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Elliott Wave Analysis Of The NSE 20
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@hisah. today the red section in the nse has so many shares. blood on the streets... better start fixed income to prepare for the planting season The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Brokers accuse KRA of shifting goal posts on taxAt this rate the market circuit breakers will soon trigger as freefall ensues... The market is in no mood of such sideshows! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Sometimes I think these policy makers don't care what their actions have on stability of the market For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Sometimes I think these policy makers don't care what consequences their actions have on stability of the market For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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winmak wrote:Sometimes I think these policy makers don't care what consequences their actions have on stability of the market some things happen just because of a careless one man.president. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mlennyma wrote:winmak wrote:Sometimes I think these policy makers don't care what consequences their actions have on stability of the market some things happen just because of a careless one man.president. They say a wise man changes his mind, legislators while pushing for pensions should also remember where the revenue comes from. Now there is lack of clarity as well. This CGT should also be taken back to the drawing board. http://www.businessdaily...0/-/hddad4z/-/index.html
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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The situation in the kitchen room Quote:Government revenue for first nine months of the year fell short of target by a significant Sh93.8 billion, signalling looming funding difficulties. The National Treasury had targeted revenue and grants of Sh874.5 billion, but realised Sh780.7 billion, leaving a gap of Sh93.8 billion. Of the revenue items, the A-I-A had the single-highest shortfall relative to the target at Sh31.6 billion in the nine-month period, bringing in only Sh39.1 billion. The second largest deviation from target was in the grants by donors totalling Sh25.8 billion, below target of Sh45.2 billion meaning less than half of the expected cash was received in the nine month. The third largest shortfall came in the form of pay-as-you-earn taxes, below target of Sh220.5 billion by Sh21.7 billion. For the nine months to March, experts also attribute the low collections to slow economic growth and probable leakages.
How the people in the ivory tower see it Quote:Supplementary Estimates II 2014/2015 Cabinet noted that while Kenya’s economic growth is still resilient, the outcome of the 3rd quarter of the current financial year and the continuation of the global economic stagnation is likely to have a negative impact on the performance of revenues. Cabinet noted that: Revenues had fallen below target and are expected to be lower by Khs.16.6billion mainly due to administration of large income tax payers and customs due to reduced oil imports following increased production of geothermal energy; Domestic borrowing - expectations in decline of interest rates resulted in less appetite for Government securities; and Expenditure pressures – we have received requests for additional funding to cater for emerging priorities related to security operations, forthcoming international conferences and summits, Catholic Nun (Sister Irene) Beatification process, slum upgrading and youth empowerment. To address the challenges above, Cabinet approved additional spending amounting to Ksh.48.3billion under supplementary No. 2 and approved measures to close the financial gap of Kshs.74.3million. CABINET OFFICE NAIROBI 21st May, 2015
What the CBK is doing about it Quote:The weighted average interest rate for banks on the overnight borrowing market shot up to 11.0101 percent on Wednesday from 10.3709 percent the previous day, indicating there was a squeeze on liquidity. The central bank sought to mop up 4 billion shillings from the market on Thursday, reinforcing its desire to cut volatility in the currency market, by pursuing a tightening stance through its open market operations.
What the Certified analysts think of the market Quote:In addition to a price correction, market analysts attribute the drop to a mix of factors, including the capital gains tax and a weaker currency but say market fundamentals remain strong. They rule out chances of a prolonged bear run. “Some stocks may have been overpriced, but this does not mean that the companies themselves are having any problems,” said Standard Investment Bank (SIB) analyst Eric Musau.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mkonomtupu wrote:The situation in the kitchen room Quote:Government revenue for first nine months of the year fell short of target by a significant Sh93.8 billion, signalling looming funding difficulties. The National Treasury had targeted revenue and grants of Sh874.5 billion, but realised Sh780.7 billion, leaving a gap of Sh93.8 billion. Of the revenue items, the A-I-A had the single-highest shortfall relative to the target at Sh31.6 billion in the nine-month period, bringing in only Sh39.1 billion. The second largest deviation from target was in the grants by donors totalling Sh25.8 billion, below target of Sh45.2 billion meaning less than half of the expected cash was received in the nine month. The third largest shortfall came in the form of pay-as-you-earn taxes, below target of Sh220.5 billion by Sh21.7 billion. For the nine months to March, experts also attribute the low collections to slow economic growth and probable leakages.
How the people in the ivory tower see it Quote:Supplementary Estimates II 2014/2015 Cabinet noted that while Kenya’s economic growth is still resilient, the outcome of the 3rd quarter of the current financial year and the continuation of the global economic stagnation is likely to have a negative impact on the performance of revenues. Cabinet noted that: Revenues had fallen below target and are expected to be lower by Khs.16.6billion mainly due to administration of large income tax payers and customs due to reduced oil imports following increased production of geothermal energy; Domestic borrowing - expectations in decline of interest rates resulted in less appetite for Government securities; and Expenditure pressures – we have received requests for additional funding to cater for emerging priorities related to security operations, forthcoming international conferences and summits, Catholic Nun (Sister Irene) Beatification process, slum upgrading and youth empowerment. To address the challenges above, Cabinet approved additional spending amounting to Ksh.48.3billion under supplementary No. 2 and approved measures to close the financial gap of Kshs.74.3million. CABINET OFFICE NAIROBI 21st May, 2015
What the CBK is doing about it Quote:The weighted average interest rate for banks on the overnight borrowing market shot up to 11.0101 percent on Wednesday from 10.3709 percent the previous day, indicating there was a squeeze on liquidity. The central bank sought to mop up 4 billion shillings from the market on Thursday, reinforcing its desire to cut volatility in the currency market, by pursuing a tightening stance through its open market operations.
What the Certified analysts think of the market Quote:In addition to a price correction, market analysts attribute the drop to a mix of factors, including the capital gains tax and a weaker currency but say market fundamentals remain strong. They rule out chances of a prolonged bear run. “Some stocks may have been overpriced, but this does not mean that the companies themselves are having any problems,” said Standard Investment Bank (SIB) analyst Eric Musau.
Plain an simple, econ readings are down. The market has to reprice that reality. That overvaluation has to deflate to normal reality levels. From the look of things a correction will not do the job so an extended correction(a bear) will check in to finish the job.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Hanergy
A complete impulse wave and then a correction. Trading has been halted on this share. Notice the 12345 impulse wave. Wave 4 (with the converging trend lines) is a triangle. Notice the two red lines on the chart. Shows divergence btw price and RSI. Usually happens during a fifth wave.i.e relative strength is stronger in a third wave compared to a fifth wave. People are speculating the reason for the fall. They will come up with wrong answers. Quote:The world's biggest solar technology company by market capitalisation got absolutely slaughtered this week.
Hanergy Thin Film Power is a Hong Kong-listed Chinese firm which has an astonishing boom story, which made its chairman China's richest man.
But on Wednesday it went through the floor — the stock's value was slashed nearly in half, falling 47% before trading was suspended.
linkConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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obiero wrote:if u dont need the money at hand then there is no need to sell.. hold on. better times shall return Better times? Well, if you are looking at a time frame of plus five years then .... 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.
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Elliott Wave Analysis Of The NSE 20
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