[dejino]

And being down implies that you "recognize and accept" that the Nigerian business environment also obeys the law of gravity: Whatever goes up, will sooner than later, experience a natural tendency to come down. Whether it eventually comes down and how soon it does, is a function of certain recognizable variables

The NSE has experienced an upward and sometimes unexplainable bullish trend in the recent years. So, shall we not declare ourselves naive or at best, playing the ostrich if, we think it will always be up-up and up, forever?

That the Nigerian is an incurable optimist, can only sustain the boom for some time. That most Nigerian investors are just "joy-riders" without a clue as to how crucial "buy/hold/sell" decisions are taken, is not in doubt (can you imagine that some kept buying Afroil and Capoil even when the signs are boldly written that it might go under the probe!).

The Banking sector, the 'consistent' prime-mover of the NSE, is only enjoying the apparent buoyancy simply because we are a strictly cash-based, import oriented consumer economy: import, buy and sell

All the indicators of a very fragile economy, one not backed-up by REAL manufacturing and production, live with us day and night.
The government is entangled in wrangling and inertia caused partly by unprecedented and monumental corruption, depleted infrastructures and most dangerously, paucity of ideas and dodgy-motives on the part of those saddled with policy making and implementation!

I admit, crude oil is free manna from heaven, and still commands a good price but l hope we are all taking note of the giant strides in alternative energy? and the fact that crude oil is exhaustive?
Countries like Saudi, Dubai, UAE are already diverting and re-investing their crude-earnings in other real sectors while our own leaders are 'inventing' more sophisticated means of looting our national assets

Am not a pessimist but l think l am realistic enough to accept what is obvious: The crash will come sooner than expected.
My take is: Diversify, cushion-up and be emotionally ready

Enjoy your weekend.