The Israeli regulator has ordered large corporations to divest financial activities. Mutual funds are ordered to hold only supersafe AA+ papers and are forbidden to own the 5 largest corporation papers. The government is dead afraid that the value of the public's savings should go down and they lose the elections. The outcome: mutual and retirement funds are forced to sell everything they have on the TASE and have to diversify into more "safe" assets like T bills. The bourse is sinking like the Titanic.
2 comments:
it's called a buying opportunity.
Rejoice.
Anon.
Those who have cash should rejoice. I have stock.
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