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Fear on the Street: Inside the Stock Sell-Off
Rank: Chief Joined: 1/3/2007 Posts: 18,224 Location: Nairobi
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Cde Monomotapa wrote:VituVingiSana wrote:http://www.africareview.com/News/Zimbabwe+torture+camp+discovered/-/979180/1215356/-/8ydm61/-/index.html
Oh, btw... the great savior mugabe runs a torture camp where prisoners are forced to mine diamonds! Please...the mines are now KP Certified and they rake in $$ to increase civil service salos. Hahahaha. Pity, its the army & cronies not ordinary citizens that benefit... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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VituVingiSana wrote:Cde Monomotapa wrote:VituVingiSana wrote:http://www.africareview.com/News/Zimbabwe+torture+camp+discovered/-/979180/1215356/-/8ydm61/-/index.html
Oh, btw... the great savior mugabe runs a torture camp where prisoners are forced to mine diamonds! Please...the mines are now KP Certified and they rake in $$ to increase civil service salos. Hahahaha. Pity, its the army & cronies not ordinary citizens that benefit... The least paid civil servant undr the new economy (post-09) is paid $350 up from $150. That simply means more money running in the economy spurring demand and business/employment oppurtunities for more, cronies inclusive.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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If you look left and right and you are confused...just SELL.
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Rank: New-farer Joined: 1/17/2011 Posts: 26 Location: nairobi kenya
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@Vitumingi.i lyk ur name.Yeah a political crisis is looming and i think we may see another revolution like the arabian one in China.That could be their down fall as a country.But as for now,they are riding high.My friend went today to America to present a paper and we realized we couldnt ask him to bring anything back coz it wld most likely be from China except maybe folk tales (red indian and cowboys tales maybe) and textbook which btw we normally buy subsidized low quality txtbooks with no hardcover from India.
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Rank: Member Joined: 7/12/2011 Posts: 194
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This is what Obeezy (Obama) had to say: "Markets will rise and fall. But this is the United States of America. "No matter what some agency may say, we've always been and always will be a triple-A country." Talk about denial
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kenyainvestor wrote:This is what Obeezy (Obama) had to say: "Markets will rise
and fall. But this is the United States of America.
"No matter what some agency may say, we've always been and always will be a triple-A country."
Talk about denial Plausible deniability - that's the term... See no evil, hear no evil and... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:kenyainvestor wrote:This is what Obeezy (Obama) had to say: "Markets will rise
and fall. But this is the United States of America.
"No matter what some agency may say, we've always been and always will be a triple-A country."
Talk about denial Plausible deniability - that's the term... See no evil, hear no evil and... !! BUST !!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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A lot hopium and ndomm will be peddled by G7 leaders to the citizens now and later.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Confident response from obeezy. Exactly what is needed at a time like this. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 7/12/2011 Posts: 194
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Aguytrying wrote:Confident response from obeezy. Exactly what is needed at a time like this. The markets, of course, will not care about what obeezy has to say
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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FTSE down 4.4% to 4800s. Now in bear territory. Wish I had shorted the index, but I must admit holding cash is now a premium move Sehemu ndio nyumba
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Rank: Chief Joined: 1/3/2007 Posts: 18,224 Location: Nairobi
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Pity the KES is falling faster than the US$. All my gains are coz of my US$ hedged position rather than the KES gains! So much for emerging markets who use local toilet paper currencies! Long live the White & Yellow Man's currencies! Swiss Franc, China Yuan, Indian Rupee, Aus $, etc all showing resilience. Even the $, € & GBP have remained strong vs most African currencies! My Uganda TP is at 2,715, My KES TP is 94.25 & these are against the 'weak' US$...! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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Mainat wrote:FTSE down 4.4% to 4800s. Now in bear territory. Wish I had shorted the index, but I must admit holding cash is now a premium move Right now cash is KING!!
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Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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VituVingiSana wrote:Pity the KES is falling faster than the US$. All my gains are coz of my US$ hedged position rather than the KES gains!
So much for emerging markets who use local toilet paper currencies! Long live the White & Yellow Man's currencies!
Swiss Franc, China Yuan, Indian Rupee, Aus $, etc all showing resilience. Even the $, € & GBP have remained strong vs most African currencies!
My Uganda TP is at 2,715, My KES TP is 94.25 & these are against the 'weak' US$...! I must admit that things have compeletely gone out of hand. What's the implication of this KES TP on fuel prices.......14th is not so far off.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Aguytrying wrote:Confident response from obeezy. Exactly what is needed at a time like this. Just google "Obama blames" the results are quite interesting the guy always finds someone to blame
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Rank: New-farer Joined: 1/17/2011 Posts: 26 Location: nairobi kenya
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@vituvingisana,u even wonder why the Kenyan shilling is loosing against most european countries yet all these countries are stuck and not growing.In Britain for example,Tottenham city is expiriencing riots for some days now because of a suspect killing by police and austerity measures that have led to reduced jobs.Everyway u look at it,all european states are in trouble except Germany.If only the market would correct the exchange rates,or we are importing more thn what we are exporting.Maybe thats the problem
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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KPLC at 17.1  Eveready up 2.63%  Just look at the financials. ALL RED! Cde, Red Nation GOD BLESS YOUR LIFE
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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eish eish....I SEE RED PEOPLE. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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Mainat wrote:FTSE down 4.4% to 4800s. Now in bear territory. Wish I had shorted the index, but I must admit holding cash is now a premium move Not quite boss. The US banks are deciding not to pay any interest rates on deposits. Instead, they will charge you for them! In effect, they are making holding cash to be a losing position. You are better invested elsewhere. I think this is all because the big companies huko have decided not to lend the govt a dime and the governemnt is using banks to force a lending. However, I think not many will lend to a defaulting govt they better invest elsewhere and this is how emerging markets are coming in. Now, IF Kenya gets favourable ratings, woe unto you if the bus leaves you! I Think Therefore I Am
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