{"id":13192,"date":"2012-03-22T09:48:26","date_gmt":"2012-03-22T07:48:26","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=13192"},"modified":"2012-03-22T09:48:26","modified_gmt":"2012-03-22T07:48:26","slug":"sikisma-netlesti-karar-sureci-devam-ediyor","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/sikisma-netlesti-karar-sureci-devam-ediyor\/","title":{"rendered":"S\u0131k\u0131\u015fma netle\u015fti, karar s\u00fcreci devam ediyor"},"content":{"rendered":"<p style=\"text-align: justify\" align=\"center\"><strong><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: small\"><span style=\"font-family: Calibri\">D\u00fcn yeni say\u0131labilecek tek geli\u015fme TCMB Ba\u015fkan\u0131 Say\u0131n Erdem Ba\u015f\u00e7\u0131\u2019n\u0131n a\u00e7\u0131klamalar\u0131 oldu. Ba\u015f\u00e7\u0131, enflasyon vurgusunu \u00f6n plana \u00e7\u0131kar\u0131rken enflasyonu %5 hedefine d\u00fc\u015f\u00fcrmek i\u00e7in ne gerekiyorsa yap\u0131laca\u011f\u0131n\u0131 dile getirdi. Bunun i\u00e7in gerekli parasal s\u0131k\u0131la\u015ft\u0131rman\u0131n yeterli miktarda ve gerekti\u011fi s\u00fcrece yap\u0131laca\u011f\u0131n\u0131 ifade eden Ba\u015f\u00e7\u0131, bu s\u0131k\u0131la\u015ft\u0131rmay\u0131 yaparken bankalara zarar verilmeyece\u011fini, bunu yapmak i\u00e7in gerekli imkanlar\u0131n\u0131n var oldu\u011funu dile getirdi. Anacak bu imkanlar\u0131n neler oldu\u011fu \u00fczerinde \u00e7ok fazla durulmad\u0131. \u015euan i\u00e7in enflasyon \u00fczerinde en b\u00fcy\u00fck tehdit enerji fiyatlar\u0131 ve kurlar. TCMB\u2019nin enerji fiyatlar\u0131 \u00fczerinde bir etkisinin olmayaca\u011f\u0131n\u0131 g\u00f6z \u00f6n\u00fcnde bulundurursak, kurlar ve i\u00e7 talebi k\u0131sacak geli\u015fmelere odaklan\u0131lacakt\u0131r demektir. Burada daha \u00f6nceki politikalarda kurlar \u00fczerinde do\u011frudan m\u00fcdahale ve TL fonlama maliyetlerinin art\u0131r\u0131lmas\u0131 se\u00e7enekler aras\u0131nda. Fakat azalan rezervleri g\u00f6z \u00f6n\u00fcnde bulundurdu\u011fumuzda do\u011frudan m\u00fcdahale se\u00e7ene\u011finin ikinci planda kalaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. TL fonlama maliyetlerinin art\u0131r\u0131lmas\u0131 da bankalara zarar verecektir. Bu denge nas\u0131l sa\u011flanacak, al\u0131\u015f\u0131k olmad\u0131\u011f\u0131m\u0131z yeni bir politika m\u0131 izlenecek ki, Say\u0131n Ba\u015f\u00e7\u0131\u2019n\u0131n a\u00e7\u0131klamalar\u0131 da bu y\u00f6nde, bunu da ilerleyen g\u00fcnlerde g\u00f6r\u00fcp de\u011ferlendirece\u011fiz. \u015euan i\u00e7in TCMB\u2019nin elini rahatlatacak en \u00f6nemli etkenin enerji fiyatlar\u0131nda h\u0131zl\u0131 bir d\u00fczeltme ve dolar\u0131n t\u00fcm d\u00fcnyada yeniden de\u011fer kayb\u0131 ya\u015famas\u0131 olaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Bunlar ger\u00e7ekle\u015fecek olursa TCMB\u2019nin \u00e7ok fazla \u00e7aba g\u00f6stermesine gerek kalmayabilir. <\/span><\/span><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1378628535\"><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 style=\"text-align: justify\"><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">Veri takvimi \u00f6nemli<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\"><span style=\"font-size: small\">Y\u00fcksek petrol fiyatlar\u0131na ve artan kurlara kar\u015f\u0131n \u0130MKB\u2019nin \u015fuan kadar g\u00fc\u00e7l\u00fc durmas\u0131 dikkat \u00e7ekiyor. Fakat bu iki etkenden biri ya da ikisi birden yeni bir yukar\u0131 y\u00f6nl\u00fc hareket ger\u00e7ekle\u015ftirse \u0130MKB\u2019nin bu bask\u0131ya uzun s\u00fcre dayanamayaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Bu nedenle son g\u00fcnlerde vurgulad\u0131\u011f\u0131m\u0131z \u00fczere bu iki etkeni daha dikkatli takip etmeye devam ediyoruz. Bug\u00fcn olduk\u00e7a yo\u011fun bir veri g\u00fcndemi var. G\u00fcn\u00fcn ilk yar\u0131s\u0131nda Almanya ve AB\u2019den gelecek PMI verilerini takip ediyor olaca\u011f\u0131z. Bu veriler AB\u2019de toparlanma beklentisi i\u00e7inde olanlar i\u00e7in \u00f6nemli \u00f6nc\u00fc g\u00f6stergeler. \u00a0\u00d6\u011fleden sonra ise ABD haftal\u0131k i\u015fsizlik ba\u015fvurular\u0131 ve \u015fubat ay\u0131 \u00f6nc\u00fc g\u00f6stergeleri ile AB t\u00fcketici g\u00fcven endeksini takip edece\u011fiz. Ak\u015fam biz kapand\u0131ktan sonra ise Bernanke\u2019nin a\u00e7\u0131klamalar\u0131 \u00f6nemli olacakt\u0131r. <\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">\u0130MKB bask\u0131ya ra\u011fmen iyi dayan\u0131yor<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: small\"><span style=\"font-family: Calibri\">\u0130MKB 100 endeksinde 61,750-62,900 aral\u0131\u011f\u0131nda olu\u015fan hareket bug\u00fcn de takip edilecektir. Endeks bu seviyelerden birini k\u0131rana kadar g\u00fcn i\u00e7i k\u0131sa vadeli i\u015flemlerde bu band\u0131n dikkate al\u0131nmas\u0131 gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. D\u00fcnk\u00fc yorumumuzda da vurgulad\u0131\u011f\u0131m\u0131z \u00fczere endeksteki son birka\u00e7 g\u00fcn i\u00e7inde olu\u015fan g\u00f6r\u00fcn\u00fcm bir dinlenme veya karar verme s\u00fcreci ya\u015fand\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu seviyelerden birinin k\u0131r\u0131lmas\u0131yla birlikte bu s\u00fcrecin sonlanaca\u011f\u0131n\u0131 ve endeksin kendine bir y\u00f6n tayin edece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. Endeks bu seviyelerden birini a\u015fa\u011f\u0131 ya da yukar\u0131 zorlarken takip edilecek en \u00f6nemli g\u00f6sterge hacim olacakt\u0131r. Hacim deste\u011fi ile gelecek bir k\u0131r\u0131lma hareketin h\u0131zl\u0131 ve sert olmas\u0131n\u0131 sa\u011flayabilir. Aksi takdirde yeniden band i\u00e7ine giri\u015f ya\u015fanabilir. \u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">\u00dczeyir DO\u011eAN \/ Ara\u015ft\u0131rma M\u00fcd\u00fcr\u00fc<br \/>\n<\/span><\/span><\/strong><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">MARBA\u015e Menkul De\u011ferler<br \/>\n<\/span><\/span><\/strong><strong><a href=\"mailto:uzeyir.dogan@marbasmenkul.com.tr\"><span style=\"font-family: Calibri;font-size: small\">uzeyir.dogan@marbasmenkul.com.tr<\/span><\/a><br \/>\n<\/strong><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">Telefon: (0212) 286 30 00<\/span><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>D\u00fcn yeni say\u0131labilecek tek geli\u015fme TCMB Ba\u015fkan\u0131 Say\u0131n Erdem Ba\u015f\u00e7\u0131\u2019n\u0131n a\u00e7\u0131klamalar\u0131 oldu. Ba\u015f\u00e7\u0131, enflasyon vurgusunu \u00f6n plana \u00e7\u0131kar\u0131rken enflasyonu %5 hedefine d\u00fc\u015f\u00fcrmek i\u00e7in ne gerekiyorsa&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-13192","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\/13192","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=13192"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/13192\/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=13192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=13192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=13192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}