When the market is low such news (rate cut) push up the stocks a great deal. But now, when the bourse is scraping its highs, it is hard to spark up more than a short-term trend.
More Quotes from Marcos Basaglia:
No one really expected a lower rate. It's just that, in the absence of good news, a flat rate added to the profit taking.Marcos Basaglia
The market is scared with the embezzlement scandal. Volume was ridiculously small. If it continues like that tomorrow, the market may tumble.
Marcos Basaglia
The telephone stocks had a good run at the start of the week, so investors are taking their profits.
Marcos Basaglia
There is a lack of volume, a lack of interest, a lack of liquidity at this level. The market is well apathetic.
Marcos Basaglia
The problem is that all those shares had already risen enough. People who bought them now keep asking 'Why our stocks are not growing' - and they are not rising exactly because those people already bought them. The price is high.
Marcos Basaglia
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