That vacuum sucking sound... As US funds pull out $2.6B from EM stocks a spike similar to Feb 2011. Late comers poleni sana. Corrections are part of the game. It was getting frothy with some crappy counters pretending to shine. Luckily wanjikus are very few at NSE since they're still onto real estate. And I expect those shamba threads to become plenty this year.
Let's see if 2014 will offer the expected discounts (volatile shakeouts) on the value counters for the next attack on 5000 - 5500 resistance forest.
No need for PPT since the Hydrocarbon play is still intact as a long term support for the expected push beyond 6161 to new all time highs as Wanjikus join the party enmass.
@aguy - value stocks (without froothy valuations) that get a haircut should be were to load up. I still fancy the laggards.
Don't fight the trend, let the market do its thing. The dust always settles, but before then the ulcers and the nightmares of the shakeouts can be very testing.
** Just as a reminder, risk management will be key this year as volatility makes a come back.**
Remember, last straw, Eurobond. Bad reception and 2011 is back on the cards...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!