After the 11,000 barrier was achieved last week there were some concerns. |
It was really crazy. Not out of control, but really crazy. |
The market has rallied very fast and has been overbought. |
The market is still expecting some placement by red chip counters. But when you look at the low activity it probably means institutional investors are taking a wait and see, watching attitude. |
This made investors cautious and they decided to unload their holdings ahead of the weekend. |
Today the mid-cap stocks really replaced some of the activities of normal trading. |
We are not so worried by overall developments in Iraq. After yesterday we didn't feel any immediate effect in the financial market. |