This has certainly been an exceptional year. The index surged to record highs that no one had expected.

This is a mistake and a sort of political gamble more than being a wise move.

Yes, there was an improvement earlier this month and things seemed flat.

It's still early to call it a crash. The indices are expected to rebound slightly sometime soon, but this appears to be a long-term correction cycle. It may continue for two years.

I think the market is witnessing a snowball effect with many investors, who are basically speculating, preferring to sell rather than hold on to their stocks.

This has certainly been an exceptional year. The index surged to record highs that no one had expected. High oil prices played a pivotal role in the market's magnificent run, as they did in stock markets in neighboring oil-rich Gulf States.