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Madness at the NSE
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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rwitre wrote:obiero wrote:Sufficiently Philanga....thropic wrote:Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783. We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please   Time to buy. Blood on the street  Things are elephant Thus momentumless plateau phenomenon. Rarely occurring in traders charts. Minus momentum, plus acoustically dampening noise, the only way to go is down..... But how far.... ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote:Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783. We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please Ouch! 9 years undone...bitter pill to swallow. Interesting that safcom is losing ground much faster than the overall market...this is in stark contrast to earlier correlations where safcom wasn't losing much despite a steep tanking of the indices. Markets seem a bit jittery with sell-offs in one being replicated and even exceeded in another. The shanghai composite in particular has had it rough in the past two weeks. As interest rates continue their upward trajectory, the weaklings will find the going very tough. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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What is happening to stocks is very sad,we are almost 10yrs backwards. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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mlennyma wrote:What is happening to stocks is very sad,we are almost 10yrs backwards. What of the Kenyan economy? 15 years Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Ericsson wrote:mlennyma wrote:What is happening to stocks is very sad,we are almost 10yrs backwards. What of the Kenyan economy? 15 years I said it here about the two men
KQ ABP 4.26
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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obiero wrote:Ericsson wrote:mlennyma wrote:What is happening to stocks is very sad,we are almost 10yrs backwards. What of the Kenyan economy? 15 years I said it here about the two men economy is GDP of plus 5% what is? Guys are not using factors of production but cutting corners to get rich (&wealthy) what do you expect? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Angelica _ann wrote:obiero wrote:Ericsson wrote:mlennyma wrote:What is happening to stocks is very sad,we are almost 10yrs backwards. What of the Kenyan economy? 15 years I said it here about the two men economy is GDP of plus 5% what is? Guys are not using factors of production but cutting corners to get rich (&wealthy) what do you expect? Watching Mr market race safcom, the prodigal son, down, just like it did chase up. What a pivotal stock. ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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cnn wrote:Sufficiently Philanga....thropic wrote:Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783. We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please The GFC lows were a great buying time for some good dividend paying stocks .I have kept BAT since then . Another 15 to 20 percent fall in the indices and some great long term buys should present themselves . Indeed.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mlennyma wrote:What is happening to stocks is very sad,we are almost 10yrs backwards. Wanjiku lost complete trust in Stocks since the 2004-2006 Bull. The stock market has never been the same since the Safaricom IPO and the Nyaga, Discount Brokers collapse. Life is short. Live passionately.
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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Is it true foreign investors are shunning emerging markets and rushing to the US o A? Has this contributed to state of affairs at NSE? And why is govt quiet? If you have prolonged bear market at NSE, slump in real estate, yet these are the traditional areas that have been giving high returns, which are the newfound areas the financial experts are advising people to invest?
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