I think the stimulus would be approved today. The DOW is already up 7% and everything is up today, from oil, gold, and stocks around the world. Like you said, lets see how it goes.

Meanwhile the new virus - HANTAVIRUS is true but not contagious except via body fluid, just like Hepatitis B et al, so no cause for concern.

RabbiDoracle:


There has been positive divergence on all markets worldwide.

I guess the catalyst was Senate approving the trillions of stimulus.

Let's see how far it will drive it.

SEC Postpones Q1 Capital Market Committee Meeting
https://businesspost.ng/economy/sec-postpones-q1-capital-market-committee-meeting/

Dangote Cement to Sell Bonds for Debt Refinancing
https://businesspost.ng/economy/dangote-cement-to-sell-bonds-for-debt-refinancing/

Nigerian Businesses Must Prepare for Greater Challenges Ahead
https://businesspost.ng/general/nigerian-businesses-must-prepare-for-greater-challenges-ahead/

CBN Retains Monetary Policy Rate at 13.5%
https://businesspost.ng/economy/cbn-retains-monetary-policy-rate-at-13-5/

Uchetoba:
If this is true then China should be lock out from the rest of the world.

The virus has been with China.

I think Dow has been halted for hitting limit up.

First was the futures.

Bomboclad:
I think the stimulus would be approved today. The DOW is already up 7% and everything is up today, from oil, gold, and stocks around the world. Like you said, lets see how it goes.

Meanwhile the new virus - HANTAVIRUS is true but not contagious except via body fluid, just like Hepatitis B et al, so no cause for concern.

It is not a new virus.

seyisanya:
My oga, u b thebargainhunte, you should know what to do when that happens!

That's what I know how to do best.
Na to borrow oracle bullion van be that oo

The bottom is near but not yet.

https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/A168114A-6D23-11EA-8762-407E1360EFBA

meshpips:
Here's the yearly chart I used for GTB's analysis back then.

The third touch of the demand trendline which happens to be in confluence with the 2015 closing price is the lowest possible I see GTB doing for this year 2020.

That should be the 16.XX price handle I spoke about earlier.

In my opinion anywhere from 19.4X - 16.XX is an excellent buy for GTB.

From that entry, the first target will be around 40 or 41.XX price handle.

GTB ought to be done with the sell off.

All the best everyone!

Food for Thought:

With the Corona virus pandemic causing mass layoffs and record unemployment, it’s clear that recession 2020 has already begun. This post will outline everything that I’m personally doing to prepare for this downturn.

First off, this is my 3rd recession. In my adult life, I’ve had the misfortune of living through 2 other downturns in 2002 and 2008. And during my first financial crisis, I was paralyzed in fear.

While everything was crashing all around me, I hesitated and made wrong, emotional decisions out of panic.

In 2002, I sat there on the sidelines and watched my stock portfolio plummet to less than 50% of its original value.

And because I couldn’t handle the pain, I sold many stocks at their lowest point, stayed in cash and proceeded to miss the multi-year bull market that came after.

Following the 2008 crash, I was determined to not make the same mistake as 2002 so I bought a bunch of stocks and held onto them to make a decent profit.

During this period, I also started both of my businesses, Bumblebee Linens and MyWifeQuitHerJob, because I was determined to become financially free and not depend on my day job income ever again.

Looking back, I never felt more helpless than when I was working for the man because I had no control.

I still remember when everyone at my company was terrified of getting laid off.
I still remember when many of my close friends got the ax.
I still remember when I couldn’t sleep at night and I lived in constant fear of losing my job. It sucked.

But fast forward to recession 2020, I’ve got a lot more experience under my belt and this time, I plan to act rationally.

sellydion:
Food for Thought:

With the Corona virus pandemic causing mass layoffs and record unemployment, it’s clear that recession 2020 has already begun. This post will outline everything that I’m personally doing to prepare for this downturn.

First off, this is my 3rd recession. In my adult life, I’ve had the misfortune of living through 2 other downturns in 2002 and 2008. And during my first financial crisis, I was paralyzed in fear.

While everything was crashing all around me, I hesitated and made wrong, emotional decisions out of panic.

In 2002, I sat there on the sidelines and watched my stock portfolio plummet to less than 50% of its original value.

And because I couldn’t handle the pain, I sold many stocks at their lowest point, stayed in cash and proceeded to miss the multi-year bull market that came after.

Following the 2008 crash, I was determined to not make the same mistake as 2002 so I bought a bunch of stocks and held onto them to make a decent profit.

During this period, I also started both of my businesses, Bumblebee Linens and MyWifeQuitHerJob, because I was determined to become financially free and not depend on my day job income ever again.

Looking back, I never felt more helpless than when I was working for the man because I had no control.

I still remember when everyone at my company was terrified of getting laid off.
I still remember when many of my close friends got the ax.
I still remember when I couldn’t sleep at night and I lived in constant fear of losing my job. It sucked.

But fast forward to recession 2020, I’ve got a lot more experience under my belt and this time, I plan to act rationally.

Hands down, this is the comment of the year! Celine Dion needs to meet Mr Sellydion for a special date . Thanks for sharing, sir.

Dow on fire fire

RabbiDoracle:

There are many locals that are buying as well, not just FPIs.

Please Rabbi...
What does FPIs mean.

wamiikechukwu:


Please Rabbi...

What does FPIs mean.

Foreign Portfolio Investors

thebargainhunte:
Dow on fire fire

10%

Stimulus bill seems to be approved.

RabbiDoracle:

Foreign Portfolio Investors

Thanks.... So this means other nationals also buy stocks from the NSE.
Also... Can you recommend a good broker for me...
Thanks

meshpips:


GTB ought to be done with the sell off.

All the best everyone!

Go tell that to the baboon.I can predict my own.Gt bank will do #50 some day but when I don't know and what will be the reason I don't know.All I know market is not static.

Biafran4life:
Go tell that to the baboon.I can predict my own.Gt bank will do #50 some day but when I don't know and what will be the reason I don't know.All I know market is not static.

Why the hate talk, the guy used a graph to back his predictions, where is yours

Give him credit please. Unto Caesar....

Peace!

RabbiDoracle:


10%

Stimulus bill seems to be approved.

Not yet announced but optimism is very high.

Brent is down

Stocks with new 52 week lows
Uba #4.40k
ETI #4.05k
Nascon #8.50k
Conoil #13.15k

https://www.nairaland.com/5753451/sanwo-olu-all-banks-offices-markets
Lagos state government has ordered the closure of all banks, offices, markets and courts in the state effective from Thursday.

thebargainhunte:
Brent is down

It may still trend down more going by current news today. There are increasing numbers of shutdown all around the world. India just announced a lockdown of 1.3b people today for 21 days.

Sir, doesn't that means that we should be expecting more fall in shares?

RabbiDoracle:


It may still trend down more going by current news today. There are increasing numbers of shutdown all around the world. India just announced a lockdown of 1.3b people today for 21 days.

brandable:
Sir, doesn't that means that we should be expecting more fall in shares?

Oil wey don dey go up again.

brandable:
Sir, doesn't that means that we should be expecting more fall in shares?

They said positive divergence ni.
On top bigy bigy problems.

Biafran4life:
Go tell that to the baboon.I can predict my own.Gt bank will do #50 some day but when I don't know and what will be the reason I don't know.All I know market is not static.

Whem market dey deal with person e nor dey hard to know.

Bros pele.

Somehow you missed that of 2015, you did not talk about that?
2002? Was there a recession then? Not sure I remember there being a recession.

sellydion:
Food for Thought:

With the Corona virus pandemic causing mass layoffs and record unemployment, it’s clear that recession 2020 has already begun. This post will outline everything that I’m personally doing to prepare for this downturn.

First off, this is my 3rd recession. In my adult life, I’ve had the misfortune of living through 2 other downturns in 2002 and 2008. And during my first financial crisis, I was paralyzed in fear.

While everything was crashing all around me, I hesitated and made wrong, emotional decisions out of panic.

In 2002, I sat there on the sidelines and watched my stock portfolio plummet to less than 50% of its original value.

And because I couldn’t handle the pain, I sold many stocks at their lowest point, stayed in cash and proceeded to miss the multi-year bull market that came after.

Following the 2008 crash, I was determined to not make the same mistake as 2002 so I bought a bunch of stocks and held onto them to make a decent profit.

During this period, I also started both of my businesses, Bumblebee Linens and MyWifeQuitHerJob, because I was determined to become financially free and not depend on my day job income ever again.

Looking back, I never felt more helpless than when I was working for the man because I had no control.

I still remember when everyone at my company was terrified of getting laid off.
I still remember when many of my close friends got the ax.
I still remember when I couldn’t sleep at night and I lived in constant fear of losing my job. It sucked.

But fast forward to recession 2020, I’ve got a lot more experience under my belt and this time, I plan to act rationally.

meshpips:


Whem market dey deal with person e nor dey hard to know.

Bros pele.

meshpips:


Whem market dey deal with person e nor dey hard to know.

Bros pele.

Fear God o.

brandable:
Sir, doesn't that means that we should be expecting more fall in shares?

NSE is oversold. It should reverse based on technicals.

Most stocks worldwide are in the same situation.

You can position to make money short term or you stay long term if you bought at a good low.

meshpips:


Whem market dey deal with person e nor dey hard to know.

Bros pele.

Savage!

locodemy:


They said positive divergence ni.
On top bigy bigy problems.

My dear, leave story o. People are making money o.

Once there is that positive divergence, it must go up. What (news) will come up to make it go up, i don't know.

I am in a place where there are over 1,500 cases and over 30 deaths and the stock market did almost 6% today. There are restrictions to work, schools, movements, yet Portfolios are still green.