[konqueror_vivek]

Originally Posted by willsurelywin

Wall Street's collapse: who is next? | Business | The Observer

True, the US mortgage slump has only widen in last two months, however the banks has shown better than expectation, results, which wasdisplayed by a healthy rally at Wall Street last week. Crude also helped, cooling beyond 130 mark, on rumours of demand slowdown in the US.

However, Marc Faber has something to say in the Month of June 2008 -

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."

Cheers,

[willsurelywin]

fed has exhaused almost 500 billion dollarrs outa 800 billion dollars it has on bailouts till now.

reports are that freedie and famiie will need 100$billion more

so count takes to 600

800-600=200

so fed doesnt have more scope left for bailouts

maybe withing 3-4 months banks will start ging belly up since fed has no money for bailout..

lets see :huh:

but what worried me most is all banks have trillion dollars exposure so 1 collpases it will make few others with it as well

picture will be clear when next quarter results come out:argue:

[AMIT_007_001]

Here goes the results of CNBC TV 18 Credit Policy Poll :

25 bps repo rate hike likely: CNBC-TV18 Credit policy poll

http://www.moneycontrol.com/india/ne...l/12/55/349041

[willsurelywin]

Originally Posted by AMIT_007_001

Here goes the results of CNBC TV 18 Credit Policy Poll :

25 bps repo rate hike likely: CNBC-TV18 Credit policy poll

Moneycontrol >> News >> Economy >> 25 bps repo rate hike likely: CNBC-TV18 Credit policy poll

well a shocker from rbi crr .5% and repo .25%:2gunfire:
banks to raise rates by 1%
Banks may increase lending rates by up to one per cent- Banking-Banking/ Finance -News By Industry-News-The Economic Times

i agree with barclays analysis that crr/repo will be hiked by 2% more as inflation is only priority with elections ..........

lets see growth can really taper off to 6-6.5% now ....

sensex shd also touch 12k very soon

[rajandran]

Nifty CMP : 4313


It Looks we had become bullish after the huge rally on last Wednesday (30/07/0 close.
Every Thing Looks Fine Except the Technicals.

I was confused and thinking about the rally and the patterns formed in nifty

The Problem is on Tuesday(29/07/0 we closed with weak Bearish Continuing Island Top reversal pattern.
And a sudden upside reversal on tuesday would probably could change the sentiment among the investors
and common traders about the market.

But the truth fact is the pattern what we formed on Wednesday's closing is a Bearish engulfing pattern.
Its is just a Bear Trap for the traders and Investors set by the operators.

As per Technicals Nifty Should not fall and close below 4220 as of now which is a weak in terms of sentiment and technicals.
Always assure yourself that Reliance and ICICI doesnt cracks below 21 day EMA. Else 4073 and 3800 is possible in near term


Regards,
Rajandran R
www.marketcalls.org

[AMIT_007_001]

It seems worse is ahead for economy as well as markets ... :(

Inflation once again heads north ...reaches 11.98 Levels ....
Read the article about Inflation Rise on MoneyControl

Moneycontrol >> News >> Economy >> Inflation@11.98%: Experts see inflation slowing down

[willsurelywin]

crude falliung below 100 is only hope :bigear:

[konqueror_vivek]

Originally Posted by willsurelywin

crude falliung below 100 is only hope :bigear:

There is a good ongoing debate between bulls and bears on Crude, however, it has been winning streak for bears for last 3 weeks, presently Crude is trading at 3 month low level. Oil prices fell to near $120 a barrel today on expectations the economic downturn in the U.S. will erode consumer demand for crude products.

This could be a good news for India, - given India is among the big importers of Crude and cooling of Crude will certainly help India in reducing Fiscal deficit. A day before Moody's had negative view on India's Fiscal deficit, given Crude stays beyond 130 for the year, however which dosent seems now for the time being.

Even today Religare Securities had a positive view, that Commodities will cool down further - they see Crude at double digits around Q3 in the US. These things could help equity markets (emerging markets), when they are trading at 11-12 times book, might pull-back to 14-15 times book levels.

Cheers,

[AMIT_007_001]

Originally Posted by willsurelywin

crude falliung below 100 is only hope :bigear:

There is a report from Lehman Brothers which says that crude may go to 90$..

Follow the link :
Crude may go down to $90, says Lehman-India Business-Business-The Times of India

[willsurelywin]

people knew of subprime crisis in 2004
Freddie Mac boss warned of dubious loans years before credit crunch | Business | The Guardian