Daily Market Blog: Nigerian funk for MTN
"And it is about Nigeria, where (as per the release), there was Constrained subscriber growth ... as a result of regulatory pressure. Continued unrest in the northern part of the country and indeed the aforementioned pressures as a result of a "dominant operator" ruling in Nigeria, saw a modest decrease in the subscriber base of around 85 thousand customers to 58.363 million."
To market, to market to buy a fat pig. Ummmm ... I read a headline that investors were worried as a result of shots fired in the Canadian capital, Ottawa, at the parliamentary buildings. I guess this is no matter to be taken lightly, for Cpl. Nathan Frank Cirillo and his family it is the end of the world. All he was doing was guarding the tomb of the unknown soldier, a War Memorial, and by guarding I mean standing unarmed. He was shot by some crazy person, who had multiple drug related charges -> Alleged Ottawa shooter apparently had criminal past in Quebec, was repeatedly brought in on drug charges. Sigh. Guns and unstable people, we know more than a little about that in these parts.
I guess the long and the short is that if you get someone who can get that close to one of the leaders of the world, who presides over the 13th largest economy on the planet, that is cause for some concern. Earnings ultimately set the levels, Boeing took some heat yesterday, the stock was down nearly four and a half percent. In the end, the Dow was down in the second half of the session, down by 0.92 percent. The broader market S&P 500 lost three quarters of a percent on the day, well over one percent on the day from the high point.