Delek is an Israeli oil company that was not long ago valued as almost worthless. Now its subsidiary Ithaka bought the Japanese Marubeni and suddenly the stock is rocketing. Marubeni is a complex trading corporation, it is much involved in coal. Israelis are incredibly courageous and fear not the blackening of their hands with fossil fuels. People are pumping money into Tel Aviv (and Wall Street. London is decaying). Today I bought TEVA.
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