Friday, July 20, 2012
Not again – interference from the top in the Stock Market!
We will see later today, another attempt by the President to do what he is best at micro manage every aspect of life in Sri Lanka. In simple words, interference in something he knows nothing about.
He has called a meeting of Stock Brokers and High Networth Investors today, to see what he can do to bring life back to a dead market. Who killed the market? The very selfish people who will be present round the table. They have been the ones affected recently due to their selfishness, and so it is only in their interests to again run circles round the national busybody to get what they want. Not what the country wants nor what is best for the Country. These are the financial backers of the administration, as they have profited greatly so far from the administration. It is another case of I scratch your back you scratch mine.
The fact is that the majority of the small investors who were lured into the Stock Market by stories of riches, but who really did not know about valuations, were hoodwinked by greedy brokers who only make money when they either buy or sell our shares, into investing their hard earned savings. They have all lost all their money and are in deep shit. Nothing is going to revive them. So the President, in not meeting any of them is clearly sending a message to the Nation, I am going to screw you further by helping my rich friends to do it for me! Well my friends these investors have no money to put in the market.
So we come to the master manipulation of history. Shall we use the EPF money to give the market a push? After all the SL Market is small and illiquid. All it takes is a few bucks to liven it, raise it and go in for another pump and dump exercise this time at the expense again of the EPF only as there will be no more life in the rest of the country to join in the craze, as people are struggling to make ends meet, let alone invest in the market.
I do not know what game is planned by the likes of the master manipulators. I just wish the people are now wise to the antics of the cabal that rules this place. NOTHING in their past has indicated any confidence in their actions for the future. Therefore it is hard to accept that this time it will be different.
Leopards do not change their spots, they just become hungrier and angrier and fiercer and nastier and it is time we threw them all out!!!