Once again thank you lawpavilion for this topic. The issue raised is very touchy, weighty, and multidimensional. Infact you have listed above some possible causes of the nose diving or southward trend of the market and to quote you is to repeat just one of your point which is False representation of value assisted by speculators who have no business in the capital market and let me say this, first and foremost everysoul that have lost money in the capital market has just exposed the level of their ignorance and understanding of the market.
Although a large number of us pretended to be expert of some sort but we took for granted that the capital market is not like the money market where you are allowed to invest funds for as low as 7days, 20 days, 30days and so on. Everyone one of us created liquidity out of a market that was supposed to be long term with long term fund and ran capital market like a savings or current account where you debit or credit everyday. This is not the intendment of the market.
Congratulations to everybody wether you lost or gained money the most important thing is that water must find its level and that has just happened.
Coming to legal aspect with due respect to the regulators they have fsiled us and infact they
contributed to misleading the general public, when they were to provide the needed information they told us through every available means that this is the time to make money and of course we all went in and we crashed like pack of cards.
The cause of the problem is simply greed nothing more from expert to non expert everybody became greedy and of course the get rich quick syndrome. Don't listen to those who try to cover up by explaining it away from the perspective of global recession it is a lie i know some of my clients who did not even touch it. let me share this with you one of my customers told me that the day his security staff started telling him about shares was the day he sold all his shares and ran out of the market because it became a free for all affairs
To me there is no problem we have done money ritual and we are feeling the effect why are we crying please this is the time to buy but seek professional advice from those who really know not those who are pretending to understand the market.
Government need not interven are they to inject fresh funds or what or to repay loans of over a trillion or what. The only way out is for investors to average down and if thier loss is huge they should put it in will or trust for thier children so that the price will craw till it gets there one day.
I only do hope we have learnt our lessons. Just don't be a victim instead be a victor.
Thank you.
e-mail: kakingbola2002@yahoo.com
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