littledove wrote:Fyatu wrote:VituVingiSana wrote:The bear is definitely in town!
I believe it has been in town since August 2015.
This bear has refused to go, three years down the line, the planting season is becoming too long until we have no seeds left to plant just watch and do minor shift on portfolio
The bear quite simply never left it just took a breather last year...it has been on the NSE since March of 2015.
Guys waiting for a bull charge emanating from the political cease fire have been grossly disappointed. Fundies still say the bull is a long way off.
My thinking is the 3000 level will give way once USD starts squeezing the juice (capital flows) out of KE. Remittances have been the lifeline of the KE economy for some time now to the extent that KES has been the best performing subsaharan currency YTD. Remittances have managed to narrow the BOP deficit despite imports outstripping exports with a growing margin year in year out.
In other words, the good has nothing to do with internal fundies but outside factors. The moment that changes and aligns with domestic conditions it will be a sight to behold.
The main purpose of the stock market is to make fools of as many people as possible.