StatMeister wrote:I have missed the bus this time, with no regrets. My prognosis:
- insurance stocks will have to bite impairments from low stock prices
- industrial stocks will be affected by high energy & fuel prices, erratic stima, falling demand, etc
- the economy is not what it was last year, and interest rates are not behaving
- Kenya now has to finance a war budget
- trouble in the west - US bankruptcies, euro debt, slowing Chinese/Asian economy
I am sitting this one out till next year or 2013
This beats logic. Are you insinuating that the economy will be better in 2013? If so, is it not logical to enter the stock market now and buy stocks at cheap cheap prices as you wait for 2013? Unless of course you have no funds to spare till then. I belief if you plan wisely you can make money on different counters instead of shying away from the market for good. Unless of course you are one of those speculators who dash in for quick profits as in nunua leo, uza kesho. In that case you can still but and sell the crown berger counter, it is always doing 'kupanda na kushuka' every few days. Buy it at 25, ngojea one week or less and sell it at 29 bob. You can flip it many times and come out with something. I am thinking of this but I need a real good broker as I am far from K
Keeping it all in the family