It has been a while since the beginning of 2014. This is a year of surprises. Despite the muted outlook that we had in the beginning of the year, IHSG actually turned out quite well.

Jokowi and the Other Guy

 

There were two big rallies that marked the first half of the year. The first one happened when Jokowi announced that he would run for presidency. The second one happened when Jokowi was expected to win the election. So much euphoria that the market seemed not to care about the true fundamental of the reality. Was this euphoria warranted?

 
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