Any one can,t expect what is the turning point
all prediction vanished such as ASI 6200 :5800 :5500:5400 :5250
So i think mkt crash
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slstock wrote:
Though we initially blamed ourselves ( retailers) for panicking there are other responsible parties contributing to this mess. Whenever there is hope, FURTHER negativity is injected by some drastic action ( apart from global)
When some people take drastic actions like 37% fuel hikes over night , first deplete foreign reserves by 30% and then suddenly deciding to go free float , expropriation laws etc etc are they really thinking about making CSE a top market?
There are ways to solve problems. But the way authorities acted over the past few months without a plan, I cannot help but say they are also culprits to instill negativity to market. It is very sad. We Sri lankans sadly act on extremes. There is no moderation.
Anyway most counter are getting to be oversold. Let us positively hope for a short term turn around soon.
Some of the prices are nearing May-July 2010 prices. I really do not think our market is that bad to deserve continues across the board negativity like this.
slstock wrote:
Though we initially blamed ourselves ( retailers) for panicking there are other responsible parties contributing to this mess. Whenever there is hope, FURTHER negativity is injected by some drastic action ( apart from global)
When some people take drastic actions like 37% fuel hikes over night , first deplete foreign reserves by 30% and then suddenly deciding to go free float , expropriation laws etc etc are they really thinking about making CSE a top market?
There are ways to solve problems. But the way authorities acted over the past few months without a plan, I cannot help but say they are also culprits to instill negativity to market. It is very sad. We Sri lankans sadly act on extremes. There is no moderation.
Anyway most counter are getting to be oversold. Let us positively hope for a short term turn around soon.
Some of the prices are nearing May-July 2010 prices. I really do not think our market is that bad to deserve continues across the board negativity like this.
mono wrote:slstock wrote:
Though we initially blamed ourselves ( retailers) for panicking there are other responsible parties contributing to this mess. Whenever there is hope, FURTHER negativity is injected by some drastic action ( apart from global)
When some people take drastic actions like 37% fuel hikes over night , first deplete foreign reserves by 30% and then suddenly deciding to go free float , expropriation laws etc etc are they really thinking about making CSE a top market?
There are ways to solve problems. But the way authorities acted over the past few months without a plan, I cannot help but say they are also culprits to instill negativity to market. It is very sad. We Sri lankans sadly act on extremes. There is no moderation.
Anyway most counter are getting to be oversold. Let us positively hope for a short term turn around soon.
Some of the prices are nearing May-July 2010 prices. I really do not think our market is that bad to deserve continues across the board negativity like this.
the brent was set to go down in december and settle about the 85 level. But suddenly we got hit hit by the iran problem. and it's gone 120 and eventually 140. the government has very little options when something like this happens.
This is not only the problem with present government.It has been the main problem of Sri Lanka Fr--dom Party centred government.They have been trying to change things overnight.Just see what happened in 1970s.They changed the policy overnight and they did not give adequate time for people to adapt.So what was the result.deleted got historical win.slstock wrote:mono wrote:slstock wrote:
Though we initially blamed ourselves ( retailers) for panicking there are other responsible parties contributing to this mess. Whenever there is hope, FURTHER negativity is injected by some drastic action ( apart from global)
When some people take drastic actions like 37% fuel hikes over night , first deplete foreign reserves by 30% and then suddenly deciding to go free float , expropriation laws etc etc are they really thinking about making CSE a top market?
There are ways to solve problems. But the way authorities acted over the past few months without a plan, I cannot help but say they are also culprits to instill negativity to market. It is very sad. We Sri lankans sadly act on extremes. There is no moderation.
Anyway most counter are getting to be oversold. Let us positively hope for a short term turn around soon.
Some of the prices are nearing May-July 2010 prices. I really do not think our market is that bad to deserve continues across the board negativity like this.
the brent was set to go down in december and settle about the 85 level. But suddenly we got hit hit by the iran problem. and it's gone 120 and eventually 140. the government has very little options when something like this happens.
Mono are you sure we are buying oil at brent rate. Brent is higher than OPEC. But yes the fact remains the oil prices hiked in the global market.
Anyway, my point is we take drastic actions suddenly without much forethought. There are ways to do things gradually or in steps.
See the below also
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=45128[/quote]
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