After an ugly year, SA stocks may be set to rally

Lew Skannen

Lew Skannen

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Not with the current political climate and pending doom that are the SOE's, credit downgrades and EWC.

As long as we are in junk status, the markets will continue to decline. Even if we go back to investment grade, markets may still trade sideways for many years before a rebound is to happen.

Governments' SOE's and policies is what is causing investors to flee. As long as they are fleeing our markets, the JSE stands no chance of rebounding any time soon.

This is not a good time to have any money invested in the JSE or South Africa for that matter.
 
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MirageF1

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Year?? SA stocks have in general been stagnant for at least 2-3 years

Closed my Momentum Wealth investment in March this year and never looked back....it had actually done rather well since inception in 2013 till 2016 ( year on year growth of between 8 and 12%) but since then my returns each quarter stopped growing eventually negative or zero growth became the norm for months and months and months on end.

My investment adviser cautioned me on hasty decisions, but after nearly 2 years of no sign of market recovery and zero growth I pulled the funds and closed the account and now am at least receiving a fairly modest but decent 6.5% return in a savings account.
 
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MrGray

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I'll believe it when I see it. Next year will likely see a nasty election and the outcome of the EWC madness. Eskom is also wobbling and there is a global trade war. Global equities are also likely at their very peak - there's only so long they can sustain a continuous upward trajectory since 2008 without a major correction - cracks are starting to show as the major bourses have declined somewhat in recent weeks. Sadly, it doesn't seem like there's much going for 2019, but you never know, reality has a way a proving your predictions wrong.
 
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MirageF1

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^^^^ global markets and politics and economics...

I really don't hold out any hope of a market recovery, but...as you say...anything can happen in this crazy world.
 
backstreetboy

backstreetboy

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MirageF1 said:
Year?? SA stocks have in general been stagnant for at least 2-3 years

Closed my Momentum Wealth investment in March this year and never looked back....it had actually done rather well since inception in 2013 till 2016 ( year on year growth of between 8 and 12%) but since then my returns each quarter stopped growing eventually negative or zero growth became the norm for months and months and months on end.

My investment adviser cautioned me on hasty decisions, but after nearly 2 years of no sign of market recovery and zero growth I pulled the funds and closed the account and now am at least receiving a fairly modest but decent 6.5% return in a savings account.
Click to expand...
Should've fired your FA. Even a money market fund will get you better returns.
 
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John Tempus

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If the international market (specially tech) is getting hammered like their is no tomorrow I doubt our SA stock market have any hope in hell to see any sunlight in the near future.
 
Lew Skannen

Lew Skannen

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John Tempus said:
If the international market (specially tech) is getting hammered like their is no tomorrow I doubt our SA stock market have any hope in hell to see any sunlight in the near future.
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Agreed.

All these news articles are mere kicks by dead horses trying to get people to invest. The stock exchange is in trouble. Too much money is leaving. They may fool stupid people to invest and slowly lose their money in the long run, but the days of getting investors to invest large sums of money is gone.
 
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