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Market Outlook - Short Term
Tracked by: 108 Boarders
those TOM and HARRY were buying at 6000,they have to sell now at 50% price otherwise they will be forced to sell at 25% of price....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
aahoo
Dear BSR
All in the street are talking about market crash. Every TOM and HARRY is selling. To me it seems bottom have arrived. From here it is going to be different story. For a long time Indian market is tracking US market. It is time to concentrate on our own strength. Policy makers are also preparing the ground for stability. It is time to invest rather than looking for elsewhere for cues.
aahoo (the real bull) 
Tracked by: 108 Boarders
Hi sanjay,
Everything is possible. But nothing happens without
significant reason behind it....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : sanjay38000
if we can go from 700 to 6300..why we can not return..to 1800. everything is possible.
Tracked by: 108 Boarders
Oh okie, googol.
Thanks!
Gud luk & happy investing! :)
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
googol
0604
Dear BSR,
While many were predicting dooms day for the last one year just citing chart as the reason,only Kalidas explained the hole called subprime that American cos are in,by last Dec so precisely and said that Indian mkts would tank at the latest by III week of Jan and the fall would be more than 70% (from 6000 levels)and advised all to sell all their holdings and keep as cash.Pl.go thro` the archives to see some of his gems.He was the first one to predict the dooms day of ICICI bank when it was at 900 saying that it would fall to 200-.
He even now maintains that more pains are in the offing
Regards,
Tracked by: 108 Boarders
Dear BSR
All in the street are talking about market crash. Every TOM and HARRY is selling. To me it seems bottom have arrived. From here it is going to be different story. For a long time Indian market is tracking US market. It is time to concentrate on our own strength. Policy makers are also preparing the ground for stability. It is time to invest rather than looking for elsewhere for cues.
aahoo (the real bull)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear fmcgbites,
Latest BS views say Limited Downside and Sharp Upside Movements! :)
Let us hope better sense prevails among those Big Players!
Firm Support for Nifty around 3450 just like 9800 currently for DOW!
Those FIIs just need to stop that MAD SELLing for one or two days to get those Swift Movements!
Gud luk & happy investing! :)
Tracked by: 108 Boarders
bear market is going to end? so soon? it has not begin yet, this is just some healthy chop & correction. time wise pain and depression has yet to hit stock market....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear Vicku,
Many thanks for compliments. Bear market is likely to
end soon. if it does in near future, then I will be able
to see the next peak very clearly with my EWT telescope.
As soon as I see the peak, I will start a new thread here
which may read like....................................
WILL NIFTY CROSS 7000 BEFORE 2009 END ?
Thanks again
Tracked by: 108 Boarders
Dear fmcgbites,
Latest BS views say Limited Downside and Sharp Upside Movements! :)
Let us hope better sense prevails among those Big Players!
Firm Support for Nifty around 3450 just like 9800 currently for DOW!
Those FIIs just need to stop that MAD SELLing for one or two days to get those Swift Movements!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : fmcgbites
BullSheetRules,
can you seeing 3200 now on nifty? what is your latest BS views?
Tracked by: 1 Boarder
Shares of GE fall to 11-year low
Bellwether of U.S. economy in steady decline amid financial crisis, company reports losses in loan and lease business
PORTLAND, Ore. (AP) -- Shares of General Electric Co. hovered at around $20 Monday, the lowest point in more than 11 years as a sell-off pulled down broader markets.
The share price of the industrial and commercial conglomerate, a bellwether of the U.S. economy, has slid steadily since the financial crisis hit Wall Street last month. On Sept. 25, GE (GE, Fortune 500) cut its earnings forecast for the year, blaming volatile financial markets damaging the profitability of its loan and lease business that accounts for almost half its income.
Last Thursday, share prices fell nearly 10% as GE announced an offering that was priced at a discount to the stock`s closing price the previous day. GE priced 547.8 million shares at $22.25 each - the same price GE extended to Warren Buffett, whose Berkshire Hathaway Inc. on Wednesday agreed to receive warrants to purchase $3 billion worth of common stock over the next five years.
The price for the $12.2 billion offering represents a 9% discount to GE`s Wednesday close of $24.50.
Shares of GE lost $1.12, or 5.2%, to $20.45 in morning trading. The stock earlier fell as low as $19.69. GE last dipped below $20 on May 9, 1997 when shares traded at $19.42.
...
In reply to:
No one is too big not to fall
Posted by : sambala
Funds dry up in Golden State
By Matthew Garrahan and Nicole Bullock in Los Angeles
California’s economy, which would be the eighth biggest in the world if the state was a separate country, is teetering on the brink of a financial crisis intensified by the credit crunch.
California is weeks away from running out of money. In a letter to Hank Paulson, the US Treasury secretary, Arnold Schwarzenegger, California’s governor, last week admitted an immediate $7bn (€5bn, £4bn) was needed to pay for essential public services, such as police and fire-fighters
California would normally generate interim funding by issuing “revenue anticipation notes” in the short term credit markets to tide it over until tax revenues arrive later in its financial year. But the door to the credit markets is firmly closed.
Other states are also suffering from poor economic conditions and declining tax revenues.
Florida, Nevada, Massachusetts and Ohio have dipped into their reserves to maintain spending, according to Robert Kurtter, managing director of Moody’s US public finance group. But he said California’s situation was unique as it often relied on the capital markets to maintain spending commitments.
“When you have that dependency year-in-year-out you are going to get caught out when the markets are disrupted,” he said. “And that’s exactly what happened.”
Unlike most other states, California does not have a reserve fund and because it depends heavily on capital gains tax and stock option realisations, its revenues can be volatile. The looming cash flow crunch has caused considerable alarm.
“We are two weeks or so away from not being able to pay teachers and fire-fighters,” said Ross DeVol, director of regional economics at the Milken Institute, a Los Angeles-based think-tank.
Passage of the $700bn bail-out bill last week may not have solved the state’s immediate problems. “If we could get through the next two or three weeks without another financial institution being taken over that might restore confidence in counter-parties. But I don’t think the bill will free up the credit markets in the near term.”
Others in the municipal bond arena are more hopeful the bail-out will ease credit conditions for state borrowers. “I am hopeful that this bill will serve as the catalyst to provide stability and a resumption of normal activity,” said Ben Watkins, director of bond finance for the state of Florida.
Florida is facing a projected budget deficit of about $1.4bn and recently postponed a $200m bond issue earmarked for school construction.
Bill Lockyer, California’s treasurer, said immediate cash needs could be met with as little as $3bn.
But to end its reliance on the markets, California must first become better at balancing its budget, said Mr Kurtter. “Typically, when entities get into trouble it begins with cash flow. And when you are chronically running budget deficits, your cash is going to dry up.”
Tracked by: 108 Boarders
Dear Vicku,
Many thanks for compliments. Bear market is likely to
end soon. if it does in near future, then I will be able
to see the next peak very clearly with my EWT telescope.
As soon as I see the peak, I will start a new thread here
which may read like....................................
WILL NIFTY CROSS 7000 BEFORE 2009 END ?
Thanks again...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
vicku07
HNL,
Targets achieved. Congrates!!! The next target nifty 7000 by 2009 is the one i will be waiting for.
Tracked by: 108 Boarders
yes 700 and below 700 is also possible too. everything must be sold....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : sanjay38000
if we can go from 700 to 6300..why we can not return..to 1800. everything is possible.
Tracked by: 0 Boarder
-Q-
It all depends how imaginative our PM and FM are. Being a good person is not enough. India needs leadership of highly imaginative persons who are relatively young (40+ to 55-) who can stay longer.
-UQ-
Dear Kalidas ji,
It is my understanding, from your previous posts, that the trio (PC/Reddy/Damodaran) lacks imaginative skills.
Now PC is same. (Finance minister)
Damodaran replaced by Bhave (puppet in my opninion i.e almost all SEBI chairmans)
Y.V.Reddy gave way to D.Subbarao(puppet in my opninion i.e almost all RBI governor`s)
Any change in your opinion, now considering the changes...! Is the latest team good enough..?
-Q-
India needs leadership of highly imaginative persons who are relatively young
-UQ-
I believe you are one of the qualified person. But you are 5000 miles away from many many years. You know what I am trying to say..!
Have you ever felt that `I could have done better, in terms of social wealth, If I had stayed back In India`..!?
Regards,
Sri...
In reply to:
Paulson`s Poison & Antidote
Posted by : Kalidas
for drswastik
Banking collapse has begun. Even Japan has started withdrawing money from everywhere, this is why Japanese Yen despite Zero interest, is going up against US$, Euro, GBP, Aussie $ etc.
It is a home coming of all currencies. All foreign investments of FII will be liquidated either out of strategy, or requirements of funds redemption back home. It has nothing to do with the fundamental of individual companies.
When the banks collapse, the people will shift the money to treasury bonds. When they find that even treasury is useless, they buy only one thing - GOLD
WHERE IS IMF? Have you heard its name in such humongous crisis? Whenever there was crisis in Asia or Latin America, they were rushing here and there and offering many solutions on stringent terms. Now that their original mentor USA is in deep trouble, they do not utter even a single sentence.
Finally, after these currency and banks collapse, the world monetary system will be linked to Gold as standard. It may happen when the current crisis is fully played out.
Almost all troubled banks are nationalized. The only countries to come out strongly will be India (China too), France and Brazil.
India is very strongly positioned. It is least leveraged, almost all banks are already nationalized, so there will be no run on the banks, has over 30,000 tons of gold with private holders, people are now more literate now, and the country is blessed with well defined friendly weather. There is no better place than India. Most NRIs will start sending money to India from their banks (except perhaps Canada). If only RBI does not intervene to keep the rupee low, which is the most hazardous policy over decades - rupee should have been at Rs 26 now - that is biggest disincentive to NRIs
We can not predict the market even for tomorrow, so do not talk about 2010 and 2011 like an Astrologer.
Yes, one thing, The best opportunities for long term investment is coming in a few months. Brace it for that. If some FII withdraws the money from India that causes the loss of hundreds of points, that is more due to his weakness, or requirements back home, rather than the weakness of Indian economy.
It all depends how imaginative our PM and FM are. Being a good person is not enough. India needs leadership of highly imaginative persons who are relatively young (40+ to 55-) who can stay longer. We should not have leaders for whom we would have national holidays in a few years with flags hanging out at half mast.
Kalidas, Hong Kong`
6-10-2008
Tracked by: 108 Boarders
if we can go from 700 to 6300..why we can not return..to 1800. everything is possible....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkk07
Nifty at 1800? That will never come. Never ever. Unless there is a nuclear war of course...
Tracked by: 108 Boarders
My losses since January 2008. I don`t know what to do......
(75,996.59) September
2,001.97 August
31,590.12 July
(102,509.70) June
(37,439.67) May
39,519.15 April
(68,353.29) March
(13,233.85) Feb.
(118,205.02) Jan.
(342,626.87)
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : googol
0605
Dear vam,
This week:
Mad Monday
Terrible Tuesday
Worrisome Wednesday
Tranquilizing Thursday*
Fearsome Friday
Good Luck
*Market holiday
Tracked by: 0 Boarder
Meet Neel Kashkari: The Man With the $700 Billion Wallet
A Goldman Sachs Group alumnus in charge of the nation’s economic rescue? How unusual.
Except, of course, it isn’t. As The Wall Street Journal’s Deborah Solomon reported today, Treasury Secretary Hank Paulson is promoting Neel Kashkari, the Treasury’s assistant secretary for international affairs, to be the point man overseeing the $700 billion financial bailout as the interim head of Paulson’s Office of Financial Stability. The full appointment would need Senate confirmation, which is unlikely to come given the short remaining tenure in this Administration
The move essentially puts a new title on what Kashkari he has been doing since he joined Treasury in 2006–examining the consequences of an economic housing fallout. Kashkari was one of three Treasury staffers–including general counsel Robert Hoyt and head of legislative affairs Kevin Fromer–who stayed up until 4 a.m. last Sunday putting together the $700 billion bailout bill that was shot down by House Republicans the next day.
Kashkari (above left) is an Indian-American who has a few things in common with Paulson (above right). Both are former Goldman Sachs bankers, though Kashkari, at 35 years old, is much younger and was just a vice president-level banker in Goldman’s San Francisco technology banking effort when Paulson tapped him to join Treasury. Both also are Midwesterners. Kashkari grew up in Stow, Ohio, and earned a bachelor’s and master’s degree in engineering from the University of Illinois at Urbana-Champaign. Paulson was raised in Barrington Hills, Ill. And both sport similar hairstyles– or lack thereof.
Kashkari didn’t take a conventional route into banking. He started out as an aerospace engineer at TRW, developing technology for NASA projects like the James Webb Space Telescope, the replacement to Hubble, which is scheduled to launch in 2013.
He earned an M.B.A. at the University of Pennsylvania’s Wharton School of Business. While there, one of his professors was Michael Useem, who liked to put students through grueling, Outward Bound-type strengths of endurance and strategy. Kashkari participated in one Army simulation in 2002 at Fort Dix, where he was quoted in this 2002 Philadelphia Inquirer article in a comment just as applicable to today’s financial crisis as the project he was working on: “We were all taught to play nice,” Kashkari said. “So who’s going to fight in the sandbox?”
After Wharton, Kashkari joined Goldman and worked in San Francisco, where he advised companies that create computer security programs like antivirus software. He and his wife, Minal, still keep a house in California.
Paulson likes to surround himself with people he’s comfortable with: people, mostly, from Goldman Sachs. Paulson’s inner circle already includes former Goldmanites Dan Jester, a financial institutions banker, and retired banker Steve Shafran, who focused on corporate restructuring at Goldman. It also included Robert Steel, who has since left Treasury to become CEO of Wachovia.
Kashkari’s appointment is another example of how deep those Goldman Sachs ties go. In fact, Paulson himself was recruited by a former Goldman Sachs banker: former White House Chief of Staff Josh Bolten. Bolten overcame Paulson’s reluctance to persuade him to take the job as Treasury Secretary at a time when Paulson was so wary of the job that he declined to meet with President Bush because he knew he couldn’t say no to the President himself. According to an article in The International Economy by Fred Barnes in 2006, Paulson also believed that the Bush administration would not be able to accomplish many financial changes in 2007 and 2008. Kashkari’s new job show just how wrong Paulson was back then.
...
In reply to:
The End of Wall Street
Posted by : sambala
NEW YORK -- Richard Fuld, the former chief executive of failed finance firm Lehman Brothers, blames the collapse of his firm on a "crisis of confidence" that spread throughout the banking sector.
"This was not a lack of confidence in just Lehman Brothers, but part of what has been called `a storm of fear` enveloping the entire investment banking field and our financial institutions generally," said Fuld, in prepared testimony released by the House Committee on Oversight and Government Reform.
Fuld is getting grilled Monday by a House panel investigating the financial crisis, who aren`t likely to buy his argument that he is free from fault.
The committee, chaired by Rep. Henry Waxman, D-Calif., will examine the cause and effect of the Sept. 15 bankruptcy of Lehman - and who is to blame for it.
Lehman executives understood the seriousness of the firm`s dire financial state but "didn`t act fast enough" to prevent the collapse, Waxman said.
The firm, in the days before it filed for bankruptcy, sought board approval to pay three departing executives more than $20 million, according to Waxman.
"[E]ven as Mr. Fuld was pleading ...for a federal rescue, Lehman continued to squander millions on executive compensation," Waxman said.
"I don`t know how [Fuld] sleeps at night," added Rep. Elijah Cummings, D-Md., a senior member of the committee.
Waxman said "the repercussions" of Lehman`s bankruptcy have been felt across the economy. He said it triggered the recent credit crisis and made the $700 billion bailout enacted Friday necessary.
The blame game. Fuld "will walk away a wealthy man, having earned over $500 million" but takes no responsibility for the crisis, Waxman said. He quoted Fuld as saying in prepared testimony, "In the end, despite all our efforts, we were overwhelmed."
In his prepared testimony, Fuld points the finger at a host of other factors that have dogged the finance industry, including "naked short selling, which I believe contributed to both the collapse of Bear Stearns and Lehman Brothers."
Naked short selling differs from regular short selling in that the investor doesn`t actually borrow the shares being shorted, making it easier to drive prices lower.
Last month, the Securities and Exchange Commission moved to ban the practice, which has been blamed for some of the recent wild market swings.
Also, Fuld said that no one predicted the impending crisis.
"No one realized the extent and magnitude of these problems, nor how the deterioration of mortgage-backed assets would infect other types of assets and threaten our entire system," said Fuld, in his testimony.
Fuld is scheduled to testify later in the day. Lehman referred CNNMoney. com to Fuld`s spokesman at Sard Verbinnen & Co. A phone message seeking comment was not immediately returned.
A long-time Lehman veteran, who began working there full-time in 1969, Fuld served as CEO for 15 years. He raked in a whopping $22 million bonus in March, earning a total of about $500 million during his career at Lehman.
The FBI has begun a preliminary investigation of Lehman to determine whether its executives committed fraud by misleading investors about the firm`s financial condition, according to a report Monday in the Wall Street Journal.
The House committee`s hearing on Monday is the first of several that will scrutinize the dire situation on Wall Street.
On Tuesday, the committee will hold a hearing on AIG (AIG, Fortune 500), the insurance giant that the government bailed out with an $85 billion credit line. On Oct. 3, AIG said it had already used $61 billion worth of the loan and was selling off parts of its business to help pay it off.
On Oct. 16, the House will hold a hearing on the regulation of hedge funds. An Oct. 22 hearing will focus on the breakdown of credit rating agencies, and a hearing on Oct. 23 will scrutinize the role of federal regulators.
Tracked by: 108 Boarders
BullSheetRules,
can you seeing 3200 now on nifty? what is your latest BS views?...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Thank you for your appreciation!
Gud luk with your target of 3200 this month! :)
Gud luk & happy investing! :)
Tracked by: 108 Boarders
Another BS note: Keep a watch on DOLLAR YEN ratio!
That ratio is under 102 Now!
In Jan-feb when those massive crash happened, that ratio went below 100!
So take that factor also into account while going for any new FRESH BUY!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Another BS note: Deploy only a part of LT investments: If those values do not come to those weekly charts figures, then wait for those values to come as Nifty will not go UP in hurry due to the madness on that part of those Big Players.
It is still theoretically possible that those BIG PLAYers can easily take Nifty to 4100! :)
Gud luk & happy investing! :)
