Re: KSE's frequent orgasms !
Several words that dont fit into the current situation...."index, market, investor, trader, economy"
The people who lost out in this market backlash deserved it 110%, dare I say. All those working wiht borrowed money never let out a voice when the market climbed from 8000 to 10000 in a matter of days, yet they are smashing car windows, now that the reverse is happening. Theyd be stupid if they didnt see this coming. Gamblers roamed the exchange over the past couple of months, and yesterday, on a sunday of all days, the KSE had a 10 hour badla session, only to bailout these idiots.
I would personally like the market to fall another 1000 points or so, but unfortunately, what that would mean is offloading of a lot more prized stocks for people, apart from the gambled assets, which would constitute a short term crash.
Now after such a big jolt, the board is thinking of abolishing COT, something which should have never been started to begin with.
Bottom line, do not watch the market right now. There is none to speak of. Wait till it settles down completely. And yes, if you have access to funds, this is a great time to invest in some of the sleeper stocks, that have gone down a lot in the past few days because of massive sales that gamblers did in order to cover up their margin calls. So grab up as many big names as you can.