Guys lets stop quarreling within ourselves on such matters. We have enough problems already don;t we. We are not the enemies.
Let try to give info to tackle the devil at hand. We need to adjust and adapt and plan for the future to come out victorious when the market does go up.
Yes, the market is going to have a proper run at some point. When I can't tell as we still don;t see signs. It's a matter of greater patience. Investing is patience. We need to break ASI 6500 with huge support for few days. Note the foreigners are also entering slowly. Maybe they are finding the market becoming more attractive. Too early to say yet though. With maybe more foreign participation locals ( SEC, retailers , HNWI ) will get more motivation at some point.
With current earnings the overall CSE PE is getting more attractive than before. Last broker reportI saw said it is like 16-17 but am not sure. Its way less than the 20s we were in. Certain sector have shown growth this quarter while I agree some have not. So be careful what you invest.
What ever is happening now one thing I can tell you. If/when the market runs, all these people who is staying out will come back. All these miseries will go. If you concentrate on proper counters I clearly see 50% gains with proper runs in the future.
By the future I mean you should be able to hold onto atleast 1-2 year. if you do not have the patience best to not get involved heavily.
There are a few trading opportunities but only for the experienced. else you will be loosing. I tired a few. I won several but also lost a handful. But the trading I do is with small quantities as there is no volume in the market now.
BTW, when market runs , all this no money talk will go away. People will sell their Ati-kukulas, pawn their children, lease their Pets to find money to invest at CSE and join the party.
Hang in there with patience till then. Don;t get into big buys right now until we see strong direction so you don;t make big losses. Market is still not stable and we cannot expect massive movement till external factors are also solved.