Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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hisah wrote:Sufficiently Philanga....thropic wrote:hisah wrote:Cde Monomotapa wrote:This old farmer thinks @3,000 points then we will surely rapidly descend to 2,500. The sell off will be on wider spreads, thinner volumes. Unless bank Q3 results are good, 2,500 will be here in November. Banks Q1 came & went as well as Q2 aka H1. Any change... If they show haircuts which I expect from Q3 onwards, expect more selling of bank stocks.
And the headline article of tomorrows biz daily is preparing more pigs for the slaughter... Stay tuned...
3600 was the spillway, 3500 was the flood gate. Bado floods... Relax & go with the down flow.
Actually such negative news like a shaving of 25% YTD of the bank stocks always acts like a springboard for a comeback! I like the fact that jana the Dow closed in positive territory gaining some 2.26% to close above the pyschological 11,500points. Whether it holds is a story for another day! I see the NSE close the week in the green! Hope the NSE coins will find us invested! @Phil - USDKES rout & inflation will kill off the economy. Expect gok to start downgrading the lofty GDP estimates... True @Hisah, infact that will be reflected in banks Q3 numbers, but beyond that,Q4, i expect inflation to ease locally, and a corresponding appreciation of our currency!This should reflect in stock prices. By the way, in my previous post,i meant NSSF coins and not NSE coins.I have since amended. Hope this too, together with a possible QE in the US and a hopefully less debt ridden Europe will make us smile in Q4! @SufficientlyP
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