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Elliott Wave Analysis Of The NSE 20
whiteowl
#871 Posted : Saturday, September 19, 2015 1:39:02 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
murchr wrote:
Gatheuzi wrote:
DBLyon wrote:
Akenyan2014 wrote:


True, if you can be cited in an authoritative daily for porfolio worth kshs 40,000 then you know where we are headed.


Akenyan2014...what are you on about? In English, please?


@DBLyon you need to open the link and read how a Sudan Prof is the tenth largest foreign owner of Eveready for having bought 13,200 shared valued at 40K Laughing out loudly



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


Last time kengen CEO made headlines for owning shares worth 73K but it seems BD has since lowered the bar Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
mnandii
#872 Posted : Sunday, September 20, 2015 4:24:32 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Pensions fund probed over Sh10bn revenue loss claim

Quote:
The anti-corruption commission is investigating allegations that at least Sh10 billion in workers’ contributions to the giant National Social Security Fund (NSSF) is at stake following migration to a new information management system.

According to documents seen by Sunday Nation — which have been surrendered to the Ethics and Anti-Corruption Commission and the Labour ministry — the amount in question includes unpaid contributions by employers, uncollected penalties and accrued penalties between 1998 and June 2013.


link

Expect to read about more scandals like these. It is sad, but if you depend on your pension to cater for you in your old age, the Sad you better think again.

Pension firms invest in stocks, real estate and other financial assets. With a bear market in all these assets expect them to bleed badly. The government ones are also a cash-cow for the politicians. Pray

Read 'Conquer the Crash' which you should have read yesterday.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
lochaz-index
#873 Posted : Sunday, September 20, 2015 9:54:46 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
hisah wrote:
snipermnoma wrote:
hisah wrote:
Bounce progress as expected. The real test will be if 4000 will hold on the next nosedive episode. That level has to hold if bulls are to survive!

Global equities are still undecided, but I expect another downside episode soon.


Meanwhile USD to Kes. has been hovered around 105 for two weeks (one might say at least Kes is not sliding but with all the intervention why is it not improving either?)

In the same two weeks NSE 20 has been in a narrow band 4125 to 4260.

today 91 T-bill rate at 14.486%, higher than 182 T-bill which is at 13.861% and higher than the coupon on most bonds.

This points to a recovery without legs. The steam will run out soon. I agree with @hisah 4000 will be tested with support at 3930.79 as per @mnandii post

The money market is signalling stress! Interbank rate is above 20% again like in August while the 182 and 364 day tbills are getting undersubscribed. Nobody willing to pack money there at the current rates as 91 day rate is almost vaulting the 364 day rate! The dread inverted yield curve is almost striking home! A clear recession sign ask liquidity squeeze continues.


Last time out they lowered the CRR when the interbank rate overheated. The reserves are stripped to below the minimum 4 months courtesy of fire fighting by the cbk. The metrics are beginning to look upside down. Slowly the guys are getting cornered.

The markets reacted furiously to the fed's inaction. Doomed if you do, doomed if you don't seems to be the script. More pain coming up.

The main purpose of the stock market is to make fools of as many people as possible.
Cornelius Vanderbilt
#874 Posted : Monday, September 21, 2015 12:16:11 AM
Rank: Member

Joined: 8/15/2015
Posts: 817
things are looking good
snipermnoma
#875 Posted : Tuesday, September 22, 2015 7:38:23 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
lochaz-index wrote:
hisah wrote:
snipermnoma wrote:
hisah wrote:
Bounce progress as expected. The real test will be if 4000 will hold on the next nosedive episode. That level has to hold if bulls are to survive!

Global equities are still undecided, but I expect another downside episode soon.


Meanwhile USD to Kes. has been hovered around 105 for two weeks (one might say at least Kes is not sliding but with all the intervention why is it not improving either?)

In the same two weeks NSE 20 has been in a narrow band 4125 to 4260.

today 91 T-bill rate at 14.486%, higher than 182 T-bill which is at 13.861% and higher than the coupon on most bonds.

This points to a recovery without legs. The steam will run out soon. I agree with @hisah 4000 will be tested with support at 3930.79 as per @mnandii post

The money market is signalling stress! Interbank rate is above 20% again like in August while the 182 and 364 day tbills are getting undersubscribed. Nobody willing to pack money there at the current rates as 91 day rate is almost vaulting the 364 day rate! The dread inverted yield curve is almost striking home! A clear recession sign ask liquidity squeeze continues.


Last time out they lowered the CRR when the interbank rate overheated. The reserves are stripped to below the minimum 4 months courtesy of fire fighting by the cbk. The metrics are beginning to look upside down. Slowly the guys are getting cornered.

The markets reacted furiously to the fed's inaction. Doomed if you do, doomed if you don't seems to be the script. More pain coming up.



The rates were maintained at 11.5%. CBK Maintans Rate
hisah
#876 Posted : Tuesday, September 22, 2015 11:21:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Low divorce rates suggest a slowing economy

@mnandii, an interesting socio-econ view of KE.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
sparkly
#877 Posted : Wednesday, September 23, 2015 6:32:09 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
Low divorce rates suggest a slowing economy

@mnandii, an interesting socio-econ view of KE.


I don't buy into this "research" that for all purposes is a copy and paste of American literature and substitute of Kenya for USA. USA is very capitalist, individualistic, polygamy/bigamy is a crime, divorce is taken casually. Kenyan marriages are deeply entrenched in community and the church. Divorce is stigmatized, polygamy / MWK tolerated.

Divorce rates in USA as high as 18 per 1000 couples. 200 divorces in Nairobi barely significant to establish correlation.

Many people in USA are on hourly/piece meal rates so recession hits hard. Most Kenyans are state employees or subsistence farmers, recession hardly registers.

The writer has not done scientific research to establish correlation between divorce and economic conditions in Kenya neither cited any.


Life is short. Live passionately.
poundfoolish
#878 Posted : Wednesday, September 23, 2015 12:13:30 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
sparkly wrote:
hisah wrote:
Low divorce rates suggest a slowing economy

@mnandii, an interesting socio-econ view of KE.


I don't buy into this "research" that for all purposes is a copy and paste of American literature and substitute of Kenya for USA. USA is very capitalist, individualistic, polygamy/bigamy is a crime, divorce is taken casually. Kenyan marriages are deeply entrenched in community and the church. Divorce is stigmatized, polygamy / MWK tolerated.

Divorce rates in USA as high as 18 per 1000 couples. 200 divorces in Nairobi barely significant to establish correlation.

Many people in USA are on hourly/piece meal rates so recession hits hard. Most Kenyans are state employees or subsistence farmers, recession hardly registers.

The writer has not done scientific research to establish correlation between divorce and economic conditions in Kenya neither cited any.





well said @Sparkly
Aguytrying
#879 Posted : Wednesday, September 23, 2015 2:49:44 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
The rebound in september has been strong, one can almost feel like the bear is dead
The investor's chief problem - and even his worst enemy - is likely to be himself
instinct
#880 Posted : Wednesday, September 23, 2015 6:08:06 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
Aguytrying wrote:
The rebound in september has been strong, one can almost feel like the bear is dead


I have that strange "instinct"too. In the absence of some traffic event we could be headed north
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