I call them Good Investors and Bad Traders.
This market is suffering as it is explained in so many news papers, web sites, by various individuals is because of these bad traders. Now they are influencing the decision makers to further their intentions. The reason is they have been involved in pushing the prices up and up for them to enjoy super fortunes, super fast. When these people send the market up the stock market has gone up. So the SEC has timely intervened and brought in measures to safeguard the Stock Market. As such the market that went up and up is now coming down and down. Also the news papers, web sites and various people are saying we were the best market in asia in 2009 and 2010. But did the SEC come in to stop a bubble?
I too like to become a long term investor.
In 2008 when the market was down to a p.e of 6 to 7 I couldn't buy because the war was so fears, and there was turmoil in the world. Then in may 2009 the market started going up and it was because we won the war but the company results did not do well. When the companies started doing good the prices have gone thru the roof, so I couldn't buy. In 2009 september or so rajratnam got into a soup. I couldn't buy as the repercussions would have been bad. In 2010 again the market went up when fundamentals were bad, as the central bank was borrowing and the balance of payment was bad. Now that the prices are down and the companies are doing well, the world is bad. Next year things will be worse.
When do you think I can invest?
i