ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Prophets of Doom Ignored

Prophets of Doom Ignored Nishtar STOCK markets have rolled further down and come quite close to the base of the mid-July offensive. Scared by their own shadow, bulls have been on the run hotly chased by bears. Bulls have still to find a haven where they could rest their weary limbs and nurse their wounds. Bears have not missed their chance and have fully exploited the opportunity provided by the ten-day settlement to speculate without having to pay any margins. The market has retraced a little more than one-third of the distance between the year's low in January and the subsequent high ic- corded in the first week of October. But it has still to regain its nerve.

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