Uri Ben Dov, CEO of IBI Funds, expresses his pessimism regarding the future of the Tel Aviv stock exchange and real estate in Israel. Following the recent elections, the stock market has experienced sharp declines, particularly in the construction and real estate sectors, but Ben Dov claims that the stock exchange is unattractive even unrelated to the election results. He notes that historical multiples in Israel are high, indicating potential for further decline. In the real estate sector, he describes the situation as "dead" and points to an oversupply of apartments, with about 85,000 unsold units. Ben Dov estimates that the market will continue to face difficulties in the coming years, with political scenarios not affecting investments. He recommends investors diversify their investments between stock markets in Israel and abroad, emphasizing the need to focus on the quality of companies rather than just multiples. Ben Dov concludes that the current situation requires great caution in investments, especially in the real estate sector.