The SA market is so cheap that it is still
If enough votes turn out to be negative, markets will follow suit over the short term, and if sentiment turns positive, markets will run like the flock did in the sheep pen. Without going into too much detail regarding my opinion, I found the answer in the sheep pen and in Graham’s voting machine. When we look back on the IMF’s historic forecasts for the South African economy, you can see why the JSE most likely went through some rough waters in the past.
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