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Major Asian markets were faring well on March 14th. Similarly western countries experienced 4 week win streak as energy sector is up with global oil price hike.
Contrary to that, ongoing pattern of SL market said to be the recent outcome of downgrading status concluded by international ratings groups. Additionally, poor fiscal consolidation coupled with continuing tax policies keep distracting high end investors.
Is there any validity to say that profit taking has dropped the market today (March 14)? If so, once profit-taking is over market should be in right track again until next profit-taking stage. I guess that the complexities in the market are further aggravating rather resolving. Simply, investors do not want to invest their money in mid to long term. None is capable of concluding what would happen to market in coming weeks to come other than just observation of investors’ appetite.
Contrary to that, ongoing pattern of SL market said to be the recent outcome of downgrading status concluded by international ratings groups. Additionally, poor fiscal consolidation coupled with continuing tax policies keep distracting high end investors.
Is there any validity to say that profit taking has dropped the market today (March 14)? If so, once profit-taking is over market should be in right track again until next profit-taking stage. I guess that the complexities in the market are further aggravating rather resolving. Simply, investors do not want to invest their money in mid to long term. None is capable of concluding what would happen to market in coming weeks to come other than just observation of investors’ appetite.
