Several things are going on in U.S

1. Job recovery has not materalized as ealier hoped for.

The job market is still getting worse albeit at a much slower pace.

2. Housing is not recovering,it is getting worse although much slower.

3. Vacation hot spots like hawaii are reporting record low bookings So I don't see how americans will come to Kenya if Hawaii has low bookings.

I think we have at least 4-6 months before the market hits bottom.

Of course I could be wrong,I predicted that NSE would by now be at 9000 becasue of an Obama presidency,and look how wrong I was.

Look... Kenya needs to go to the regional markets & east to Middle East,India,China and Japan (and all those in between). Diversify.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

For equities,a significant number of investors from this market are moving into emerging markets...you may end up chasing the wrong shadow,,,

@Mwana. I take my hat off to you for acknowledging you were wrong when you made such an outrageous call. I think you are on to something this time round but while I expect a downward correction,it should not be that serious.

But for some of us avowed speculators,this is just what we like. Markets go up - we bail out. They go down we are in. You just have to be quick on pulling the trigger. There's nothing better than a volatile market.That's when we make our money.


'When you do not know a thing,admit that you do not know it. This is knowledge' - Confucius