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guru267
#21 Posted : Wednesday, June 19, 2013 6:12:58 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
kizee1 wrote:
so CgT has no impact whatsoever on our market, yet Feds QE decisions do? SMH!


This is just for you to see NSE is not alone!

www.livemint.com/Money/b...advance.html?facet=print

www.thestockmarketwatch....k-market-crash-deal.html
Mark 12:29
Deuteronomy 4:16
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the deal
#22 Posted : Wednesday, June 19, 2013 8:36:05 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Yesterday when we had the biggest drop in the NSE20 Index this year...foreign investors were net buyers...so stop blaming foreigners...its actually local investors who are torching the NSE...and CGT is the prime reason...cos the JSE has gained 3% since Monday...this has nothing to do with the US stimulus programme...Kenya is a frontier market...its very disconnected from what goes on...on the global arena...the best proxy is SA...for us who trade in that market will tell you so!
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wilyum
#23 Posted : Wednesday, June 19, 2013 10:32:37 AM
Rank: Veteran


Joined: 12/21/2011
Posts: 1,010
how down do we expect it to dip?

is it that time of blood in the streets, for those who were left by some buses to board?
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Ericsson
#24 Posted : Wednesday, June 19, 2013 10:42:53 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
The market is taking an about turn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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King G
#25 Posted : Wednesday, June 19, 2013 10:44:16 AM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
wilyum wrote:
how down do we expect it to dip?

is it that time of blood in the streets, for those who were left by some buses to board?


I don't like what I am seeing. I was hoping for more serious bleeding today ......
Thieves
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kazee
#26 Posted : Wednesday, June 19, 2013 10:49:46 AM
Rank: Member


Joined: 9/18/2006
Posts: 131
King G wrote:
wilyum wrote:
how down do we expect it to dip?

is it that time of blood in the streets, for those who were left by some buses to board?


I don't like what I am seeing. I was hoping for more serious bleeding today ......


Most bluechips have refused to slide further today- Look at Member, mpesa, roar, kenya Re and coop. As someone said here earlier, timing is something no one can ever get right
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symbols
#27 Posted : Wednesday, June 19, 2013 11:33:33 AM
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Joined: 3/19/2013
Posts: 2,552
Ericsson wrote:
The market is taking an about turn


I really don't want it to.At least for a few more days.
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mwekez@ji
#28 Posted : Wednesday, June 19, 2013 11:38:40 AM
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Joined: 5/31/2011
Posts: 5,121
smile
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Ericsson
#29 Posted : Wednesday, June 19, 2013 12:11:58 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@symbols;We are at the dead ball bounce.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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guru267
#30 Posted : Wednesday, June 19, 2013 12:20:03 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
Yesterday when we had the biggest drop in the NSE20 Index this year...foreign investors were net buyers...so stop blaming foreigners...its actually local investors who are torching the NSE...and CGT is the prime reason...cos the JSE has gained 3% since Monday...this has nothing to do with the US stimulus programme...Kenya is a frontier market...its very disconnected from what goes on...on the global arena...the best proxy is SA...for us who trade in that market will tell you so!


@the deal have you ever heard of a time lag?? If global markets recover NSE will recover whether there is CGT or not!
Mark 12:29
Deuteronomy 4:16
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Metasploit
#31 Posted : Wednesday, June 19, 2013 12:20:10 PM
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Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Ericsson wrote:
@symbols;We are at the dead ball bounce.


U meant dead cat bounce.

We are in a bull Market.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#32 Posted : Wednesday, June 19, 2013 12:26:36 PM
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Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
[url=http://http://business.inquirer.net/127697/world-stock-markets-mixed-ahead-of-us-fed-meeting]Markets have gyrated in recent weeks on worries the Fed might choose to start cutting back on the volume of its financial asset purchases, which are intended to encourage spending and investment by helping to keep interest rates low. Investors were spooked when Fed chairman Ben Bernanke suggested the U.S. central bank might ease its aggressive support for the U.S. economy if indicators such as hiring improve[/url]

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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symbols
#33 Posted : Wednesday, June 19, 2013 12:37:13 PM
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Joined: 3/19/2013
Posts: 2,552
Ericsson wrote:
@symbols;We are at the dead ball bounce.


Seems so.Just waiting for tomorrow and Friday after Bernanke.
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kizee1
#34 Posted : Wednesday, June 19, 2013 2:50:28 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
guru267 wrote:
kizee1 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!


the sell off was too rapid, it cannot be precipitated by the factors you have listed some of which are actually erroneous for instance what does a carry trade have to do with equities? US economy recovers? you must be kidding me! Fed stops monetizing and you speak of a recovery??? where are US rates vis a vis frontier?

we would need an event such as a lehmans collapse to see such a rapid exit


@kizee if you can call any of my points above erroneous then your knowledge in economics is pretty wanting! I can't really help with that one Sad

And if you were slightly more exposed you would see other emerging stock markets are also on the decline! Did they also introduce CGT?? smile

How can anyone talk about investors running away from Capital gains tax?? Maybe only Wanjiku would sell for such a reason! Any sophisticated investor knows there is nowhere to run to so they might as well stay put!!


interesting...you dont answer any of my questions then you claim my econ knowledge is wanting and that i am not exposed, meanwhile today the index rebounds somewhat after talk that CgT will not be charged on securities..follow the thread on the CgT discussion and get some insights
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kizee1
#35 Posted : Wednesday, June 19, 2013 3:07:14 PM
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Joined: 9/29/2010
Posts: 679
Location: nairobi
meanwhile...http://www.bloomberg.com/news/2013-06-18/shilling-falls-to-3-month-low-as-kenya-plans-capital-gains-tax.html
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murchr
#36 Posted : Wednesday, June 19, 2013 3:51:28 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
the deal wrote:
Yesterday when we had the biggest drop in the NSE20 Index this year...foreign investors were net buyers...so stop blaming foreigners...its actually local investors who are torching the NSE...and CGT is the prime reason...cos the JSE has gained 3% since Monday...this has nothing to do with the US stimulus programme...Kenya is a frontier market...its very disconnected from what goes on...on the global arena...the best proxy is SA...for us who trade in that market will tell you so!


@deal...Kenian's are a peculiar people..once they detect a market drop they run, without much a thought. Its possible some movement was noted last week and the drop this week is just a reaction to it. Even some wazuans were peeing on their pants on monday
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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murchr
#37 Posted : Wednesday, June 19, 2013 4:05:51 PM
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Joined: 2/26/2012
Posts: 15,980
kizee1 wrote:
meanwhile...http://www.bloomberg.com/news/2013-06-18/shilling-falls-to-3-month-low-as-kenya-plans-capital-gains-tax.html


The writer is a wazuan
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Cde Monomotapa
#38 Posted : Wednesday, June 19, 2013 4:18:53 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Yesterday when we had the biggest drop in the NSE20 Index this year...foreign investors were net buyers...so stop blaming foreigners...its actually local investors who are torching the NSE...and CGT is the prime reason...cos the JSE has gained 3% since Monday...this has nothing to do with the US stimulus programme...Kenya is a frontier market...its very disconnected from what goes on...on the global arena...the best proxy is SA...for us who trade in that market will tell you so!

So when the last foreign withdrawal happened sending Scom from 8 to 2.5, and the NSE down with it, were we any less connected to the GFC or not?
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Cde Monomotapa
#39 Posted : Wednesday, June 19, 2013 4:23:23 PM
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Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
the deal wrote:
Yesterday when we had the biggest drop in the NSE20 Index this year...foreign investors were net buyers...so stop blaming foreigners...its actually local investors who are torching the NSE...and CGT is the prime reason...cos the JSE has gained 3% since Monday...this has nothing to do with the US stimulus programme...Kenya is a frontier market...its very disconnected from what goes on...on the global arena...the best proxy is SA...for us who trade in that market will tell you so!

So when the last foreign withdrawal happened sending Scom from 8 to 2.5, and the NSE down with it, were we any less connected to the GFC or not?

http://www.newera.com.na...onomic-struggle---Nujoma
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maka
#40 Posted : Wednesday, June 19, 2013 4:44:38 PM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
murchr wrote:
the deal wrote:
Yesterday when we had the biggest drop in the NSE20 Index this year...foreign investors were net buyers...so stop blaming foreigners...its actually local investors who are torching the NSE...and CGT is the prime reason...cos the JSE has gained 3% since Monday...this has nothing to do with the US stimulus programme...Kenya is a frontier market...its very disconnected from what goes on...on the global arena...the best proxy is SA...for us who trade in that market will tell you so!


@deal...Kenian's are a peculiar people..once they detect a market drop they run, without much a thought. Its possible some movement was noted last week and the drop this week is just a reaction to it. Even some wazuans were peeing on their pants on monday

very true most peeps dont apply the principle of cost averaging to reduce market volatility over time...
possunt quia posse videntur
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