Wednesday, April 01, 2009
World's Worst Stock Market?
It's official.
The losses in the Nigerian Stock Exchange are the W.O.R.S.T. at least, out of 89 markets.
It's amazing.
Other countries have rioted, implemented drastic measures, implemented bail outs, etc.
But we?
We just trudge on.
No one says anything.
Our president is a mute.
I'm not even sure we have a finance minister.
Have you heard of him/her?
And now, we are the absolute worst?
No wonder we were once rated "Happiest Country" in the world!
Kill us and we'd laugh at you.
Ha! I laugh in the face of death!
Nigeria’s stock market, Africa’s best performer during the past decade, posted the biggest declines worldwide in the first quarter as bad loans to speculators pushed bank valuations to an all-time low.
The Nigerian Stock Exchange All Share Index fell 37 percent this year, the steepest quarterly decline in more than a decade and the worst of 89 benchmark indexes tracked by Bloomberg.
Continue reading here
As for my personal stock portfolio?
Rest In Peace.
I bequeath them to my great grand kids.
The losses in the Nigerian Stock Exchange are the W.O.R.S.T. at least, out of 89 markets.
It's amazing.
Other countries have rioted, implemented drastic measures, implemented bail outs, etc.
But we?
We just trudge on.
No one says anything.
Our president is a mute.
I'm not even sure we have a finance minister.
Have you heard of him/her?
And now, we are the absolute worst?
No wonder we were once rated "Happiest Country" in the world!
Kill us and we'd laugh at you.
Ha! I laugh in the face of death!
Nigeria’s stock market, Africa’s best performer during the past decade, posted the biggest declines worldwide in the first quarter as bad loans to speculators pushed bank valuations to an all-time low.
The Nigerian Stock Exchange All Share Index fell 37 percent this year, the steepest quarterly decline in more than a decade and the worst of 89 benchmark indexes tracked by Bloomberg.
Continue reading here
As for my personal stock portfolio?
Rest In Peace.
I bequeath them to my great grand kids.
23 comments:
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I have simply stopped looking. No point getting into a rave when here's nothing i can do about it.. My only concern is that my employee savings plan was investing in the stock market! Maybe I'll just adopt your RIP strategy.. Its the only thing that makes sense it seems!
no point. One would get a heart attck from following that damned thing...all money invested might neva be recovered! someone shoot me! wat d hell was i thinking....
it is really patethic. people have committed suicide due to margin loans taken
May they rest in troubled peace.
I'm surprised the knock off effects of the boom and bust here is felt that deeply in Nigeria? But who still buys financial instruments in Nigeria anyway?
And there I thought our financial markets were not sophisticated enough to be involved in this catastrophe...
Oil Revenues being low are not helping matters either... *sigh*
Oil Revenues being low are not helping matters either... *sigh*
the meat seller said
*dollar don rise* whilst i was haggling...........
i say along with you RIP........
*dollar don rise* whilst i was haggling...........
i say along with you RIP........
For once I'm glad I followed bad advice and shunned the stock market.
First time here and I'm loving it already...
No wonder...
First time here and I'm loving it already...
No wonder...
I vowed never to buy shares again after my experience with the Nigerian Stock market last year. The value of the shares just kept decreasing. The thing pained me sha. The worse part is that I bought access bank shares (rubbish!). But truly my response was rest in peace approach. Very sad.
Lol @ "As for my personal stock portfolio?
Rest In Peace.
I bequeath them to my great grand kids"
I agree with you.......Nigerian stock market....I don't even know what to say. The more one looks at how the stocks are faring, the more depressed one gets.
Your RIP approach might just be it......
Rest In Peace.
I bequeath them to my great grand kids"
I agree with you.......Nigerian stock market....I don't even know what to say. The more one looks at how the stocks are faring, the more depressed one gets.
Your RIP approach might just be it......
Sad init..........
On your request....work is crazy at the moment, but i'll deliver - worst case scenario tomorrow morning.
On your request....work is crazy at the moment, but i'll deliver - worst case scenario tomorrow morning.
i think i should jus follow suit and bequath my stock to my childrens childrens as well....lol
its really saod oh,it hought i will die one time,first twas wonder banks,now these.......i go dey use my money buy cloth and icecream now.
delayed gratification no pay me 4dis matter at all....lol
its really saod oh,it hought i will die one time,first twas wonder banks,now these.......i go dey use my money buy cloth and icecream now.
delayed gratification no pay me 4dis matter at all....lol
my broda, ask the questions please, because if na me dem go just send SSS visit me sharpish.
I saw this headline and chose not to read the article. I can only take so much Naija wahala for one morning. I will instead imbibe in the addictive nectar that is Naija music. That always makes me happy...
I saw this headline and chose not to read the article. I can only take so much Naija wahala for one morning. I will instead imbibe in the addictive nectar that is Naija music. That always makes me happy...
I also said good bye to mine...never asked my stock broker (fantasy queen) what they are worth now....other wise na cry I go begin dey cry for blogville...it's going to take yearsssss to get it back to the buy prices...
Hey! It used to be the best in Africa and one of the best in the world.....
.... but we didn't know when to stop; even long after the vultures have long gone we were still psyching ourselves to make a kill.
... the carrion is called the Nigerian Stock Exchange.
... We indeed have a Minister for Finance; last thing he said was to wonder where we were going to borrow money to finance this year's budget ...
... about 3 trillion naira only.
... I hear they are eyeing PENCOM (Pensions Commission); so Danny Bagucci, you may just forget about your ESP.
.... half of the budget is to pay salaries of staff: ten percent of those are public office holders (politicians) and their entourage
... a further ten percent of the N3t is to buy fuel for the generators that power government houses.
... e go betta sha; your grandkids may actually enjoy the rebound
.... but we didn't know when to stop; even long after the vultures have long gone we were still psyching ourselves to make a kill.
... the carrion is called the Nigerian Stock Exchange.
... We indeed have a Minister for Finance; last thing he said was to wonder where we were going to borrow money to finance this year's budget ...
... about 3 trillion naira only.
... I hear they are eyeing PENCOM (Pensions Commission); so Danny Bagucci, you may just forget about your ESP.
.... half of the budget is to pay salaries of staff: ten percent of those are public office holders (politicians) and their entourage
... a further ten percent of the N3t is to buy fuel for the generators that power government houses.
... e go betta sha; your grandkids may actually enjoy the rebound
We just laugh on and act like nothing changed! Na wa!
LOL
Worst???? Dang!! God will provide: that is our slogan.
Tobenna, ke kwa'n??? Longest time. How is J?
Worst???? Dang!! God will provide: that is our slogan.
Tobenna, ke kwa'n??? Longest time. How is J?
I really feel sorry for those that invested heavily.
My own na only 1500 units of first bank shares wey i buy. Now its down to less that a 3rd of that value.
I dont even care less, havnt called my stockbroker in ages.
My own na only 1500 units of first bank shares wey i buy. Now its down to less that a 3rd of that value.
I dont even care less, havnt called my stockbroker in ages.
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For everything else i use
www.mininova.org
BTW. Multilinks turbo rocks!.
PS: you and The Mister are definitely alike...
Tobenna, let's just say infact I have given up on that one.
I invested heavily.
I invested heavily.
wow..the crunch reached nja!
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