In the short term, I anticipate that the market will rise, which is good for traders and those looking for an exit route. (This assumes that foreign investors do not withdraw.)
There is likely to be less regulation, which is good for those who push prices up and down, to make a quick buck. If you are wise, there's money to be made.
But I voted: 'Bad for the Market'.
I think we must understand the SEC fiasco. Those who are opposing the present practices of SEC are not market manipulators. Why I oppose present SEC practices?
1. All the regulatory action during past two years are implemented on ad-hoc basis, they just behave like primary school principles. Which is not supposed to happen and not expected from regulators?
2. See the comments they make about the country's capital market; See the very recent comments. How brave they are? But have they managed to take action against any of the culprits during last two years?
3. Look at the violations and unethical practices carried out by so called blue chips and their directors in last two - three years. What action they took?
4. What are the objectives of the SEC? What they made to achieve those objectives during last three years? Have they served the purpose of the SEC?
5. At the COPE they lamented, " 95% of the market is controlled by less than 5% of the investors? This is true from the inception of the CSE, except for late 2009 to 2011, during which this 5% was reduced to about 3%. Who chased away or destroyed the small investors from CSE. What tangible steps they took to broad base the CSE?
5. Always market was controlled by few investors who do had the capacity. So what's the real problem now? It's the battle between two factions within this few cash rich investors to decide, who should control the market? Cash rich elite who controlled the market before 2009 or the cash rich new comers who got the control after 2009. IT'S SIMPLY A CLASS BATTLE.
WHAT WE SHOULD DECIDE NOW IS "SHOUL WE ALLOW THIS BATTLE TO CONTINUE AGAINST the NATIONAL INTERESTS?"
I THINK TIME HAS COME TO RE-CONSTITUTE THE ENTIRE SEC FOR THE SAKE OF ENTIRE STAKE HOLDERS, specially the 95% who are less affluent, and highly affected by the present SEC, who are very inconsistent and bias.