This is the next window I have been waiting for. Need a lot of fear and doom headlines to play the game again like back in Jan. Insurance holding its breath.
3yrs back at this period NSE20 had rallied hard as GFC had cratered all global markets to deep oversold levels. Aug 2010 was looking up with a positive constitution referendum promising a happy market. By end of 2011 that rally had snapped back 33%.
This time the setup in inverse. Jubilee in govt against all odds from the back of fearful election fever. Another obstacle is coming up with ICC putting roadblocks. The market in 2013 has been dealt the fear card and wanjikus have taken cover as well as analysts not coming out with conviction to rppe in the crowd. Total opposite of 2010...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!