MarketWatch

[wanaj0]

Who is in the blue corner? Who is in the red corner? Need to know so that I acn know who to support. I am always on the winning side.

[Monwowo]

Originally Posted by kenebobo

Wow it is so nice to see that the bulls are back. we better find rope and tie it so that it doesnt run away . At a point in time I almost thaught that the stocks would never rise.

Bull ke! During a bear run, u need three days of market gains to pay attention. Let us wait. We also know that after a fall like this, we are bound to see some side way movt before the upward surge.

[muranay@yahoo.com]

Originally Posted by hispy99

what has Obama's victory got to do with this market rebound?

I have said that this is OBAMA RUSH created by speculators in anticipation of FDI.

But if FDI fails to come in the next few weeks they will exit and take profit.

[pegheneji]

Originally Posted by zainabusman

Amen. The regulators made us endure 42 negative days because of the ill advised 1% cap. Lets hope they will learn something from the last 2 months debacle.

I think is wrong for us to blame them because they are human being like us. Many analyst including over 80% of us that commented on this forum aplauded sugested and applauded the decision! if we are in their shoes could we have done better? let's just hope that we all have learnt some lessons

[citizen]

World oil prices sink below $60
AFP Published:Nov 07, 2008
SINGAPORE — World oil prices sank below 60 dollars in Asian trade on Friday, with the market gripped by worries energy demand would be hit by a global economic downturn, dealers said.



New York’s main contract, light sweet crude for December delivery briefly traded below the 60-dollar level at 59.97 dollars, its lowest level since March 2007, but later regained some ground to trade at 60.52 dollars.


The New York contract closed on Thursday 4.53 dollars lower at 60.77 dollars.


Brent North Sea crude for December delivery was off 81 cents to 56.62 dollars a barrel from Thursday’s close of 57.43 dollars. Fears of a sharp global downturn intensified after the International Monetary Fund said on Thursday that advanced economies would contract in 2009 for the first time since World War II.


In sharp downward revisions to its last economic projections made less than a month ago, the IMF said advanced economies would now shrink by 0.3% in 2009. The organisation had previously predicted a 0.5% growth.


Oil prices have plunged from record highs above 147 dollars a barrel in July on worries that slowing global growth, especially in the United States, would hit energy demand.


The United States is the world’s biggest energy user.


“The big issue that remains a drag on investor sentiment is the parlous state of the global economy,” said analysts from State Street Global Markets, the investment research and trading arm of US financial services provider State Street Corporation.


“This slowdown will spare no part of the globe,” they said in a report.


On Thursday, the European Central Bank (ECB) and the Bank of England (BoE) were the latest to slash interest rates in a bid to shore up flagging economies following similar moves by Asian central banks and the US Federal Reserve

[donchisel]

Originally Posted by kenebobo

Wow it is so nice to see that the bulls are back. we better find rope and tie it so that it doesnt run away . At a point in time I almost thaught that the stocks would never rise.

Oldboy eeehh!!! So you actually ran away from the Market High BP. Welcome back to the Forum.

[donchisel]

Originally Posted by zainabusman

Exactly. I dont know what is wrong with some of our analyst. They can do better.

Are these analysts or Journalists? I think the Press around here has completely lost ideas in terms of making headlines.

[hispy99]

Originally Posted by pegheneji

I think is wrong for us to blame them because they are human being like us. Many analyst including over 80% of us that commented on this forum aplauded sugested and applauded the decision! if we are in their shoes could we have done better? let's just hope that we all have learnt some lessons

I doubt if 80% of forumites applauded 1% rule..more like 80% (or more) were against it and 20% were for it.

[hispy99]

who has news on the market? Are the bulls still around?

[Michael]

Originally Posted by BLUEMONEY

I dont expect the Bank to solve the problem of everyone because even the Government cannot do that. what I am saying is that they should not add to the problem by releasing misleading figures and should do all they can to make Borrowing Attractive to Small Business owners in the Real Sector

Why do they keep telling us that they have pumped Trillions into the Real Sector when we are not seeing the effect in the Sector ?????

The Six Points you raised above are very Thoughtful but even when a small Business Owner meets those Requirements, is the interest rate been charged by the bank friendly ????? No it is not.

The Small Business Owners that cannot met some of those Requirements are sometimes refered to Micro-Finance Banks which according to Prof Soludo is meant to Empower the Grassroot. But right now I can tell you that the Purpose of MFB is almost defeated because those in the Grassroot that take loans from these MFB are the ones Empowering the Banks.

I Have been Observing this trend for sometime but saw an Example of the Abuse of the Purpose of MFB the last time I was in Warri. The MFB in Question collected thier Money from one the Mega Banks at a high interest rate to do business with a group of small business owners.

When they got to the MFB and having meet thier Requirements, they were told that the interest rate is 35% and that they should be paying on a monthly basis without Default or Else.....

Some of the Business Owners did not Collect the Loan because they knew that there is no way they can make head way but some did collect the loan. The Last I heard of those that took the loan was that they Defaulted and the MFB is after them seriously because they are not making any meaningful progress.

So MFB which is meant to be the Lifeline of Business People in the Grassroot is Fast Becoming A ''Monkey Dey Work, Baboon Dey Chop Bank" .

If They are not following the Soludo master plan, what is he doing about it?!

[billions]

Originally Posted by hispy99

who has news on the market? Are the bulls still around?

The site is still down but i guess trading has not started.

I dont know if d stocks i ordered 4 yesterday was bought...many brokers are yet to collect the yesterdays transaction diskettes.Maybe dey will sort dat out b4 dey start trading today.

[zainabusman]

Originally Posted by hispy99

who has news on the market? Are the bulls still around?

The NSE website is down. I cant uderstand why NSE cant have a reliable website in this day and age.

[zainabusman]

Originally Posted by billions

The site is still down but i guess trading has not started.

I dont know if d stocks i ordered 4 yesterday was bought...many brokers are yet to collect the yesterdays transaction diskettes.Maybe dey will sort dat out b4 dey start trading today.

check ur CSCS account. The Dangote i ordered was bought.

[Michael]

Originally Posted by Babs_O

Foreign Investors see capital market recovering to $100 billion



Foreign investors, including portfolio and asset managers, meeting in London yesterday predicted the capitalisation of the Nigerian Stock Exchange, which now stands at between $60 billion and $70 billion will recover and quickly rise to $100 billion once the current downward climate comes to an end. They also showed their growing appetite for opportunities in Nigeria by demanding that the Federal Government moves to introduce a global dollar bond to the international financial market. Such a bond will enable Nigeria raise much needed funding for key infrastructure projects.Hendrik du Toit, chief executive officer, Investec Asset Management, said the Nigerian capital market remains lucrative and is being keenly observed by international investors who are always looking to take positions when sentiments become right again. The Nigerian market has only suffered like other emerging markets following the global financial crisis, du Toit said. But Nigeria needs to position itself by thinking differently to ensure that the economy continues to attract private capital and foreign direct investments (FDI).



Source: Businessday Newspaper

To add Insult to Injury, they are "demanding". Have we begged them for Money for Infrastructure?

[billions]

Originally Posted by zainabusman

check ur CSCS account. The Dangote i ordered was bought.

I have not registered 4 dat service yet...i tend to do everything over d phone.Thx.