@moneydust. Even I don't understand the optimism either, but I'm slowly reading the mood and trying to cover my bases by buying into those sectors expected to recover. Why is KQ rising but not TPS?
I think Eqty bank buyers know what's going to happen (info seems to get out somehow), but I'm impressed that they've survived this long while others such as Krep, co-op experience problems.
Foreign buyers can't be trusted to give clear signals but a rally such as the Mumias rally is driven by the locals (mostly, I think), which I believe can be sustained. I think we need to read the volumes on all those counters where foreign buy and react accordingly when these volumes drop.
Traditionally I believe market movements in the months of January and July have always mislead people and are often periods where there are peaks or significant rallies. I don't pay much attention to it but enjoy the ride til the market corrects itself in March.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden