Originally Posted by Adv Kabir Sagor:
1.CRR(cash reserve ratio) reduced 0.5 from previous that means 2800 Crore taka as an additional fund will create from tomorrow..
2.About big fund formed by 5 companies headed by ICB will cont inject from tomorrow..
I really don't get it.......
1.
We have heard BB says so many things. BB even went to to the extent of saying that Banks don't have problem with liquidity. But what have we seen in reality? In reality,there is liquidity crisis!
As I am connected to banks and merchant houses,I am aware that banks are still suffering from liquidity problem. Most banks are desperate to have liquidity! All the "talks" that BB does is verbal,there is no written order given to banks by BB about share market till today. Check out your sources!!
BB has been lying all along. So is GOV. Actually,all these lies are pre planned. GOV never had intentions to inject enough enough money in the market. All this time GOV has just tried to consolidate the traders by some fake promises! ]
2.
Regarding the so called big fund,I think everyone should read what ICB says very very carefully. ICB has been talking about this fund for a while now. But in reality,they haven't done that. What is taking them so long??????
Note ICB says that they need approval to form the fund. Here they are again taking time,or trying to make the process lenthgy. The reason is clear.......They are actually trying to give traders hope and thus slow down the fall as always.
Note that ICB doesn't have unlimited amount of money to get the index upto even 8000 points. So,what is the role of ICB actually? Not much. What we have seen in recent past was that whenever ICB or GOV declared such weired things,sellers stopped to sell. And thus,the market had risen 400 or 500 points. But after a couple of days,index again started to fall. Why? Because ICB never actually bought much. It was the traders that made the index ridiculous. ICB wanted to play this again and again.
Important thing is : ICB won't be able to get the market up. EVERYONE HAS TO BECOME BULLISH TO DO GET THE MARKET UP.
Without the help of MB and traders that are staying on sideline now,market won't move much with ICB's help. Tomorrow,we may see rise of Index. But that may not encourage the MB to buy stocks. MBs have their own rules. And they are the real player of the market,not ICB. And MB don't care about what GOV wants,which they have proved already.
One more thing is : why didn't ICB buy all this time with all its strength? Because ICB wanted a bargain price...........LOL.............Now market is at a level of bargain price. So,now ICB is getting active. Why? Because ICB is also a business institution. What I want to mean here is ICB is not our saviors. They are just business machine,and only care about themselves.
Anyway,let's hope things will get better in coming days.
MARKET FORECAST 01.03.2011
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