Eh, mpesa looks like it will let go the 2.90 guardrail today. Coupled with bleeding bank stocks, the slide is about to accelerate.
Fasten your bear belts...

All looks set for the Friday Oct 14th 2011 record low index of 3277.50 to be broken!
Next week, i have my eyes set on member at below 16. This is in my view the support level. Millions of shares exchanged hands at this level in April last year.
Some more Rooaaaar at my favorite 14.85 would do! However, a CBR rate slash Friday next week might make this a pipe dream!
I also have the Agri stocks in my mind i.e WTK and Sasini!
I can then say bye bye to a challenging 2011!

NSE value approaching value pre-16.5% hike. In the unlikely event that CBK hikes CBR again next Thursday, NSE could easily go below 2500 on fundamentals alone...

2,500pts

On Italy, at 6.5%, the yield on the six-month paper almost doubled compared to a month earlier and showed the appointment of an emergency government to tackle the debt crisis had failed to put a brake on Rome's spiraling borrowing costs...

Then...a meeting of the leaders of Germany, France and Italy yesterday offered no immediate progress in tackling the crisis...

Let it bleed!!!!!