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Elliott Wave Analysis Of The NSE 20
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Spikes wrote:hisah wrote:hisah wrote:
Posted : Wednesday, March 02, 2016 12:32:15 AM
It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks.
One month later...
Like I've said before those holding KE banks sit tight  Tell us please how Kenyan banking sector will come down terribly crumbling. - Confidence evaporating on corporate governance.
- Tough regulator willing to squeeze as hard as possible. A good thing, but that will cause a short term negative effect till the system is purged.
- Legislators hell bent to impose the lending rate cap.
Very limited upside case for bulls. Mr Market will ignore fundies for a while. The feel good mojo is completely missing.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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hisah wrote:Spikes wrote:hisah wrote:hisah wrote:
Posted : Wednesday, March 02, 2016 12:32:15 AM
It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks.
One month later...
Like I've said before those holding KE banks sit tight Tell us please how Kenyan banking sector will come down terribly crumbling. - Confidence evaporating on corporate governance.
- Tough regulator willing to squeeze as hard as possible. A good thing, but that will cause a short term negative effect till the system is purged.
- Legislators hell bent to impose the lending rate cap.
Very limited upside case for bulls. Mr Market will ignore fundies for a while. The feel good mojo is completely missing. Absolutely! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:hisah wrote:
Posted : Wednesday, March 02, 2016 12:32:15 AM
It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks.
One month later...
Like I've said before those holding KE banks sit tight How bad are we talking? Is your reading from a technical point of view, or the international debt bomb The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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hisah wrote:Spikes wrote:hisah wrote:hisah wrote:
Posted : Wednesday, March 02, 2016 12:32:15 AM
It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks.
One month later...
Like I've said before those holding KE banks sit tight Tell us please how Kenyan banking sector will come down terribly crumbling. - Confidence evaporating on corporate governance.
- Tough regulator willing to squeeze as hard as possible. A good thing, but that will cause a short term negative effect till the system is purged.
- Legislators hell bent to impose the lending rate cap.
Very limited upside case for bulls. Mr Market will ignore fundies for a while. The feel good mojo is completely missing. Tier3 Tier4 are now primed for a mass collapse. As long as Opus Dei stays in town expect further financial meltdown in the banking industry. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Market sentiment is indeed extremely fickle. Were we not supposedly in the middle of a bull charge? In a flash even permabulls have become bearish. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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lochaz-index wrote:Market sentiment is indeed extremely fickle. Were we not supposedly in the middle of a bull charge? In a flash even permabulls have become bearish. this market has no direction after the lowest bottom we saw,just flat heading to mid year,the next cycle is yet to present itself up or down "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:hisah wrote:hisah wrote:
Posted : Wednesday, March 02, 2016 12:32:15 AM
It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks.
One month later...
Like I've said before those holding KE banks sit tight How bad are we talking? Is your reading from a technical point of view, or the international debt bomb Local fundies, techs and psychology all lined up! Globally most liquid bank indices are also sagging. Another alignment. If Deutsche bank blows up the domino effect will be global. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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All this drama with the banks feels like a throwback to 2007-2008 period the only difference being that it was stockbrokers which were going under. Either way wanjiku was/is slaughtered. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mlennyma wrote:lochaz-index wrote:Market sentiment is indeed extremely fickle. Were we not supposedly in the middle of a bull charge? In a flash even permabulls have become bearish. this market has no direction after the lowest bottom we saw,just flat heading to mid year,the next cycle is yet to present itself up or down It was just a lull before the storm which was being mistaken for a bull market. Same scenario has been playing out on a global scale. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@vvs, do you see the banking consolidation I have been seeing? A number of small fish will be swallowed. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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