlawed if this were a video

podcast you'd be doing the finger quotes a lot of those but he outlawed the main

opposition group and basically younger people in the country

have gotten fed up because the economy has done quite well.

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