ASI fell below 2017 lows, now heading towards 2016 lows........

Many did not want to see what's happening to the Stock Market right now. So many Traders and Investors are running miles away from the market already. So many big names are not to be seen, as if they have gone out of the country, or hiding. The way things are unfolding it is most likely that the Index will test the lows of 2016, around 5800 points. Any stop and reverse at that will be a relief, but for how long. Some are thinking that the fall is due to the USD hitting higher against the LKR. But then how come the Indian Stock Market is following the Dow? Indian rupee has fallen 17%, while the LKR has fallen only 7%. The valuations of the Colombo Stocks are laughing, but no one wants to invest, NOT EVEN THE LOCAL FUNDS. When the big traders or investors are not in the market, even the small timers won't, WHY? because they are copy cats!!! Today the Politicians are telling how the funds should invest, as if they have made this country prosperous except themselves. If one was following stop loss the damage would have been so low, but how many did? Many are not bold enough, and have no back bone to do so. Do not ignore the market as the more the market falls the more valuable the stocks are going to be. Let's see how many would be bold enough to do so.......