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It is quite pathetic to see that investors are waiting for market news to move the market.
If the news comes in they jump in like crazy and if there is no sign of news they fear and run away. This is indicating panic and fear amongst market players. In the midst of this saga, intelligent investors are slowly picking up jewels. Day to day news should not impact the market. It is happening more due to panic. Surprising no one talks of the Land Grab Bill much these days and more focus on SEC revamp, Prez taking the controls and cry baby brokers getting the toys they wanted!
However, one should look at things in a positive way and start collecting fundamentally valuable shares and build a good portfolio for the future. Those who have no money must try to rotate their high valued shares with low value promising fundamentally sound sleep well shares.
-The country is growing at 7-8%.
-Banks are going to bring in foreign money to support economic growth.
-Market valuations have improved and become attractive.
-FDI set to increase next year, with stabilisation of inflation, currency and interest rates.
-Tourists likely to exceed 1 million arrivals next year.
-More hotels opening up, Hambantota harbour beginning to move.
-Broker credit is likely to get extended, with removal of price bands, banks lending more for stocks, revamp of the SEC due soon. (Will dissipate the panic and fear to an extent)
-Infrastructure projects started years ago starting to become reality. eg: Expressway, Hambantota harbour, Katunayake expressway, Colombo harbour expansion, etc..
-Stable political environment.
-Etc Etc..
There are many more positive reasons, other than the SEC and broker issues, for our stocks to start the climb sooner or later. I too believe more correction may occur but this will not last long. One may miss the opportunity. Next few months will show us a direction. Market has stagnated between 6000-7500 points for over 18 months and company earnings have been robust to bring the PE down from 28X in Feb 2011 to current 14X. December results will roll in by mid next month putting the market in a better place than now.
Keep an eye on the market with a positive outlook! Dont think like your broker wants you to think!
Cheers!
If the news comes in they jump in like crazy and if there is no sign of news they fear and run away. This is indicating panic and fear amongst market players. In the midst of this saga, intelligent investors are slowly picking up jewels. Day to day news should not impact the market. It is happening more due to panic. Surprising no one talks of the Land Grab Bill much these days and more focus on SEC revamp, Prez taking the controls and cry baby brokers getting the toys they wanted!
However, one should look at things in a positive way and start collecting fundamentally valuable shares and build a good portfolio for the future. Those who have no money must try to rotate their high valued shares with low value promising fundamentally sound sleep well shares.
-The country is growing at 7-8%.
-Banks are going to bring in foreign money to support economic growth.
-Market valuations have improved and become attractive.
-FDI set to increase next year, with stabilisation of inflation, currency and interest rates.
-Tourists likely to exceed 1 million arrivals next year.
-More hotels opening up, Hambantota harbour beginning to move.
-Broker credit is likely to get extended, with removal of price bands, banks lending more for stocks, revamp of the SEC due soon. (Will dissipate the panic and fear to an extent)
-Infrastructure projects started years ago starting to become reality. eg: Expressway, Hambantota harbour, Katunayake expressway, Colombo harbour expansion, etc..
-Stable political environment.
-Etc Etc..
There are many more positive reasons, other than the SEC and broker issues, for our stocks to start the climb sooner or later. I too believe more correction may occur but this will not last long. One may miss the opportunity. Next few months will show us a direction. Market has stagnated between 6000-7500 points for over 18 months and company earnings have been robust to bring the PE down from 28X in Feb 2011 to current 14X. December results will roll in by mid next month putting the market in a better place than now.
Keep an eye on the market with a positive outlook! Dont think like your broker wants you to think!
Cheers!
