Share market
Wall Street (US Share Market) was regulated and operated by many geniuses (educated in the best Universities of the world). US FED was also headed by an extra ordinary genius like Mr. Greenspan. BUT what we witnessed is that the US stock market plunged in 2008. Before that pundits predicted that the market would remain stable. The current Bangladesh share market can experience huge decline because of 1.Most of the share prices are very high (Do not have support of fundamentals). 2. People who are involved in the market are trying to make quick profit by short trading only. Most of them do not want to hold shares for long. 3. Excess liquidity in the market is also pushing share prices without solid reason (only speculation). Manipulators are active! 4. Our banking and other financial institutions have exposed themselves to risk (by getting involved in speculative share trading now). When the market will crash they will be in serious trouble (Bangladesh Bank must see to this matter). Which will in turn affect the whole economy.
I shall urge all concerned to be more careful and act with prudence to strengthen our share market.
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