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!