{"id":16500,"date":"2012-06-11T08:42:03","date_gmt":"2012-06-11T06:42:03","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=16500"},"modified":"2012-06-11T08:45:16","modified_gmt":"2012-06-11T06:45:16","slug":"yasasin-ispanyada-kurtarilmak-zorunda-kaldi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/yasasin-ispanyada-kurtarilmak-zorunda-kaldi\/","title":{"rendered":"Ya\u015fas\u0131n!!! \u0130spanya da kurtar\u0131lmak zorunda kald\u0131"},"content":{"rendered":"<p style=\"text-align: justify\">Haftaya Euro b\u00f6lgesi Maliye Bakanlar\u0131\u2019n\u0131n \u0130spanya\u2019ya 100 milyar Euro kredi verilmesi konusunda anla\u015ft\u0131klar\u0131 haberi ile b\u00fcy\u00fck bir co\u015fkuyla ba\u015flad\u0131k. Piyasalar\u0131n bu t\u00fcr kurtarma ve yard\u0131m haberlerine ilk reaksiyonun her zaman olumlu oldu\u011funu g\u00f6rd\u00fck g\u00f6rmeye de devam ediyoruz. Fakat \u00e7ok ge\u00e7meden paketin b\u00fcy\u00fckl\u00fc\u011f\u00fcnden, s\u00fcresine, kullan\u0131m \u015fekline ve as\u0131l ihtiya\u00e7 duyulan miktara kadar bir\u00e7ok konunun tart\u0131\u015fmaya a\u00e7\u0131laca\u011f\u0131n\u0131 g\u00f6rece\u011fimizi d\u00fc\u015f\u00fcn\u00fcyoruz. Asl\u0131na bak\u0131l\u0131rsa \u0130rlanda, Portekiz, Yunanistan derken \u015fimdide \u0130spanya\u2019n\u0131n kurtar\u0131lmaya muhta\u00e7 kalmas\u0131 \u00e7ok da sevinilecek bir haber de\u011fil. Fakat ba\u015fta da de\u011findi\u011fimiz gibi kurtarma haberlerinin ilk etkisinin olumlu olmas\u0131 gayet normal. Biz piyasa sevinecek ba\u015fka bir \u015fey bulamazsa \u0130spanya kaynakl\u0131 bu olumlu havan\u0131n etkisinin \u00e7ok uzun s\u00fcrmeyece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-578684900\"><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>\u00d6nemli diren\u00e7ler zorlan\u0131yor<\/strong><\/p>\n<p style=\"text-align: justify\">FED ve ECB\u2019den yeni parasal geni\u015fleme gelece\u011fi beklentisi, ge\u00e7ti\u011fimiz hafta bir\u00e7ok \u00fcr\u00fcnde ilk kademede \u00f6nemli diren\u00e7 olu\u015fumu beklenen seviyelere gelinmesini sa\u011flad\u0131. Fakat hem Fed Ba\u015fkan\u0131 Bernanke hem de ECB ba\u015fkan\u0131 Draghi ge\u00e7ti\u011fimiz hafta yapt\u0131klar\u0131 a\u00e7\u0131klamada bu konuya \u00e7ok fazla a\u00e7\u0131kl\u0131k getirmediler. ECB Ba\u015fkan\u0131 Draghi\u2019nin \u00c7ar\u015famba g\u00fcn\u00fc yapm\u0131\u015f oldu\u011fu a\u00e7\u0131klamadan, ECB\u2019nin siyasilerden bir ad\u0131m g\u00f6rmek istedi\u011fini ortaya koydu. Hafta i\u00e7inde Fed \u00fcyelerinden gelen a\u00e7\u0131klamalar ise olduk\u00e7a kar\u0131\u015f\u0131kt\u0131. Fed \u00fcyelerinden Fed\u2019in bilan\u00e7o b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc riskli bulanlar oldu\u011fu gibi parasal geni\u015flemeden bahsedebilmek i\u00e7in birka\u00e7 ay daha verileri takip etmek gerekli diyen de mevcut. Bunun yan\u0131nda \u00f6zellikle Euro Krizi\u2019nin derinle\u015fmesi durumunda Fed\u2019in gerekli ad\u0131mlar\u0131 ataca\u011f\u0131n\u0131 dile getirenler de mevcut. Per\u015fembe g\u00fcn\u00fc Fed Ba\u015fkan\u0131 Bernanke\u2019nin yapt\u0131\u011f\u0131 a\u00e7\u0131klamalarda ise parasal geni\u015flemeye dair net mesajlar g\u00f6remedik.<\/p>\n<p style=\"text-align: justify\"><strong>IMF\u2019ten \u00f6vg\u00fc var<\/strong><\/p>\n<p style=\"text-align: justify\">IMF heyeti T\u00fcrkiye\u2019ye yapt\u0131\u011f\u0131 \u00e7al\u0131\u015fma ziyareti sonras\u0131nda yapt\u0131\u011f\u0131 bas\u0131n toplant\u0131s\u0131nda T\u00fcrk ekonomisinin Euro b\u00f6lgesindeki artan gerginli\u011fe ve geli\u015fmi\u015f \u00fclkelerdeki zay\u0131f iyile\u015fmeye kar\u015f\u0131n dayan\u0131kl\u0131l\u0131k g\u00f6stermi\u015ftir ifadesine yer verildi. Ancak a\u00e7\u0131klaman\u0131n devam\u0131nda azalmakla birlikte k\u0131r\u0131lganl\u0131klar\u0131n devam etti\u011fi vurgusu da yap\u0131ld\u0131. 2011 y\u0131l\u0131n\u0131n ikinci yar\u0131s\u0131ndan beri uygulanan makro ekonomik politikalardaki s\u0131k\u0131la\u015ft\u0131rmay\u0131 yerinde bulan IMF, bunun i\u00e7 talebi yava\u015flatma etkili oldu\u011funu belirtti. Ekonominin yumu\u015fak ini\u015fe do\u011fru yava\u015flad\u0131\u011f\u0131n\u0131 vurgulayan IMF, bunun son iki y\u0131lda olu\u015fan dengesizlikleri de d\u00fczeltmeye yard\u0131mc\u0131 oldu\u011funu vurgulad\u0131. Ayr\u0131ca g\u00fc\u00e7l\u00fc kamu sekt\u00f6r\u00fc bilan\u00e7osunun, konjonkt\u00fcr kar\u015f\u0131t\u0131 politika uygulamak i\u00e7in imkan tan\u0131d\u0131\u011f\u0131 vurguland\u0131. \u00d6zetle IMF 2011 y\u0131l\u0131n\u0131n ikinci yar\u0131s\u0131ndan itibaren s\u00fcrd\u00fcr\u00fclen politikalar\u0131n ba\u015far\u0131l\u0131 sonu\u00e7lar verdi\u011fini ve ileride global \u00f6l\u00e7\u00fcde ya\u015fanabilecek dengesizliklere kar\u015f\u0131 ekonomi y\u00f6netiminin elinin kuvvetli oldu\u011funu vurgulad\u0131. Bu a\u00e7\u0131klamalar Cuma g\u00fcn\u00fc yurti\u00e7i piyasalar\u0131n d\u0131\u015far\u0131dan pozitif ayr\u0131\u015fmas\u0131n\u0131 sa\u011flad\u0131. A\u00e7\u0131klamalar\u0131 olumlu bulmakla birlikte bu ayr\u0131\u015fman\u0131n uzun soluklu olma ihtimalini d\u00fc\u015f\u00fck g\u00f6r\u00fcyoruz. Yurtd\u0131\u015f\u0131 piyasalar bu hafta Euro B\u00f6lgesi\u2019ne y\u00f6nelik endi\u015feleri fiyatlamay\u0131 tercih edecek olursa, i\u00e7eride de havan\u0131n h\u0131zla bozuldu\u011funu g\u00f6rebiliriz. Aksi durumda yani yurtd\u0131\u015f\u0131 piyasalar da bir toparlanma s\u00fcrecine girecek olursa yurti\u00e7i piyasalardaki toparlanma daha h\u0131zl\u0131 da olabilir.<\/p>\n<p style=\"text-align: justify\"><strong>Cari A\u00e7\u0131k 70 milyar dolar\u0131n alt\u0131na d\u00fc\u015fecek umudu<\/strong><\/p>\n<p style=\"text-align: justify\">Cuma g\u00fcn\u00fc yurti\u00e7i piyasalar\u0131n d\u0131\u015far\u0131ndan pozitif ayr\u0131\u015fmas\u0131nda bug\u00fcn a\u00e7\u0131klanacak cari a\u00e7\u0131k beklentisinin de etkili oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz. Uzun bir aradan sonra a\u00e7\u0131klanacak nisan ay\u0131 verisiyle birlikte cari a\u00e7\u0131\u011f\u0131n 70 milyar dolar\u0131n alt\u0131na gerilemesi bekleniyor. A\u00e7\u0131klanacak rakam beklentilerin de alt\u0131nda bir a\u00e7\u0131k ifade edecek olursa \u0130MKB bir s\u00fcre daha pozitif ayr\u0131\u015fmaya devam edebilir.<\/p>\n<p style=\"text-align: justify\"><strong>Yunanistan\u2019da se\u00e7im haftas\u0131<\/strong><\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2473653087\"><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 style=\"text-align: justify\">Bu hafta ba\u015fta sanayi \u00fcretimleri olmak \u00fczere a\u00e7\u0131klanacak \u00f6nemli veriler olmas\u0131na kar\u015f\u0131n, piyasalar\u0131n verilere verece\u011fi tepkinin daha s\u0131n\u0131rl\u0131 olaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Ana g\u00fcndem Yunanistan\u2019da 17 Haziran\u2019da yap\u0131lacak se\u00e7imler. Bu konuda ya\u015fanacak geli\u015fmeler haftan\u0131n kaderini belirleyecektir. Yunanistan se\u00e7imleri ile ilgili anket yasa\u011f\u0131 nedeniyle se\u00e7menin e\u011filimi hakk\u0131nda \u00e7ok bilgiyi \u00f6l\u00e7emeyece\u011fiz. Se\u00e7im sonu\u00e7lar\u0131 piyasalarda sert reaksiyon olu\u015fmas\u0131na neden olacakt\u0131r.\u00a0 Bu nedenle bu hafta Cuma g\u00fcn\u00fc sonraki haftaya ta\u015f\u0131nacak pozisyonlar\u0131n riskinin \u00e7ok y\u00fcksek olaca\u011f\u0131n\u0131 belirtelim.<\/p>\n<p style=\"text-align: justify\"><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>Telefon: (0212) 286 30 00<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Haftaya Euro b\u00f6lgesi Maliye Bakanlar\u0131\u2019n\u0131n \u0130spanya\u2019ya 100 milyar Euro kredi verilmesi konusunda anla\u015ft\u0131klar\u0131 haberi ile b\u00fcy\u00fck bir co\u015fkuyla ba\u015flad\u0131k. Piyasalar\u0131n bu t\u00fcr kurtarma ve yard\u0131m&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-16500","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\/16500","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=16500"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/16500\/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=16500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=16500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=16500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}