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hisah
#2231 Posted : Wednesday, February 29, 2012 6:54:19 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
For those following the LIBOR manipulation trail since 2010, it's interesting to note that from UK, US, Japan & Canada the top banks are under investigations. This is geting surreal. Is this why many CB heads are resigning as well as most bank CEOs? Is this also why the yen strength has collapsed swiftly the last 12 days? Hmmm Think

http://www.bloomberg.com...ions-in-libor-probe.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
guru267
#2232 Posted : Wednesday, February 29, 2012 5:12:07 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@hisah we have touched 3,303.75 on the NSE 20 today.. smile

Is it time to buy yet¿¿
Mark 12:29
Deuteronomy 4:16
hisah
#2233 Posted : Wednesday, February 29, 2012 6:04:16 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
guru267 wrote:
@hisah we have touched 3,303.75 on the NSE 20 today.. smile

Is it time to buy yet¿¿


Not yet for me smile
I need to see volumes building up towards 3500 before I can revise my outlook. So far the volume spread for the 3yrs is still below average. CBK needs to force down the CBR sharply (inflation be damned - but they can always fudge it downwards as per IMF's prescription coming soon) in order for Tbills to bleed and the flight back to stocks happens in earnest.

I can see interesting moves here that will make the USDKES to race back to 90s (not go for foreign investors). Such remarks from the KE FinMin need to be discouraged.

http://bit.ly/AxgUdF - updated link


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
guru267
#2234 Posted : Wednesday, February 29, 2012 8:31:03 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
hisah wrote:
guru267 wrote:
@hisah we have touched 3,303.75 on the NSE 20 today.. smile

Is it time to buy yet¿¿


Not yet for me smile
I need to see volumes building up towards 3500 before I can revise my outlook.



@hisah Have you ever considered that the lack of volumes on the NSE might have been caused by very thin supply rather than weak demand¿¿

From what I observe not many sellers are coming to the party on most stocks on the NSE. They are now being paid to hold on by their companies through dividend...

First it was 3,200 now its 3,300 lets talk again at 3,500.. If we do get there that is...

Mark 12:29
Deuteronomy 4:16
karanjakinuthia
#2235 Posted : Thursday, March 01, 2012 6:53:41 PM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
MAPUTO, Mozambique, Feb. 29 (UPI) -- East Africa is emerging as the new hot zone for oil and natural gas exploration, with major discoveries by Anadarko of the United States and Italy's Eni in the Indian Ocean off Mozambique and by Norway's Statoil off neighboring Tanzania.

Read more: http://www.upi.com/Busin...30532003/#ixzz1nsecbwuA
hisah
#2236 Posted : Thursday, March 01, 2012 7:43:33 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Keep watching. The fireworks are coming this month... I am really hoping guys have hedged themselves against the impending fallout across the global financial markets. When ECB subordinated all greece bondholders, the match was struck. Currently the 1 yr Greece bond yield reads 938% in US session and this train wreck is unstoppable. This was never going to end well and the can has been kicked for an unbelievably looong period.

@mainat - S&P rating Greece on SD (selective default was an admission of a default event). ISDA met yesterday and ruled that the Greece CDS will not be triggered because Sparta has not defaulted. But the bond market today is not taking this sh** anymore!



ISDA ruling - http://blogs.wsj.com/mar...uling-not-the-last-word/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
guru267
#2237 Posted : Thursday, March 01, 2012 8:18:45 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi

@hisah
1.Greece unlikely to cause anything close to a lehman event due to its relative size.
2. Spanish and italian bond yields are edging lower
3. A greek exit out of the euro likely to strengthen the currency significantly
4. The LTRO has boosted liquidity

etc
Mark 12:29
Deuteronomy 4:16
Mainat
#2238 Posted : Thursday, March 01, 2012 9:28:54 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Hisah-breaking news, the game is rigged. Hence why I was so sure there was never going to be a credit event bcos risk dispersion is now a dirty word. I think Greece's problem is simple. Its economy cannot cope with the terms of the deal. EU economists have already admitted this. Greece's collapse is not ze problem. Its the domino effect. Bear Stearns...
Sehemu ndio nyumba
guru267
#2239 Posted : Thursday, March 01, 2012 9:54:18 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Mainat wrote:
Greece's collapse is not ze problem. Its the domino effect. Bear Stearns...


Watch the other PIIGS interest rates fall
Mark 12:29
Deuteronomy 4:16
hisah
#2240 Posted : Thursday, March 01, 2012 11:12:32 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
guru267 wrote:
Mainat wrote:
Greece's collapse is not ze problem. Its the domino effect. Bear Stearns...


Watch the other PIIGS interest rates fall

A kodak moment... I hope you got your cameras smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
543 Pages«<222223224225226>»
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