Getting ready for the sacrifice?

There is an old Wall Street saying: “Bulls make money, bears make money and pigs get slaughtered”
Eid holidays are almost upon us and the stock market seems to have found another gear. Traded volume in the market on Thursday surged passed 550 million, whereas the average turnover has been around 200 million shares over the past year.
However, this influx in volume should not be considered healthy because it is being directed towards a plethora of third tier scrips — stocks which run purely on rumours and have no fundamental aspects are amongst the leading volume makers.
The benchmark KSE-100 index reached a historical level of 40,000 points a couple of weeks ago and since then the index is moving sideways, looking for a direction. The milestone level that was being trumpeted through the media has caught the attention of those looking to make a quick buck.
The idea that there is easy money to be made has brought many to the doors of PSX, who were perhaps previously busy being property agents and are currently bored due to lack of activity in their domain.
Now when a buyer rushes in, drooling with greed, he is spotted. All the old pots and rags of very little value are placed in front of him while items of real value are kept hidden in the closet. Currently those rags are trading as if they have just been unearthed from Mohen Jo Daro.
To create a false sense of value, fake notices and all sorts of fairyland stories are being circulated especially through social media. Everyday there is a new story regarding a cheap stock and it goes up straight from the open.
Sooner or later the music would stop and there would be no new buyer for these dirt stocks.
One fine morning the closet will be open and stocks of real value will again be in the limelight. Panic would set in and we might have another crash-like correction. One thing is for certain though; we will soon be hearing stories of animals being sacrificed.