₦airaland Forum

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as the popular saying goes everything that goes up must come down .lol.at least not considering the nigerian factor.of recent we ve witnessed atstounding rise in the share prices of the major sectors of companies listed on the NSE.they keep rissing and their IPO's are mostly oversubscribed.were r wee heading?most nigerians are now jumping on the band wagon investing huge sums of money in these companies and getting ample returns.is the bubble gonna burst?take a very good case scenario on the chinese stock exchange where prices kept on rising at an astronomical rate,and at one point there was over a 100,000 new investors daily and most of them were first timers.the chinese government then imposed tax on the puchase of stock and on the profit generated from the sales of such stock so as to reduce the alarming risin and kool down the stock market cos it may simply overheat and will definately have drastic effect on the fast growing chinese economy.the market then witnessed drop in the share prices of its indices and the result was felt around the asian countries and the globe.so taking the nigerian case are we haeding for a breakdown?when will the FG step in with some obnoxious policies on imposing taxes on share prices like they did in increasing VAT?Nigerians be very alert.things can certainly go the other way.for every reaction there is an equal and opposite reaction,so the market cant keep going up,it will definately come down.

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