The Madness in the NSE is just a ripple compared to the tsunami madness of first world markets.We are witnessing was could possibly be the greatest unraveling of markets of the developed world in history.It was long overdue anyway.The globe was living on borrowed time since 2008 meltdown.Decades of excess debt,asset bubble blowing by central banks by just printing money post 1971 abandonment of the gold standard is all coming to roost now.Central Banks have been pumping liquidity to fend any market corrections since 1971 and its been working but now money printing isnt helping much.Inevitably the stage was set to get here as the debt based fiat monetary system reaches its cataclysmic end game and seems we have reached the end of that road.No more road to kick the can now.I mean global debt is over 250 trillion and is 325% of global GDP.That debt created by central banks can NEVER BE REPAID.Global derivative contracts is way past 1 QUADRILLION!!! and if this derivatives market blows up as it seems its doing now,no amount of money printing bailouts can help the situation.This is where you print money into worthless hyperinflation.

This could usher in the greatest financial and economic collapse in history surpassing even the Great Depression since in the 1920s and 1930s,the amount of debt and leverage was far far lower than now and it was a far less steep pedestal to fall from and central banks werent printing like mad then.There is a possibility the developed world central banks may print their currencies to hyperinflation.I mean they are pumping trillions into the markets and its not helping and they will pump even more.

We live in interesting times.

They should temporary suspend trading!

Should CBK be undertaking the same operations like central banks of the developed world and unleash oceans of liquidity?Just create trillions of KES and dump it to investment firms to buy stocks or like in Switzerland or Japan Opus Dei just buys stocks outright?

This is just my personal opinion but I wouldnt buy Kenyan stocks now until the meltdown of Western markets and coronavirus menace fully plays out.The decline of the Kenyan bourse is largely a result of Western investors selling our shares to meet liquidity margin calls in their faltering markets.

The implosion of Western markets is most likely far from over and best to wait to see how that affair plays out.Then again just my opinion

The Western markets will get waaaaay worse in the coming week, once shut down starts in different States. So my take in local stocks, just nibble on stocks which have excellent cashflows, their recovery times are faster once we recover from the virus so booking those gains will be faster then redeploy on those stocks that will take more time to recover. Safcom may go below 20 in the coming weeks and I will still be buying.