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Fear on the Street: Inside the Stock Sell-Off

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kenyainvestor		#111 Posted : Tuesday, August 09, 2011 10:49:53 AM
Rank: Member Joined: 7/12/2011 Posts: 194		Aguytrying wrote: Confident response from obeezy. Exactly what is needed at a time like this. The markets, of course, will not care about what obeezy has to say LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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Mainat		#112 Posted : Tuesday, August 09, 2011 11:41:33 AM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		FTSE down 4.4% to 4800s. Now in bear territory. Wish I had shorted the index, but I must admit holding cash is now a premium move Sehemu ndio nyumba
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VituVingiSana		#113 Posted : Tuesday, August 09, 2011 11:56:37 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		Pity the KES is falling faster than the US$. All my gains are coz of my US$ hedged position rather than the KES gains! So much for emerging markets who use local toilet paper currencies! Long live the White & Yellow Man's currencies! Swiss Franc, China Yuan, Indian Rupee, Aus $, etc all showing resilience. Even the $, € & GBP have remained strong vs most African currencies! My Uganda TP is at 2,715, My KES TP is 94.25 & these are against the 'weak' US$...! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Pierce		#114 Posted : Tuesday, August 09, 2011 12:07:50 PM
Rank: Veteran Joined: 3/16/2009 Posts: 1,464		Mainat wrote: FTSE down 4.4% to 4800s. Now in bear territory. Wish I had shorted the index, but I must admit holding cash is now a premium move Right now cash is KING!!
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Pierce		#115 Posted : Tuesday, August 09, 2011 12:12:35 PM
Rank: Veteran Joined: 3/16/2009 Posts: 1,464		VituVingiSana wrote: Pity the KES is falling faster than the US$. All my gains are coz of my US$ hedged position rather than the KES gains! So much for emerging markets who use local toilet paper currencies! Long live the White & Yellow Man's currencies! Swiss Franc, China Yuan, Indian Rupee, Aus $, etc all showing resilience. Even the $, € & GBP have remained strong vs most African currencies! My Uganda TP is at 2,715, My KES TP is 94.25 & these are against the 'weak' US$...! I must admit that things have compeletely gone out of hand. What's the implication of this KES TP on fuel prices.......14th is not so far off.
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mkonomtupu		#116 Posted : Tuesday, August 09, 2011 12:47:23 PM
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road		Aguytrying wrote: Confident response from obeezy. Exactly what is needed at a time like this. Just google "Obama blames" the results are quite interesting the guy always finds someone to blame
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brian mackenzie		#117 Posted : Tuesday, August 09, 2011 1:13:55 PM
Rank: New-farer Joined: 1/17/2011 Posts: 26 Location: nairobi kenya		@vituvingisana,u even wonder why the Kenyan shilling is loosing against most european countries yet all these countries are stuck and not growing.In Britain for example,Tottenham city is expiriencing riots for some days now because of a suspect killing by police and austerity measures that have led to reduced jobs.Everyway u look at it,all european states are in trouble except Germany.If only the market would correct the exchange rates,or we are importing more thn what we are exporting.Maybe thats the problem
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youcan'tstopusnow		#118 Posted : Tuesday, August 09, 2011 1:49:26 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		KPLC at 17.1 Eveready up 2.63% Just look at the financials. ALL RED! Cde, Red Nation GOD BLESS YOUR LIFE
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selah		#119 Posted : Tuesday, August 09, 2011 1:57:07 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		eish eish....I SEE RED PEOPLE. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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bwenyenye		#120 Posted : Tuesday, August 09, 2011 2:03:26 PM
Rank: Elder Joined: 5/24/2007 Posts: 1,805		Mainat wrote: FTSE down 4.4% to 4800s. Now in bear territory. Wish I had shorted the index, but I must admit holding cash is now a premium move Not quite boss. The US banks are deciding not to pay any interest rates on deposits. Instead, they will charge you for them! In effect, they are making holding cash to be a losing position. You are better invested elsewhere. I think this is all because the big companies huko have decided not to lend the govt a dime and the governemnt is using banks to force a lending. However, I think not many will lend to a defaulting govt they better invest elsewhere and this is how emerging markets are coming in. Now, IF Kenya gets favourable ratings, woe unto you if the bus leaves you! I Think Therefore I Am
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