Tusker,eli and others

Everyone agrees that the global crisis has affected the NSE in some way. But what we are saying here is that the dip has a lot to do with negative sentiments and too much pessimism. Or why would the market capitalization fall from 1.3 trillion to 0.5B in a record 8 months? When our banks and other companies are still reporting good profits? Why would PE banks fall to sub 10 when they are reporting steller profits ? Of course some rogue brokers have also contributed by chasing / frightening potential investors away / out of the market….But this has been discussed extensively and no one should feign ignorance by now….You have had enough time to transfer account to a secure broker like EB or CFC or NIC and spare us from whining here about rogue brokers every other day

Think for a moment…if everyone was positive…that our markets will recover…that this is the best opportunity to invest…we would have more capital inflows….hence a healthy market…but if we keep casting a forlorn look..and telling everyone we are going to dispose shares at throw away prices because there is no recovery soon…who do you expect to buy after you dispose?....I will repeat a million times for Eli and others to hear…NSE WILL NOT RECOVER IN OUR GENERATION IF WE CONTINUE THIS KIND OF PESSIMISIM…Eli you would make more money in a bull market than bear market…bear market is where speculators burn their fingers…the stock market was never meant to be a ready slaughter house for anyone

@ BAAK
I rest my case!

There is no capital gains I get in trying to convince you! Neither is there dividends! Bye!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18

@ BAAK,

You seem to forget that NSE unlike other fully developed markets has always been driven by sentiments,hardly fundamentals. In sentiments you are either optimistic or pessimistic and not both at the same time. so is it not obvious that right now most of the investors are pessimistic about the market and that is why it is in bear. No matter how or where you preach about the pessimism,things are not about to change as this is half of the NSE market requirements for trade....


NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB

what should be going on through your mind is ..what will the bottom look like?when do we hit rock bottom...How will we know?

Remember,nobody flashed an emergency light announcing the arrival of the crisis. ... pessimist or optimist,the recession/bear run affects us all...no matter what your sentiments are.How you come out of it is what matters.

regards,

My 2sense to you.

P.S. In a severe drought you dont sell your cow...money at that time is no good for you.


...If you havent found anything worth dying for...then you aint fit to live

Nice one. It gets ridiculous at times. A friend boarded a 23 matatu to Westlands. Told me fares went up 50% (from Ksh. 20-30) today because according to the matatu tout 'uchumi ni mbaya' ! Hold on,hasn't his cost of doing business gone much lower?? Add those some funny companies in that survey that have always wanted to retrench but have lacked an opportune time,this is it!! You're a manager,you don't meet targets,blame the recession!..its another question whether you've ever met any target!! In this 'recession' be wary of those using it to achieve not so noble objectives,your gospel could turn tragically prophetic.