{"id":6948,"date":"2011-10-25T09:47:12","date_gmt":"2011-10-25T06:47:12","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=6948"},"modified":"2011-10-25T09:47:12","modified_gmt":"2011-10-25T06:47:12","slug":"yarina-1-kala%e2%80%a6","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/yarina-1-kala%e2%80%a6\/","title":{"rendered":"Yar\u0131na 1 kala\u2026"},"content":{"rendered":"<h1 style=\"text-align: center\" align=\"center\"><span style=\"color: #ff0000\"><strong>Yar\u0131na 1 kala\u2026<\/strong><\/span><\/h1>\n<p style=\"text-align: justify\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Piyasalarda y\u0131l\u0131n geri kalan\u0131n\u0131n nas\u0131l ge\u00e7ece\u011fi muhtemelen yar\u0131n belli olacak. Piyasalar AB\u2019nin bankac\u0131l\u0131k ve PIIGS krizi konusundaki \u00e7\u00f6z\u00fcm karar\u0131na kilitlenmi\u015fken, bir s\u00fcrpriz de TCMB\u2019den geldi. TCMB yar\u0131n 5 maddelik bir eylem plan\u0131 a\u00e7\u0131klayaca\u011f\u0131n\u0131 duyurdu. Plan muhtemelen ciddi \u00f6l\u00e7\u00fcde sorun te\u015fkil etmeye ba\u015flayan cari a\u00e7\u0131k ve enflasyon ile ilgili olacak. Piyasalarda TCMB\u2019nin faiz art\u0131r\u0131m\u0131 ihtimali bile konu\u015fulmaya ba\u015flansa da bizler \u015fu a\u015famada TCMB\u2019nin faiz silah\u0131n\u0131 kullanmama \u0131srar\u0131n\u0131n devam edece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. Di\u011fer taraftan plan\u0131n a\u00e7\u0131klanma saatinin neden \u00c7ar\u015famba g\u00fcn\u00fcne AB karar\u0131 \u00f6ncesine al\u0131nd\u0131\u011f\u0131n\u0131 ise anlayabilmi\u015f de\u011filiz. TCMB\u2019nin d\u0131\u015f \u00e2lemden ba\u011f\u0131ms\u0131z bir politika y\u00fcr\u00fctme niyetinde oldu\u011funu d\u00fc\u015f\u00fcnm\u00fcyoruz. Bu nedenle de yar\u0131n gelecekteki senaryolara kar\u015f\u0131 at\u0131lacak ad\u0131mlar\u0131n yer ald\u0131\u011f\u0131 bir strateji belgesi a\u00e7\u0131klanabilir d\u00fc\u015f\u00fcncesindeyiz. D\u00fcn bu konuda ciddi bir yanl\u0131\u015f anla\u015f\u0131lman\u0131n da oldu\u011funu g\u00f6zlemledik. D\u00fcn kurlarda ya\u015fanan d\u00fc\u015f\u00fc\u015fte TCMB\u2019nin \u00c7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klayaca\u011f\u0131 plan\u0131n etkisi olmu\u015f olsa bile as\u0131l etki yurtd\u0131\u015f\u0131 kaynakl\u0131yd\u0131. Geli\u015fmekte olan \u00fclkelerin bir\u00e7o\u011funda para birimleri TL gibi \u00f6nemli \u00f6l\u00e7\u00fcde de\u011fer kazand\u0131. Bizler kurlar konusunda hala orta ve uzun vadede belirleyici unsurun d\u0131\u015f \u00e2lem olaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Bu nedenle de piyasalar\u0131n kaderinin yar\u0131n ak\u015fam AB\u2019nin alaca\u011f\u0131 karara ba\u011fl\u0131 olaca\u011f\u0131n\u0131, TCMB\u2019nin bunu sadece yava\u015flatabilece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. Bu nedenle \u00f6ncelikle TCMB\u2019nin yar\u0131n yeni bir s\u00fcrpriz yapmamas\u0131n\u0131 ard\u0131ndan da AB\u2019nin bu sefer sorunu \u00e7\u00f6zme iradesi g\u00f6stermesini umuyoruz.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1697309377\"><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\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Teknik olarak son g\u00fcnlerde bahsetti\u011fimiz \u00fc\u00e7gen formasyonu d\u00e2hilindeki hareketler devam ediyor. Bug\u00fcn ve yar\u0131n TCMB ve AB\u2019den gelecek a\u00e7\u0131klamalar \u00f6ncesi ve sonras\u0131nda volatilite \u00e7ok y\u00fcksek seviyelere \u00e7\u0131kabilir. Bu nedenle yat\u0131r\u0131mc\u0131lar\u0131n y\u00fcksek volatilite de y\u00f6netebilecekleri ve stresine katlanabilecekleri kadar pozisyon bulundurmalar\u0131n\u0131 \u00f6neriyoruz.<\/p>\n<p style=\"text-align: justify\"><strong>\u00dczeyir DO\u011eAN<\/strong><strong><br \/>\n<strong>Kapital Menkul De\u011ferler A.\u015e.<\/strong><\/strong><strong><br \/>\n<strong>T\u00fcrev Ara\u00e7lar Birimi \/ Uzman<\/strong><\/strong><br \/>\n<strong>Tel: 0212 330 04 70<\/strong><strong><br \/>\nFax<strong>: 0212 330 0 369<\/strong><\/strong><strong><br \/>\n<strong><a title=\"blocked::http:\/\/www.kapitalmenkul.com.trudogan@kapitalmenkul.com.tr\/\nhttp:\/\/www.kapitalmenkul.com.tr\/\" href=\"http:\/\/www.kapitalmenkul.com.trudogan@kapitalmenkul.com.tr\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener\">www.kapitalmenkul.com.tr<br \/> <\/a><\/strong><\/strong><a title=\"blocked::mailto:udogan@kapitalmenkul.com.tr\nblocked::http:\/\/www.kapitalmenkul.com.trudogan@kapitalmenkul.com.tr\/\nblocked::mailto:udogan@kapitalmenkul.com.tr\nblocked::http:\/\/www.kapitalmenkul.com.trudogan@kapitalmenkul.com.tr\/\" href=\"mailto:udogan@kapitalmenkul.com.tr\"><strong>udogan@kapitalmenkul.com.tr<\/strong><\/a><\/p>\n<p style=\"text-align: justify\">\n<strong>UYARI: <\/strong>Burada yer alan yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131smanl\u0131g\u0131 kapsam\u0131nda degildir. Yat\u0131r\u0131m dan\u0131smanl\u0131g\u0131 hizmeti; Arac\u0131 kurumlar, portf\u00f6y y\u00f6netim sirketleri, mevduat kabul etmeyen bankalar ile m\u00fcsteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131smanl\u0131g\u0131 s\u00f6zlesmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n kisisel g\u00f6r\u00fcslerine dayanmaktad\u0131r. Bu g\u00f6r\u00fcsler, mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar dogurmayabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yar\u0131na 1 kala\u2026 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Piyasalarda y\u0131l\u0131n geri kalan\u0131n\u0131n nas\u0131l ge\u00e7ece\u011fi muhtemelen yar\u0131n belli olacak. Piyasalar AB\u2019nin bankac\u0131l\u0131k ve PIIGS krizi konusundaki \u00e7\u00f6z\u00fcm karar\u0131na kilitlenmi\u015fken, bir&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-6948","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\/6948","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=6948"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/6948\/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=6948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=6948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=6948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}