Some counters are tempting and therefore buy pole pole in small lots provided the fundies of the company are good/strong #I&M Bank

This bear appears very systematic and kind of a slow burner type. I think every single counter will have its time in the cleaners. That makes for a prolonged/drawn-out sinking till the bottom is reached. It will be slower if it's the small and mid caps taking a beating or faster if it's the heavyweights being hammered. The current run looks focused on those stocks that survived the earlier bloodbath.

How safaricom is holding on is quite amazing. Almost like a lone ranger. Patience needed here to see which way this will sway. Will the bear rope in safaricom?

Coop bank is currently testing support at 15 handle. This level had better hold. Break below will be tough to watch! Potential bear targets are 12.00 then 10 and an extension towards 8.00.

Bear Madness

Having outgunned the previous (2011) bear both in terms of longevity and absolute losses - down 2000 points as opposed to about 1800 points back then - this downturn is close to matching and/or beating it on a relative (%) basis. Surpass that and only the 2008 meltdown would have been more severe.

The bloodletting aside; going forward, how will the market handle a highly suspect(deteriorating) economy, reduced inflows and the probable external crisis (in the short to medium term) in some of the biggest economies which more often than not tend to snowball right into our courtyard?