Panic in Pakistan, World Next? :: Bull! Not bull :: The bull market is dead! Long live the bull market!

Panic in Pakistan, World Next? :: Bull! Not bull :: The bull market is dead! Long live the bull market!: "An article in the Pakistan Daily Times states that now that the market has peaked, a consensus has emerged in Pakistan that the KSE was the most manipulated stock market in the world, a gamblers' house rather than a place for investment. In a familiar echo of the NASDAQ bust of 2000, investors criticized big brokerage houses for not serving the interests of small shareholders. According to the article, up to 98% of investors are illiterate and totally dependant on the trends exhibited by large investors rather than calculating the risk factor on their own. Needless to say, the last place illiterate investors belong are in a speculative market, yet that is precisely the type of activity that attracts the uneducated masses, leading to just such a mania. "