Is a stock market crash possible in Nigeria?

[Captain Ugo]

The only immediate remedy i can see, is a mop up strategy, that is buying up the excess supply of shares, either engineered by the much speculated market makers (the 6 mega banks) or the federal government investing the tax payers money like the US govt. is doing now. Outside this, i wonder how long it will take the market to correct itself, because investors confidence is damned too low. i placed a sale order thru my broker for almost two weeks now to enable me reposition my self with a more fundamentaly strong portfolio, till date no show. God save Nigeria.

[Michael]

Originally Posted by Captain Ugo

The only immediate remedy i can see, is a mop up strategy, that is buying up the excess supply of shares, either engineered by the much speculated market makers (the 6 mega banks) or the federal government investing the tax payers money like the US govt. is doing now. Outside this, i wonder how long it will take the market to correct itself, because investors confidence is damned too low. i placed a sale order thru my broker for almost two weeks now to enable me reposition my self with a more fundamentaly strong portfolio, till date no show. God save Nigeria.

At least nobody is asking if a stock market crash is possible in Nigeria Anymore!

[invisible!]

No, never! A stock market crash can only happen in New York or Europe.
How can our market crash with all the intelligent regulators we have here.
How can our market crash with over 57 billion dollars in excess crude wealth.
How can we crash our market with all the fantastic results we are declaring daily.
How could our market crash when stock brokers tie juju to their waist as they trade and chant incantations between bids?

Lets be real, a stock market crash will never happen here, fasten you seat belts and invest, he who is flat on his back cannot afford to fear any falls, abi?

[nichobabe81]

Originally Posted by invisible!

No, never! A stock market crash can only happen in New York or Europe.
How can our market crash with all the intelligent regulators we have here.
How can our market crash with over 57 billion dollars in excess crude wealth.
How can we crash our market with all the fantastic results we are declaring daily.
How could our market crash when stock brokers tie juju to their waist as they trade and chant incantations between bids?

Lets be real, a stock market crash will never happen here, fasten you seat belts and invest, he who is flat on his back cannot afford to fear any falls, abi?

My brother, the person go fear for falling object O!

[invisible!]

@ nichobabe81, falling objects here in this market is just blessings, falling objects in this place will be stocks falling to all time lows!

I want to see the bottom. Make una commot una mind for bad thing o! I am talking about the bottom of stock prices, I go church today na!

[pumping]

If you have time, review this thread. It is very interesting... How times have changed....

Also, look at the poll results..

[c kenneths]

Originally Posted by invisible!

No, never! A stock market crash can only happen in New York or Europe.
How can our market crash with all the intelligent regulators we have here.
How can our market crash with over 57 billion dollars in excess crude wealth.
How can we crash our market with all the fantastic results we are declaring daily.
How could our market crash when stock brokers tie juju to their waist as they trade and chant incantations between bids?

Lets be real, a stock market crash will never happen here, fasten you seat belts and invest, he who is flat on his back cannot afford to fear any falls, abi?

Hahahaha!
I know the guy that made this post back then, the guy dumped millions into the market and after six months, the guy dey push wheel barrow for a living!

Saw the guy the other day and he was telling me he wants to use his N25000 savings to start buying stocks in this downturn......I left him and crossed the road.......lol

[twentypercent]

Originally Posted by invisible!

No, never! A stock market crash can only happen in New York or Europe.
How can our market crash with all the intelligent regulators we have here.
How can our market crash with over 57 billion dollars in excess crude wealth.
How can we crash our market with all the fantastic results we are declaring daily.
How could our market crash when stock brokers tie juju to their waist as they trade and chant incantations between bids?

Lets be real, a stock market crash will never happen here, fasten you seat belts and invest, he who is flat on his back cannot afford to fear any falls, abi?

The highlighted part is the part that cracks me up everytime I read this comment..with this current downturn, maybe some brokers will be tying juju again to cause people to buy their oceanic shares off them