The “million dollars” that a wealthy investor might have thought he had in his bond portfolio or at a stock’s peak value can quite rapidly become $50,000 or $5000 or $50. The rest of it just disappears. You see, he never really had a million dollars; all he had was IOUs or stock certificates. The idea that it had a certain financial value was in his head and the heads of others who agreed. When the point of agreement changed, so did the value. Poof! Gone in a flash of aggregated neurons.

Conquer the Crash, third edition



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@growing what you are seeing above is the intermediate and minor wave. Its a wave within a wave (yaani unaona mawimbi na tsunami yaja). If you go Post#1 in this thread you will see the Cycle wave(yaani tsunami) represented by upper case Roman numerals(I, II, III,IV,V, a,b,c) where I-V are the basic 5 wave impulse sequence(tukienda juu) and a,b,c is the 3 wave corrective sequence(tukirudi chini). What @mnandii is telling you we are about to hit wave c corrective sequence.

At first I also thought it was a correction. but some signs of a bear started popping up.

safaricom price dipping after announcing record +30% profits and dividend. This was expected here on wazua, we all knew the mad rally was guys buying the rumor waiting to peddle the news. That 30+% profit was already factored in the price at 17.9

foreigners being on sell side the whole of this year. Foreigners are seeing better opportunities in NG after elections, after they make their money there they will definitely come back

HFCK and NIC trading close and below rights issue price! despite stellar results. Speculators are causing this, i've seen this before and its exaggerated by low trade volumes. A buy for me

barclays trading at 15.00, find out the last time that happened This counter's 52 wk high is 18.xy, hii ni correction tu

NMG threatening to go below 200. in the last bear it was at 150. It will, investors dont have confidence on the business books closure was yesterday

ARM sinking to 74. This is the darling of NSE previously flirting with 90. A Broker even gave a buy recommendation to 150 recently. This one even at 70 its overvalued

the spike of the kshs. remember that was there in 2011 too. The shilling will continue to lose value against the dollar for quite a while until we change our import quotas. Obama land economy is on fire..So far i dont see anything stopping that

@enyands....Looks like you are newbie in stock trading..we are no where near a bear...in a bear market prices will be half what they are now...the social mood will be so depressive even most of those saying they can't wait for the bear to start buying will stay out...when the bear is here no one will be talking stocks...lakini waerevu and strong at mind and heart will take positions because it will be a long time before the chickens come home to roost.

stock prices follow performance and right now going by results being released, most firms are not well.. esp manufacturing, tourism, real estate