Sufficiently Philanga....thropic wrote:The rout continues, as expected. Scom back to sub 15, Equity headed to sub 40s before market close. All this thanks to the global markets sell off particularly the Dow 358 point shave yesterday. All 2015 gains down the drain
NSE most likely to be affected by a further KES slide, and a bearish CBK.
Yesterday the DAX didn't have a single stock with a gain. US stocks are catching a cold coming off the all time highs.
The global economy is walking on very thin ice. Unfortunately, so many negative factors are colluding to forment a serious rout globally in almost all asset classes from equities to currencies to bonds to commodities and real estate.
A world wide race to the pits will horrific to watch.
The main purpose of the stock market is to make fools of as many people as possible.