NSE has seen anaemic volumes since July. This is now concerning going into Sept with the same trend & NSE is trending sideways. I was thinking after the katiba tension, the money would find its way back to the bourse esp from foreigners & local fund managers. NSE 5000 is now looking like a distant dream.
For those following global stocks, more trouble is coming and an increase of sell volume since July to date points to another huge selloff in the horizon soon. I mostly watch the VIX and with narrowing bollinger bands for some months now, a breakout is coming, most likely bullish break. That should see the US (Dow, S&P, NASDAQ) and other major global stocks head south, below the nasty month of May lows. Also the global econ recovery story is just that a 'story'. The major economies are struggling to say the least. For forex fads, have u noticed the LIBOR & EURIBOR spreads widening. i'm convinced the swissie & yen huge moves against the $ are telling an important story about 'safe haven' status of the $. Buying cars in yen for kshs is getting very expensive. Any else noticed that apart from car dealers... Eurobonds and $ bonds are also telling another story. The money sys is under stress and precious metals (gold & silver are taking the cue + huge food commodity bets). Sept historically is not a nice month for stocks in US, and with the markets looking bearish, that's not a rosy story for Sept - Nov period.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!