Ireland: IRL revisited

As is customary we spend a few posts this time of year taking a look at things Irish.  We'll kick off this week by taking a look at the New Ireland Fund.  We last posted on this back in Feb of last year.  New Ireland Fund.  Back then times had been as hard or harder for Ireland as for the rest of the world.  The IRL was no exception to that rule. 

Since then the IRL has outperformed US stock markets as it is up close to 90% vs something like a 60% rise off of its bottoms for the S&P 500.  However the IRL peaked last September and is still down from that level while the S&P is near its highs for the year.  The IRL is still down over 80% from its late 2007 highs!

Ná glac pioc comhairle gan comhairle ban!