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Madness at the NSE
sparkly
#2131 Posted : Saturday, March 14, 2020 8:48:33 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mlennyma wrote:
obiero wrote:
wukan wrote:
Angelica _ann wrote:
sparkly wrote:
mlennyma wrote:
VituVingiSana wrote:
mlennyma wrote:
How long can this correction last? iam thinking hard.

“The market can stay irrational longer than you can stay solvent.” - John Maynard Keynes

I had the money last week, if I had the courage to buy Kcb at 43 i would be smiling now selling at 50,fear is poverty.



Stocks are like buses. There is always one at the stage.


Stupid Corona made me sell one of my gems, now recovery, shindwe. You cant time the market just play it Pray Pray Pray


corona is not stupid and the coming deflationary shock will make GFC feel like a picnic. The day your boss announces unpaid leave you'll know corona is not stupid. Risk must be priced in correctly

True

The first case here will cause a lot of panic if it happens


13.03.2020 @mlennyma got his wish.
Life is short. Live passionately.
Aguytrying
#2132 Posted : Saturday, March 14, 2020 2:02:18 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Could safaricom be coming back to the stage I didn't board 3 years ago. 15 and I'm in
The investor's chief problem - and even his worst enemy - is likely to be himself
sparkly
#2133 Posted : Sunday, March 15, 2020 9:17:50 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
Could safaricom be coming back to the stage I didn't board 3 years ago. 15 and I'm in


NSE activated the circuit breakers. Journey to 15 postponed for the time being.
Life is short. Live passionately.
winmak
#2134 Posted : Sunday, March 15, 2020 6:36:24 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
sparkly wrote:
Aguytrying wrote:
Could safaricom be coming back to the stage I didn't board 3 years ago. 15 and I'm in


NSE activated the circuit breakers. Journey to 15 postponed for the time being.


Very likely to happen now that we have 3 cases and all schools closed officially
For investors as a whole, returns decrease as motion increases ~ WB
mlennyma
#2135 Posted : Sunday, March 15, 2020 7:06:16 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Aguytrying wrote:
Could safaricom be coming back to the stage I didn't board 3 years ago. 15 and I'm in

I will buy without fear from 15 downwards if corona doesn't go with me, this company will hugely benefit from corona, mobile cash will hit record highs
"Don't let the fear of losing be greater than the excitement of winning."
VituVingiSana
#2136 Posted : Sunday, March 15, 2020 9:25:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
mlennyma wrote:
Aguytrying wrote:
Could safaricom be coming back to the stage I didn't board 3 years ago. 15 and I'm in

I will buy without fear from 15 downwards if corona doesn't go with me, this company will hugely benefit from corona, mobile cash will hit record highs
As will the amount of data and phone calls.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
cyruskulei
#2137 Posted : Sunday, March 15, 2020 11:32:26 PM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
VituVingiSana wrote:
mlennyma wrote:
Aguytrying wrote:
Could safaricom be coming back to the stage I didn't board 3 years ago. 15 and I'm in

I will buy without fear from 15 downwards if corona doesn't go with me, this company will hugely benefit from corona, mobile cash will hit record highs
As will the amount of data and phone calls.



I actually predict safcom will land below 10bob.
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

lochaz-index
#2138 Posted : Monday, March 16, 2020 1:56:15 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Dow futures dump 1000 points as does the Nikkei. Dax futures down 500 points. It should be a particularly red day for the MIB when the European session kicks off. Will Schengen hold? The agreement may not see light of day when this crisis is over. Fed cuts FFR by 100bps points ahead of schedule in an attempt to stem the bleeding. Not looking good as spreads widen for treasuries and cross currency swaps. Full blown dollar liquidity crisis.

CBs have shown up with a knife to a gunfight...tough luck.
The main purpose of the stock market is to make fools of as many people as possible.
slick
#2139 Posted : Monday, March 16, 2020 2:36:37 AM
Rank: Member

Joined: 6/1/2017
Posts: 288
lochaz-index wrote:
Dow futures dump 1000 points as does the Nikkei. Dax futures down 500 points. It should be a particularly red day for the MIB when the European session kicks off. Will Schengen hold? The agreement may not see light of day when this crisis is over. Fed cuts FFR by 100bps points ahead of schedule in an attempt to stem the bleeding. Not looking good as spreads widen for treasuries and cross currency swaps. Full blown dollar liquidity crisis.

CBs have shown up with a knife to a gunfight...tough luck.


These first world CBs may print themselves into hyperinflation if this keeps up.The sheer number of the money printing liquidity jobs just keep getting bigger to unprecedented levels.I expect this QE to be stepped up aggressively and repo jobs to still continue in their trillions.

I forsee the Fed getting a mandate by Congress to just outright buy stocks and corporate bonds.Its already under discussion behind the scenes.Japanese and Swiss central banks already doing it and I suspect the Fed will join this ludicrous policy and European Central Bank already buys corporate bonds and may join the rest in purchasing Euro stocks.
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
lochaz-index
#2140 Posted : Monday, March 16, 2020 5:33:05 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
slick wrote:
lochaz-index wrote:
Dow futures dump 1000 points as does the Nikkei. Dax futures down 500 points. It should be a particularly red day for the MIB when the European session kicks off. Will Schengen hold? The agreement may not see light of day when this crisis is over. Fed cuts FFR by 100bps points ahead of schedule in an attempt to stem the bleeding. Not looking good as spreads widen for treasuries and cross currency swaps. Full blown dollar liquidity crisis.

CBs have shown up with a knife to a gunfight...tough luck.


These first world CBs may print themselves into hyperinflation if this keeps up.The sheer number of the money printing liquidity jobs just keep getting bigger to unprecedented levels.I expect this QE to be stepped up aggressively and repo jobs to still continue in their trillions.

I forsee the Fed getting a mandate by Congress to just outright buy stocks and corporate bonds.Its already under discussion behind the scenes.Japanese and Swiss central banks already doing it and I suspect the Fed will join this ludicrous policy and European Central Bank already buys corporate bonds and may join the rest in purchasing Euro stocks.

CBs are chasing the wind here. Buying of stocks is neither here nor there in the grand scheme of things. You can't manufacture a bull market out of thin air or much less so an economic recovery. BoJ has been at it for 20 years with various QE programs yet the Nikkei is more than 50% off its highs. The Japanese economy has been in comatose/collapsing and is literally way worse off than when QE started. The cycle must run to its completion as the market always wins in the end.

The real crisis is what occurs on main street in the form of job layoffs, bankruptcies, deleveraging, credit seize ups etc. Yellen once had the audacity to proclaim that we would never see another recession in our lifetimes. It is simply jaw dropping how much they believed the Keynesian (abenomics) hype about stimulating the economy.
The main purpose of the stock market is to make fools of as many people as possible.
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