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Off topic / Re: Live chat
« on: June 13, 2018, 09:48:31 pm »
Looking specifically at our market which has been as volatile as 2007/8 here are some sobering numbers related to the ALSI:-
6/10/2017 57328.07
10/10/2017 57670.29 T40 51502.53
26/10/2017 58852.54
06/11/2017 60086.92 T40 53682.89
21/11/2017 61267.94 T40 55156.55
25/01/2018 61684.77
These number represented the highest highs
Today
13/06/2018 58437.23 T 40 52200.03 and today the ALSI moved higher by 229.41 points and the T40 290.63
So the reality is that we have had significant retracements on the indices and also our exchange rate has deteriorated quite substantially
Not a pretty picture - if only the NPA would start criminalizing some of those persons responsible for state capture and theft
6/10/2017 57328.07
10/10/2017 57670.29 T40 51502.53
26/10/2017 58852.54
06/11/2017 60086.92 T40 53682.89
21/11/2017 61267.94 T40 55156.55
25/01/2018 61684.77
These number represented the highest highs
Today
13/06/2018 58437.23 T 40 52200.03 and today the ALSI moved higher by 229.41 points and the T40 290.63
So the reality is that we have had significant retracements on the indices and also our exchange rate has deteriorated quite substantially
Not a pretty picture - if only the NPA would start criminalizing some of those persons responsible for state capture and theft