Dow sitting pretty in positive territory at some point hitting a session high of +191points on easing expectations. Hope Ben's watching
Madness may just make a comeback to the NSE tomoro!

Atleast there's one person bullish on the US market on this forum There's no way Bernanke is ending QE anytime soon, if he does we are completely screwed

So we end the week with NSE20 breaking out of the rising wedge downwards with huge volume on the week that the budget was read. That break will definitely push down prices for a while. Same selloff strength is noted on all foreign based KE indices - MSCI KE and the FTSE NSE 15/25.

The budget offered mixed signals, but that VAT bill if implemented as per IMF prayers, inflation will strike back.

Overall the correction that was on the cards since April 2013 is very welcome. Above 5000 the market was priced ahead of itself and soberness has to run the show after the election euphoria has gone. Tbills continue falling with 91 days now below 6% as per this week's auction results i.e. 5.424%. Market correcting, tbills falling and again that divergence scenario pops up. But with that current account deficit I don't expect Tbills to fall too far from here.

Remember, low tbill rates = equity market becomes more attractive to park your cash there. So enjoy the discounts on quality stocks as they come.

Turnover rose to Kes.495M from the previous session’s Kes.309M, the number of shares traded stood at 19M against 32M posted yesterday.

The NSE 20 Share Index was down 1.27% to stand at 4701.22 points.
All Share Index (NASI) shed 0.85 points to stand at 118.78.