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What is ailing the market?
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VituVingiSana
#21 Posted : Friday, January 31, 2014 11:17:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
I hope to collect some shares if the prices continue dropping
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mnandii
#22 Posted : Friday, January 31, 2014 11:37:06 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
VituVingiSana wrote:
I hope to collect some shares if the prices continue dropping


We are in a depression which is worse than 1929. The best advice you can get is to get out of financial assets altogether. In fact, I'll not be surprised if some Kenyan banks fail along with the global ones. Pray
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Cde Monomotapa
#23 Posted : Friday, January 31, 2014 11:52:23 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mnandii wrote:
VituVingiSana wrote:
I hope to collect some shares if the prices continue dropping


We are in a depression which is worse than 1929. The best advice you can get is to get out of financial assets altogether. In fact, I'll not be surprised if some Kenyan banks fail along with the global ones. Pray


@mnandii here is some homework: Kenyan Banking Sector Performance 2013 https://www.centralbank....THE_YEAR_ENDED_2013.pdf 20mks. By Monday
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mwekez@ji
#24 Posted : Saturday, February 01, 2014 2:27:30 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Genghis EOW wrote:
Cautionary Reassurance … The NSE 20 Share Index pummeled 4.62% this week to close at 4,856.15 points down from 5,091.30 points. The NASI receded 6.85% to close the week at 134.66 points down from 144.57 points. Equity turnover was up 42.97% to Kes.5,696.61Bn from Kes.3,984Bn as a combined result of accelerated end- month profit taking and panic distribution. This week, the bourse was bogged down by confirmation of tapering fears following the U.S Federal Reserve’s decision to cut back its monthly bond purchases by another $10Bn stimulating massive foreign outflows at the NSE. We view this as a temporary correction maintaining a positive outlook for the bourse. We expect the attractiveness of the Kenyan equity segment and sound fundamentals to cushion the market against this external shock and expect investors to maintain their long term positions as they reassess their frontier market risk. We are also banking on stellar full year financials for the Insurance & financial stocks set for release in the coming weeks to prove strong fundamentals remain intact. Kenya’s financial sector is the third largest in terms of assets in Sub-Saharan Africa; a strong impetus that the markets have historically hinged on.


@mnandii, note the highlighted
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the deal
#25 Posted : Saturday, February 01, 2014 8:37:53 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
US Q3 2013 GDP +4.1%

Kenya Q3 2013 GDP +4.4%

Unemployment rate???? fill the blanks__________smile

Where do you think foreigners would put their money if you factor in all the risks of investing in a frontier market like Kenya? The answer is simple....US...thus the money is going and will go back home folks.
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Horton
#26 Posted : Saturday, February 01, 2014 9:52:37 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
mnandii wrote:
VituVingiSana wrote:
I hope to collect some shares if the prices continue dropping


We are in a depression which is worse than 1929. The best advice you can get is to get out of financial assets altogether. In fact, I'll not be surprised if some Kenyan banks fail along with the global ones. Pray


Lol stocks fall for a week and guys are talking "worst depression ever?!?!" Hahaha
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murchr
#27 Posted : Saturday, February 01, 2014 11:10:37 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
the deal wrote:
US Q3 2013 GDP +4.1%

Kenya Q3 2013 GDP +4.4%

Unemployment rate???? fill the blanks__________smile

Where do you think foreigners would put their money if you factor in all the risks of investing in a frontier market like Kenya? The answer is simple....US...thus the money is going and will go back home folks.


- Real unemployment in the US went up to 15%
- The dow lost over 100points in January
- S & P closed at a loss
- The fever is everywhere Asia US EU BRIC etc
- Mortgage rates drop to a two month low - no buyers.
Truth be told your $100 is bound to double faster anywhere rather than the US
"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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the deal
#28 Posted : Sunday, February 02, 2014 10:35:28 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
murchr wrote:
the deal wrote:
US Q3 2013 GDP +4.1%

Kenya Q3 2013 GDP +4.4%

Unemployment rate???? fill the blanks__________smile

Where do you think foreigners would put their money if you factor in all the risks of investing in a frontier market like Kenya? The answer is simple....US...thus the money is going and will go back home folks.


- Real unemployment in the US went up to 15%
- The dow lost over 100points in January
- S & P closed at a loss
- The fever is everywhere Asia US EU BRIC etc
- Mortgage rates drop to a two month low - no buyers.
Truth be told your $100 is bound to double faster anywhere rather than the US


1. The S&P 500 was up 30% in 2013 vs the NSE20 Share Index's return of 19%. So if an investor did put his money in a fund which tracks the S&P 500 would have outperfomed a guy in a fund which tracks the NSE20 share Index...so tell me how did this guy lose money by investing in the US?

2. Investors have been selling bonds and EM & frontiers as the US economy gains traction...where will the money go? US Stocks...I would not be suprised if the S&P 500 outperforms the NSE20 Share Index again in 2014.

Link http://online.wsj.com/ne...54404579311012920076346


3. The US economy is still firing on despite the taper....consumer spending is increasing at its fastest pace in 3 years

Link http://mobile.bloomberg....spending-picked-up.html

4. Hehe you complaining of an unemployment rate of 15%...I would take that any day...and where is your source for the figure? Link please?..when the last time did Kenya do a labour census or survey? Theyre even scared to do that...it would be an embarassiment.

NB: Always share a link or referance to support your arguments.
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  | | Edit by user: Sunday, February 02, 2014 10:50 AM | Reason: Not specified
murchr
#29 Posted : Sunday, February 02, 2014 4:06:03 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
the deal wrote:
murchr wrote:
the deal wrote:
US Q3 2013 GDP +4.1%

Kenya Q3 2013 GDP +4.4%

Unemployment rate???? fill the blanks__________smile

Where do you think foreigners would put their money if you factor in all the risks of investing in a frontier market like Kenya? The answer is simple....US...thus the money is going and will go back home folks.


- Real unemployment in the US went up to 15%
- The dow lost over 100points in January
- S & P closed at a loss
- The fever is everywhere Asia US EU BRIC etc
- Mortgage rates drop to a two month low - no buyers.
Truth be told your $100 is bound to double faster anywhere rather than the US


1. The S&P 500 was up 30% in 2013 vs the NSE20 Share Index's return of 19%. So if an investor did put his money in a fund which tracks the S&P 500 would have outperfomed a guy in a fund which tracks the NSE20 share Index...so tell me how did this guy lose money by investing in the US?

2. Investors have been selling bonds and EM & frontiers as the US economy gains traction...where will the money go? US Stocks...I would not be suprised if the S&P 500 outperforms the NSE20 Share Index again in 2014.

Link http://online.wsj.com/ne...54404579311012920076346


3. The US economy is still firing on despite the taper....consumer spending is increasing at its fastest pace in 3 years

Link http://mobile.bloomberg....spending-picked-up.html

4. Hehe you complaining of an unemployment rate of 15%...I would take that any day...and where is your source for the figure? Link please?..when the last time did Kenya do a labour census or survey? Theyre even scared to do that...it would be an embarassiment.

NB: Always share a link or referance to support your arguments.


The MSCI Indices 2013 Performance Results ranked the NSE as the fourth best performing stock market in the world, with a 43.58 per cent return.

U.S. equity gauges rose to records, with the Standard & Poor’s 500 Index posting its biggest annual advance since 1997, 31%.

Apart from that all counters that foreigners hve participated in have more than doubled * 100%

Now lets talk of 2014

Stocks finished the day and the week with losses Friday as Wall Street posted the first negative January for the Standard & Poor's 500 since 2010 -- a poor start that history says could bode ill for the remainder of the year. Money is piling into long-term U.S. Treasury bonds: Prices on the 10-year Treasury are rising, and yields, which move in the opposite direction, declined to 2.65% Friday.

If we talk of local economies...97 metro economies in the US declined others to a 5% decline as was the case in the Shreveport metro city of LA, the best performing metro economies are powered by hydrocarbons Midland and Odessa in Tx, grew 7.5% in 2013. Universities and manufacturing metros exhibited the decline trends.

I dont think Kenya evaluates its economy on a town to town basis, that would be interesting
"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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  | | Edit by user: Sunday, February 02, 2014 4:48 PM | Reason: Not specified
VituVingiSana
#30 Posted : Monday, February 03, 2014 1:54:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Horton wrote:
mnandii wrote:
VituVingiSana wrote:
I hope to collect some shares if the prices continue dropping


We are in a depression which is worse than 1929. The best advice you can get is to get out of financial assets altogether. In fact, I'll not be surprised if some Kenyan banks fail along with the global ones. Pray


Lol stocks fall for a week and guys are talking "worst depression ever?!?!" Hahaha
Laughing out loudly Laughing out loudly Laughing out loudly but I hope the prices keep falling. I had stopped buying and would like to resume.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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