In Sri Lanka when the election was announced the market kept going down. Why? Don't we trust our political system or do we think that this is the end of stock market?
There is only 2 outcomes in this election. Both the outcomes are good for the market.
1) MR winning - Market will gradually go up and may touch 10,000 in one and half years
2) If MS wins - A UNP backed government is always better choice for the investors. There will be a fast appreciation of ASPI
I don't understand why so much panic is needed when fundamentals are so strong and we can expect better quarterly results from majority of the companies in coming quarters.
Aren't we matured enough like Indian investors or brokers creating panic to buy cheaper?