thesilentone:
If we take a cue from the Fed when they said Inflation was transitory, then your insinuations are correct.

However, we have an unpopular new PM, a new Chancellor that looks out of his depths (daily) with reckless tax cuts and an utterly, irresponsible mini-budget.

A number of interventions are expected to take place if the QE is not temporary.

Market will show the central bankers that it is now in charge of any monetary policy decisions.

thesilentone:
If we take a cue from the Fed when they said Inflation was transitory, then your insinuations are correct.

However, we have an unpopular new PM, a new Chancellor that looks out of his depths (daily) with reckless tax cuts and an utterly, irresponsible mini-budget.

A number of interventions are expected to take place if the QE is not temporary

Fed said lots of things that market proved them to be incorrect. Like you said, "inflation is transitory".

There will never be any financial crisis in our lifetime - Janet Yellen

We can achieve a soft landing - Jay Powell

There is no recession - Jay powell

We will bring inflation down to 2% target - Jay Powell.

Soft landing looks increasingly difficult to achieve - Jay Powell.

Two quarters of GDP declines doesn't mean a recession - Jay Powell.

And lots of flip-flops.

Central bank credibility is seriously at stake here.

Just trade the signals you see and make money off dem CB.

RabbiDoracle:


Yes, there can be simulations but I doubt if the scale of the damage and some outlier responses can easily be simulated. Some can get out of hand which they may not have foreseen.

Technical analysis is predicting that there needs to be one last major rise (parabolic rise) that stocks need to make to end the supercycle. And if this move (central banks starting QE) will cause that huge rise in equities, then so be it. That is why I continued to be bullish all EMs.

We will see.

Okay, I understand you.

The most important thing is to take advantage of what is about to happen

* I cautiously scanned thru today's price list.......and surprisingly, there wasn't many "reds" as may be expected..
* Some stocks reversed the shedding towards closing time...
* Can see only GTCO seriously beaten.....
* It is well.

"BoE were responding to a “run dynamic” on pension funds - a wholesale equivalent of the run which destroyed Northern Rock.
Had they not intervened, there would have been mass insolvencies of pension funds by THIS AFTERNOON."

Imagine.

Hearing that the finance minister (Kwazi Kwarteng) had been told to resign. But he is resisting.

Complex things happening.

Just imagine doing QE when UK is faced with 10% inflation rate. Inflation will finish the DMs.

LordAdam16:


Actually a lot of farmers got that money.

The CBN also disbursed COVID intervention funds to individuals and companies under different schemes. The TCF for households is N300B. That for pharmaceutical companies is N100B. Most recipients have not paid back and you can verify real people and companies got them, since they were linked to BVNs and TINs.

-Lord

Na so, APC Farmers got the money right? They must be the ones that whined Emefiele’s head that he can become President.

Treasury bills is now 12%, why put money in risky assets like stocks.

Interesting days ahead. But I have a strong feeling that third quarter results will be very good and give a boost to the market

Which is the best platform to invest on Treasury bill.

What's going on with GT Bank plc,I am down with a loss of 1.5m. Pls someone should advice me.

BoE is set to buy long dated bonds at a rate of up to £5BN per DAY (not typo) for the next 13 working days.

The Conservatives are trying to please their party members with crazy, economically damaging policies.

This is why I don't hit my head against the wall about Macro-economics. Too many variables with little control over anything.

I focus on the business/company.

RabbiDoracle:
"BoE were responding to a “run dynamic” on pension funds - a wholesale equivalent of the run which destroyed Northern Rock.
Had they not intervened, there would have been mass insolvencies of pension funds by THIS AFTERNOON."

Imagine.

Hearing that the finance minister (Kwazi Kwarteng) had been told to resign. But he is resisting.

Complex things happening.

Just imagine doing QE when UK is faced with 10% inflation rate. Inflation will finish the DMs.

There is no respite for GTCO at the moment. The Selling pressure/volume is significant.

yMcy56:
* I cautiously scanned thru today's price list.......and surprisingly, there wasn't many "reds" as may be expected..
* Some stocks reversed the shedding towards closing time...
* Can see only GTCO seriously beaten.....
* It is well.

thesilentone:
BoE is set to buy long dated bonds at a rate of up to £5BN per DAY (not typo) for the next 13 working days.

The Conservatives are trying to please their party members with crazy, economically damaging policies.

This is why I don't hit my head against the wall about Macro-economics. Too many variables with little control over anything.

I focus on the business/company.

They did already. They bought £1b out of the £5b offered today. Printing cash to buy bonds. BoE has expressed that if her move can't contain the pressure, then the UK financial stability will be impacted significantly.

This is immaterial now. We are now focusing on the nuclear ping-pong that could occur soon between the elephants. The two elephants are giving emergency orders for their citizens to leave each other's country.

Stay safe guys.

daddymgg:
Which is the best platform to invest on Treasury bill.

What's going on with GT Bank plc,I am down with a loss of 1.5m. Pls someone should advice me.

I am 36% down on GTCO which is like 80% of my total portfolio. Me too I need advice.

gabscity:


I am 36% down on GTCO which is like 80% of my total portfolio. Me too I need advice.

Lol, no be only you. I loaded more GTCO at 20 naira last month thinking I was buying the dip.
Right now, I am only hoping it goes lower. The current gross dividend yield is making it even more attractive (assuming they don't reduce dividend o) and the CRR increase doesn't eat into their income.

thesilentone:
There is no respite for GTCO at the moment. The Selling pressure/volume is significant.

Hhmmm.
Let's see if the 17.50 support will hold.
Like you said, this week's trading is important to GTCo.
Touched 17.75 briefly yesterday and quickly bounced back..

daddymgg:
What's going on with GT Bank plc,I am down with a loss of 1.5m. Pls someone should advice me.

gabscity:
I am 36% down on GTCO which is like 80% of my total portfolio. Me too I need advice.

I know I'm not worthy to advice you o.......but when I see this kind of posts, it moves me.

I think at this point, capital preservation will be the best bet.
What I mean is that, you have to be very patient. We've been in this type of scenario before. That time, it was even worst because it cut across the whole market.....but respite eventually came.

Like someone asked that time about this same GT, my advice then was to remain patient and control emotions; don't sell at loss, plan in your mind to convert to dividend stock for now, and if possible, stop logging in to your trading account to be checking and calculating the loss. If there's enough spare funds, you may wait for bottom-bottom to pick more when reversal is sighted.

GTCo's results released so far were not that bad to warrant this huge shedding and dumping, some internal forces may be at play, especially since the demise of the owner...coupled with the economic situations in the country and across the globe.

Let's be hopeful that things will turn around for good in not to far distance.

Most of those who are buying GTCO now are in the hope of a massive dividend yield. But this one that GTCO has bent its head one side like an old layer egg, 2 things are possible

1. They may shock themselves by declaring a dividend far BPE (Below Public Expectation)

2. They may dip into RE (Retained Earnings) and declare a dividend as massive as that of yesteryear. But sadly, after QD, that may further push the price level towards the N15 neighborhood.

We watch and wait...�

.

gabscity:

I am 36% down on GTCO which is like 80% of my total portfolio. Me too I need advice.

2 options available...

Wait till it bounce back ...
Dey enjoy your interim and final dividend...
At least GTCO no go die in the next 2 years
Or
Sell if you cant sleep in the Nite.

he should wait, there is no need to sell. He should even buy more if there is money. This phase will soon go away.

Willie2015:


2 options available...

Wait till it bounce back ...
Dey enjoy your interim and final dividend...
At least GTCO no go die in the next 2 years
Or
Sell if you cant sleep in the Nite.

I dont think market will react so negatively to the news of interest rate hike.
Meanwhile Access bank has reset this morning touching 8.55 after opening the day at 7.85

Did CBN governor just woke up from sleep?



https://thenationonlineng.net/cbn-goes-after-states-farmers-over-n600b-unpaid-loans/

Massive crossing going on on STANBIC and JAIZ bank presently

Fidelity meeting ongoing.

I just want to collect my UBA dividend abeg

thesilentone:

This is why I don't hit my head against the wall about Macro-economics. Too many variables with little control over anything.

I focus on the business/company.

This is the best approach as well in my humble opinion...

essentialone:
Most of those who are buying GTCO now are in the hope of a massive dividend yield. But this one that GTCO has bent its head one side like an old layer egg, 2 things are possible

1. They may shock themselves by declaring a dividend far BPE (Below Public Expectation)

2. They may dip into RE (Retained Earnings) and declare a dividend as massive as that of yesteryear. But sadly, after QD, that may further push the price level towards the N15 neighborhood.

We watch and wait...�

This statement ... this one that GTCO has bent its head one side like an old layer egg ... because the company's long-term fundamentals is bad or that some sellers are offloading for reasons unknown? If d later then we have a valuable stock.

What is you take on fundamentals?

Ginalex:
I just want to collect my UBA dividend abeg

Wonder what’s taking so long

Camoready:


Wonder what’s taking so long

relax, UBA usually comes in the evening/night

Ades1:



relax, UBA usually comes in the evening/night

it has landed

rebekah2011:
he should wait, there is no need to sell. He should even buy more if there is money. This phase will soon go away.

Supported.

daddymgg:
Which is the best platform to invest on Treasury bill.

What's going on with GT Bank plc,I am down with a loss of 1.5m. Pls someone should advice me.

At this point sir

My advise will be to HODL...


Liquidating right now will crystallize your loss

Good morning all.
Please, can individual invest in treasury bill now?