Wazua
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Madness at the NSE
Rank: Veteran Joined: 11/13/2015 Posts: 1,596
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https://www.businessdail...89384-yb4xl3/index.html
Once WHO declared pandemic your medical cover became useless for corona treatment. You are better off holding onto cash if you or loved one has to seek emergency treatment.
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Rank: Member Joined: 7/1/2019 Posts: 119
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There is no time in my lifetime where the phrase "CASH IS KING" has made more sense than now. I now understand why Warren Buffet keeps loads of cash in his portfolio.
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Rank: New-farer Joined: 4/28/2019 Posts: 88 Location: Talai
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ONE SINGLE CASE OF Coronavirus disease (COVID-19) IS Causing a massive nose dive at nse.. what about days ahead.. God HELP US!
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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Market put on hold...not looking good.
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Rank: Member Joined: 5/6/2008 Posts: 199
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Exchange Announcements
MARKET HALT: We have halted the market in accordance with Rule 9.4.1 (ii) of the NSE Equity Trading Rules. Trading will resume on Monday. 14:49:02
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Rank: Member Joined: 5/2/2018 Posts: 267
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Rank: Member Joined: 9/27/2006 Posts: 503
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Can confirm my portfolio has taken a beating.
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Rank: Member Joined: 6/26/2008 Posts: 384
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deadpoet wrote:Can confirm my portfolio has taken a beating. But look on the bright side, an opportunity to buy more....
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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xtina wrote:deadpoet wrote:Can confirm my portfolio has taken a beating. But look on the bright side, an opportunity to buy more .... Why would this covid 19 nist be a sampler/ innocurator. Say aftermath may or Will be deadly.a do disater. Buy more murubaines I guess is a better bet than cash us king of shenaniganism. I got flue like symptoms and am keeping in house till kingdom o kam ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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muandiwambeu wrote:xtina wrote:deadpoet wrote:Can confirm my portfolio has taken a beating. But look on the bright side, an opportunity to buy more .... Why would this covid 19 nist be a sampler/ innocurator. Say aftermath may or Will be deadly.a do disater. Buy more murubaines I guess is a better bet than cash us king of shenaniganism. I got flue like symptoms and am keeping in house till kingdom o kam Are you high on sanitiser  Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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  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.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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.
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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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
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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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."
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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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
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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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.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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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.
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Rank: Member Joined: 6/1/2017 Posts: 288
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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
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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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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