Curled from http://www.deoluakinyemi.com/2008/08/22/blood-on-the-dance-floor/

Do you know any better way to describe the current events on the Nigerian Stock Exchange?
I don’t. I don’t know of any more graphical way to paint the picture of what is going on in the
Nigerian Stock Market right now! I think Michael Jackson got the phrase right, “there is blood
on the dance floor”. Reading the lyrics of that song in detail, it even amazes me that the girl that
spilled the blood was a one night stand Now parallel that with being a speculator rather than
a long term investor in today’s market. If you look at it that critically, you might see Michael as
a prophet :). You come to the dance floor to enjoy, to let you hairs down, to celebrate… and
you are about getting into the groove, and you see a splash of blood, you are shocked and
everybody panics, is this a drink, ketchup or someone’s blood? You look around to see the
source, and then the whole club spots it all at once, there is blood on the dance floor, and the
blood, is yours!

It wouldn’t amaze any avid stock market investor now, that people have started committing
suicide. People have lost millions, some billions in this “market correction”, and if it was only
money that was lost, one might not be so bothered. The average person has already lost
about 50% of his capital in this craziness, and the end is yet to come. Many who have a normal
penchant for taking higher risks, by using the bank’s margin facilities in this market, are crying -
sorry, weeping! Week after week, I have studied different opinions on what was causing the
land slide of share prices and where hope lies, and honestly it got to the point where I figured
it all out. I not only figured it out I figured out what to do. I’m sure you are wondering what
exactly that is?…Read on. Continue Reading »