Market lacking something

EquityChamp · 1 Market lacking something Mon Jun 06, 2016 2:34 pm

EquityChamp

Moderator

Posts : 4068
Equity Stars : 15420
Reputation : 1014
Join date : 2014-11-05

What is it. Though we can see that market is consolidating I feel a steep drop within a one day, may be 100 points, is very soon. This is only my gut feeling. Embarassed

Novice Learner · 2 Re: Market lacking something Mon Jun 06, 2016 2:58 pm

Novice Learner

Equity Analytic

Posts : 35
Equity Stars : 2954
Reputation : 3
Join date : 2016-05-04

May be lack of foreign inflows. I think investors are also worried about rising interest rates

nirowat · 3 Re: Market lacking something Mon Jun 06, 2016 4:01 pm

nirowat

Manager - Equity Analytics

Posts : 173
Equity Stars : 4574
Reputation : 6
Join date : 2012-05-04

Greed and fear is what is governing the market.

I agree with EC that soon Fear will take over and those who were too greedy lately will let go soon.

For those who have cash and hold this will be a gold mine.

Personall collecting UBC, SHL, ACL, RCL and COMB. This is not a promotion or a recommendation but just sharing info.

Mubin Mustafa · 4 Re: Market lacking something Mon Jun 06, 2016 4:08 pm

Mubin Mustafa

Assistant Vice President - Equity Analytics

Posts : 882
Equity Stars : 4569
Reputation : 32
Join date : 2015-11-19
Age : 64
Location : Yemen

Nothing to worry..market will recover..as novise told lack of forie inflow dull the market...

EquityChamp · 5 Re: Market lacking something Tue Jun 07, 2016 2:23 pm

EquityChamp

Moderator

Posts : 4068
Equity Stars : 15420
Reputation : 1014
Join date : 2014-11-05

Really lacking something. Otherwise ASPI should close to 6600 by now not hoovering around 6500. The more this stagnation the more chances for a steep drop within a day.

charith666lk · 6 Re: Market lacking something Tue Jun 07, 2016 2:39 pm

charith666lk

Senior Manager - Equity Analytics

Posts : 407
Equity Stars : 3797
Reputation : 16
Join date : 2015-03-11

EquityChamp wrote:Really lacking something. Otherwise ASPI should close to 6600 by now not hoovering around 6500. The more this stagnation the more chances for a steep drop within a day.

if that happen, will have some good chance to grab value shares at a lower price..

worthiness · 7 Re: Market lacking something Tue Jun 07, 2016 5:47 pm

worthiness

Senior Vice President - Equity Analytics

Posts : 2577
Equity Stars : 8933
Reputation : 115
Join date : 2011-04-08

High end investors keep away from market due to forked complexities. Non ending tax revisions, policy decisions, administrative hiccups, political inference, monetary gaps etc..pull the market back. Slow progress market is entangled with number of drivers that cannot be measured individually.

EquityChamp · 8 Re: Market lacking something Thu Jun 09, 2016 10:23 am

EquityChamp

Moderator

Posts : 4068
Equity Stars : 15420
Reputation : 1014
Join date : 2014-11-05

Market surely lacking something or being pulled down by force. Every single day of this month market starts with a gusty power but ends up like a no air balloon. Today also I am seeing the same. Sad