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Market Correction!

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Sober		#1 Posted : Tuesday, June 18, 2013 1:19:15 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		Is the market correction coming way too soon? Or what are the factors in play..... here is a couple of examples KCB 36 bob all the way from 42 EQT 31 after hitting 35.75 SAF 6.70 down from 7.30 African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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mibbz		#2 Posted : Tuesday, June 18, 2013 1:24:18 PM
Rank: Member Joined: 2/18/2011 Posts: 448		No,its not a correction;its uncertainity due to the capital gains tax.look at the huge supply in counters like ken re currently at 427500 vs the lower demand at 170,200....
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guru267		#3 Posted : Tuesday, June 18, 2013 1:29:20 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Pretty simple process! 1. US economy improves 2. US Central Bank stops pumping money 3. interest rates rise and US dollar strengthen 4. Carry trade officially dies 5. US fund managers exit emerging and frontier markets including NSE! 6. Emerging and frontier markets sell off including NSE.. Pretty simple! No one should listen to that capital gains mambo jambo! Mark 12:29 Deuteronomy 4:16
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Pesa Nane		#4 Posted : Tuesday, June 18, 2013 1:39:13 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Hail the correction or whatever you want to call it. We could hardly spot any bargains. A further 10 - 15% fall is welcome. Pesa Nane plans to be shilingi when he grows up.
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mibbz		#5 Posted : Tuesday, June 18, 2013 1:40:16 PM
Rank: Member Joined: 2/18/2011 Posts: 448		guru267 wrote: Pretty simple process! 1. US economy improves 2. US Central Bank stops pumping money 3. interest rates rise and US dollar strengthen 4. Carry trade officially dies 5. US fund managers exit emerging and frontier markets including NSE! 6. Emerging and frontier markets sell off including NSE.. Pretty simple! No one should listen to that capital gains mambo jambo! If the fund managers are exiting explain the huge demand in counters like KCB, Safaricom despite the depressed prices?
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guru267		#6 Posted : Tuesday, June 18, 2013 2:00:28 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mibbz wrote: guru267 wrote: Pretty simple process! 1. US economy improves 2. US Central Bank stops pumping money 3. interest rates rise and US dollar strengthen 4. Carry trade officially dies 5. US fund managers exit emerging and frontier markets including NSE! 6. Emerging and frontier markets sell off including NSE.. Pretty simple! No one should listen to that capital gains mambo jambo! If the fund managers are exiting explain the huge demand in counters like KCB, Safaricom despite the depressed prices? And yet the prices still fall... This means there are still NET sellers on those counters! And not every foreign investor is a carry trade investor... Some are with us for the long term! Mark 12:29 Deuteronomy 4:16
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symbols		#7 Posted : Tuesday, June 18, 2013 2:11:34 PM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		guru267 wrote: mibbz wrote: guru267 wrote: Pretty simple process! 1. US economy improves 2. US Central Bank stops pumping money 3. interest rates rise and US dollar strengthen 4. Carry trade officially dies 5. US fund managers exit emerging and frontier markets including NSE! 6. Emerging and frontier markets sell off including NSE.. Pretty simple! No one should listen to that capital gains mambo jambo! If the fund managers are exiting explain the huge demand in counters like KCB, Safaricom despite the depressed prices? And yet the prices still fall... This means there are still NET sellers on those counters! And not every foreign investor is a carry trade investor... Some are with us for the long term! I agree with guru.All eyes on helicopter Ben.Counters like KCB and Scom are also liquid.Easy entry easy exit but are also a means to manipulate the market.If they do well and inspire investor confidence in the NSE,it opens up an opportunity for another round of madness or rope in the 'pigs' for a slaughter if things go south.The CMA report on Q2 will be enlightening.
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maka		#8 Posted : Tuesday, June 18, 2013 4:02:26 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		guru267 wrote: Pretty simple process! 1. US economy improves 2. US Central Bank stops pumping money 3. interest rates rise and US dollar strengthen 4. Carry trade officially dies 5. US fund managers exit emerging and frontier markets including NSE! 6. Emerging and frontier markets sell off including NSE.. Pretty simple! No one should listen to that capital gains mambo jambo! You should be charged with dissemination... possunt quia posse videntur
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symbols		#9 Posted : Tuesday, June 18, 2013 4:19:16 PM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		maka wrote: guru267 wrote: Pretty simple process! 1. US economy improves 2. US Central Bank stops pumping money 3. interest rates rise and US dollar strengthen 4. Carry trade officially dies 5. US fund managers exit emerging and frontier markets including NSE! 6. Emerging and frontier markets sell off including NSE.. Pretty simple! No one should listen to that capital gains mambo jambo! You should be charged with dissemination...
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Realtreaty		#10 Posted : Tuesday, June 18, 2013 5:26:18 PM
Rank: Elder Joined: 8/16/2011 Posts: 2,386		After DVDDs, and the gains(Rally) experienced at year end of most of the stocks we always see a correction as there are net sellers and low demand read KCB, Equity,Britam, K-RE, Coop etc. Those which had no DVDDs but rallied are sliding back to their cocoon prices read sameer, Kenol, Centum etc.Those trading cum DvDDS but gone lower shows lower demand as they have already touched their highs but still people can make money from them read Safcom, Scangroup. The idea is to bring the price down and wait for half year performance from July to September announcements. From Nov. we will the rally call depending on speculation and half year performance.
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