Never Scream Sell in GCC!
Date : 13/08/2012
Author: M.R. Raghu & Humoud Al Sabah
Since 2010, analysts scream either a buy or hold nearly 90% of the time. In the 2.5 years of study, only during 2H 2010 the market turned reasonably positive validating the scream. In all the other cases, the market movement was totally in contrast to the scream, especially during 2H 2011 when markets tanked 8.2% while 96% of recommendations were either buy or hold. This applies even at stock specific levels.
Tags: GCC Markets, KSE, Stock Market
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