{"id":10305,"date":"2012-01-13T09:56:22","date_gmt":"2012-01-13T07:56:22","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=10305"},"modified":"2012-01-13T10:53:46","modified_gmt":"2012-01-13T08:53:46","slug":"imkb-aradigi-dopingi-buldu","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/imkb-aradigi-dopingi-buldu\/","title":{"rendered":"\u0130MKB Arad\u0131\u011f\u0131 Dopingi Buldu"},"content":{"rendered":"<p>Piyasalarda olumlu veri ve haberlerin \u00f6n plana \u00e7\u0131kar\u0131ld\u0131\u011f\u0131 bir s\u00fcre\u00e7 ya\u015f\u0131yoruz. D\u00fcn Avrupa taraf\u0131nda \u0130spanya ve \u0130talya\u2019da ger\u00e7ekle\u015ftirilen bor\u00e7lanma ihalelerinde talebin y\u00fcksek faizin d\u00fc\u015f\u00fck \u00e7\u0131kmas\u0131 moralleri y\u00fckseltti. \u0130talya\u2019da 10 y\u0131ll\u0131k tahvil faizleri %6,60 civar\u0131na, \u0130spanya\u2019da ise %5,10 civar\u0131na geriledi. Tahvil ihalelerinin beklentilerden iyi ge\u00e7mesinin ard\u0131nda Avrupa Merkez Bankas\u0131\u2019n\u0131n likiditeyi artt\u0131r\u0131c\u0131 yeni \u00f6nlemler alaca\u011f\u0131 beklentilerinin ger\u00e7ekle\u015fmesi etkili oldu. \u0130lerleyen d\u00f6nemde Avrupa Merkez Bankas\u0131\u2019n\u0131n (AMB) teminat kapsam\u0131n\u0131 geni\u015fletebilece\u011fi, kredileri de teminat olarak kabul edebilece\u011fi, bu durumda ortaya \u00e7\u0131kacak likiditenin bankalar\u0131 ve piyasalar\u0131 ciddi oranda rahatlatabilece\u011fi dile getiriliyor. \u00d6zetle AMB sonunda kendisinden beklenen parasal geni\u015flemeyi \u00e7e\u015fitli formatlarda yapmaya devam ediyor. \u0130yimser havan\u0131n devam edebilmesi de bu s\u00fcrecin devam\u0131na ba\u011fl\u0131.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3750175036\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p><span style=\"color: #0000ff\"><strong>\u0130MKB dopingini buldu:<\/strong><\/span><\/p>\n<p>D\u00fcn gerek strateji b\u00fcltenimizde gerekse de teknik b\u00fcltende \u0130MKB\u2019nin arad\u0131\u011f\u0131 deste\u011fi buldu\u011funu ve g\u00fc\u00e7lenme e\u011filiminde oldu\u011funu dile getirmi\u015ftik. A\u00e7\u0131klanan cari a\u00e7\u0131k rakam\u0131yla birlikte ve Ba\u015fbakan\u2019\u0131n a\u011fz\u0131ndan \u00e7\u0131kan d\u00fc\u015f\u00fck faiz ve b\u00fcy\u00fcmeye devam s\u00f6z\u00fc piyasalar\u0131n arad\u0131\u011f\u0131 dopingdi. Moody\u2019s ve Fitch\u2019den gelen a\u00e7\u0131klamalarda da k\u0131sa vadede not indirimi olmayaca\u011f\u0131 imas\u0131n\u0131n yer almas\u0131 da bu olumlu havay\u0131 destekleyen di\u011fer bir etkendi. T\u00fcm bu geli\u015fmeler uzunca bir s\u00fcredir yurtd\u0131\u015f\u0131 piyasalardan negatif ayr\u0131\u015fan \u0130MKB\u2019nin iki g\u00fcnd\u00fcr pozitif ayt\u0131\u015fmas\u0131nda etkili. Yak\u0131n bir zaman diliminde de dengenin sa\u011flanmas\u0131yla birlikte k\u0131sa vadede korelasyon sa\u011flan\u0131r d\u00fc\u015f\u00fcncesindeyiz. Buna kar\u015f\u0131n orta ve uzun vade i\u00e7in \u0130MKB\u2019nin yurtd\u0131\u015f\u0131 piyasalar\u0131 underperform etmesi i\u00e7in hala b\u00fcy\u00fck riskler mevcut. Bu risklere hafta ba\u015f\u0131nda \u201cHaftal\u0131k Strateji B\u00fclteni\u201dmizde ayr\u0131nt\u0131l\u0131 bir \u015fekilde de\u011findi\u011fimiz i\u00e7in tekrar bu konulara girmiyoruz. Buna kar\u015f\u0131n biz orta ve uzun vadeli riskleri bir kenara yazmak kayd\u0131yla k\u0131sa vadede ba\u015flayan bu iyimserlikten yararlanma taraftar\u0131y\u0131z, fakat uzun soluklu bir ralli beklentisi i\u00e7inde de de\u011filiz.<\/p>\n<p><span style=\"color: #0000ff\"><strong>ABD\u2019de yeni parasal geni\u015fleme yolda:<\/strong><\/span><\/p>\n<p>ABD\u2019de FED \u00fcyeleri arka arkaya yeni parasal geni\u015flemeden bahsetmeye ba\u015flad\u0131. \u015euana kadar \u00fcyelerden Evans, Dudley, Rosengren ve Williams parasal geni\u015fleme taraftar\u0131 oldu\u011funu dile getirirken, bug\u00fcn \u0130MKB\u2019de i\u015flemlerin kapal\u0131 oldu\u011fu ak\u015fam saatlerinde konu\u015fmalar\u0131 olan FED \u00fcyeleri Duke, Lacker ve Bullard\u2019\u0131n konu\u015fmalar\u0131nda parasal geni\u015fleme ifadesi aranacak. \u015euan kadarki g\u00f6r\u00fcn\u00fcm ABD\u2019de ad\u0131 3. Parasal geni\u015fleme (QE3) mi olur bilinmez ama bir parasal geni\u015flemenin ka\u00e7\u0131n\u0131lmaz olu\u011fu y\u00f6n\u00fcnde. Bu da ABD hisse senedi endeksleri ba\u015fta olmak \u00fczere t\u00fcm k\u00fcrede pozitif hava estirecektir.<\/p>\n<p><span style=\"color: #0000ff\"><strong>JP Morgan bilan\u00e7o a\u00e7\u0131kl\u0131yor:<\/strong><\/span><\/p>\n<p>G\u00fcn\u00fcn \u00f6nemli verisi; TS\u0130 14:30\u2019da a\u00e7\u0131klamas\u0131 beklenen JP Morgan\u2019\u0131n 4. \u00e7eyrek bilan\u00e7osu. Beklenti 90-95 cent aras\u0131nda de\u011fi\u015fiyor. ABD\u2019de ilk finansal bilan\u00e7o olmas\u0131 bak\u0131m\u0131nda \u00f6nemli. Piyasalar \u00fczerinde etkisi olabilir.<\/p>\n<p><strong>MARBA\u015e Menkul De\u011ferler taraf\u0131ndan haz\u0131rlanan b\u00fclten ve yorumlar\u0131 Twitterdan takip etmek isteyenler i\u00e7in adresimiz: <\/strong><a href=\"https:\/\/twitter.com\/#!\/MARBAS_MENKUL\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener\">https:\/\/twitter.com\/#!\/MARBAS_MENKUL<\/a><\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1420291640\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"3167340272\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p><strong>\u00dczeyir DO\u011eAN \/ Ara\u015ft\u0131rma M\u00fcd\u00fcr\u00fc<br \/>\n<\/strong><strong>MARBA\u015e Menkul De\u011ferler<br \/>\n<\/strong><strong><a href=\"mailto:uzeyir.dogan@marbasmenkul.com.tr\">uzeyir.dogan@marbasmenkul.com.tr<br \/>\n<\/a><\/strong><strong>0212 286 30 00 (pbx)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Piyasalarda olumlu veri ve haberlerin \u00f6n plana \u00e7\u0131kar\u0131ld\u0131\u011f\u0131 bir s\u00fcre\u00e7 ya\u015f\u0131yoruz. D\u00fcn Avrupa taraf\u0131nda \u0130spanya ve \u0130talya\u2019da ger\u00e7ekle\u015ftirilen bor\u00e7lanma ihalelerinde talebin y\u00fcksek faizin d\u00fc\u015f\u00fck \u00e7\u0131kmas\u0131&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/10305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=10305"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/10305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/4711"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=10305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=10305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=10305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}