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Market Outlook - Short Term
Tracked by: 108 Boarders
Dear Suresh Ji, earler at this MMB Joetom through his optemistic view made stuck to many investors at higher level by giving them allurement that ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
hindlevernet
Dear joetom,
Your old message came on top of this page today.
It is so strange to see Nifty at 4626. We are in
the region of 4000 now. How optimistic you are now
about bull market or you too see Nifty below 3600
like me ? 
Tracked by: 1 Boarder
Did Bank of punjab, Lord krishna bank, Global trust bank etc said anything in advance to the depositors that they are being compelled to merge with some other bank? The collapse of the financial banks and NBFCs are as old as mankind. At the present rate of subsidies and Unaccountable money advanced to our MLAS and MPS for the "improvement of their constituency`, are taken into account, slowly all the PSU banks will become near bankrupt. I happened to hear this message as a `daylaight robbery` in an interview a wekly magazine had with a political leader. Till date the statement is not chalenged by the Govt. What does it mean.? astep towards declaring `morotorium`.
that is why I suggested to our friends to give letters to their bankers for enhancing the limit of insurance cover for deposits. Some are telling, `they are PSU banks and hence need not`. Then Why should they have a insuce. cover for one lac?
We are cheating ourself.
v.krishnamoorthy...
In reply to:
No one is too big not to fall
Posted by : rvk41
Dear,
Indian is not US,Those examples of U S Cos may have faced problems
but our Indian Cos will not face such tides,since we are very strong on our ethics,with regards
rvk41
Tracked by: 108 Boarders
BSR,
I have posted complete details about trading at DOW , today . Shall look at.
thnx...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
So DOW closed well above BS expectation of 9800+ value!
Dow closed in four digit figures.
9,955.50
-369.88 (-3.58%)
Oct 6 - Close
That four figures should be good enough to create all kind of scary and fearful headlines. That four figures will now put PRESSURE on different BIG PLAYers to take some steps!
Scope is still for some Downside to that 9800 on closing basis in 1-2 days!
Let us hope positive news along with rate cuts, better corporate results along with new accounting norms starts coming up!
Rally on DOW should be expected soon!
Gud luk & happy investing! :)
Tracked by: 1 Boarder
Bank of America profits plunge 68%
Banking giant reports - more than a week in advance - worse-than-expected earnings. Dividend halved and $10B stock sale announced
NEW YORK -- Bank of America on Monday reported a steep decline in earnings and slashed its dividend in half and revealed plans to raise $10 billion through a stock sale.
The Charlotte, N.C.-based bank said its third-quarter net income fell to $1.18 billion, or 15 cents a share, down 68% from $3.7 billion, or 82 cents a share, a year ago.
That was far worse than what Wall Street`s consensus forecasts of a net profit of $3.22 billion, or 62 cents a share.
Bank of America (BAC, Fortune 500) shares, which fell 6.5% during regular trading Monday, tumbled an additional 8% after the closing bell.
Fresh off its recent acquisition of Merrill Lynch, Bank of America also said it planned to raise $10 billion in capital through a common stock sale and that it will cut its dividend to 32 cents from 64 cents in recent quarters.
Kenneth Lewis, Bank of America`s chairman and chief executive officer, called the move "prudent" given the current market climate, which has resulted in the disappearance of several major financial institutions in recent weeks.
"These are the most difficult times for financial institutions that I have experienced in my 39 years in banking," Lewis said in a statement.
In addition to Bank of America`s purchase of Merrill Lynch, Lehman Brothers has filed for bankruptcy, JPMorgan Chase (JPM, Fortune 500) acquired failed savings and loan Washington Mutual and Wachovia (WB, Fortune 500) is in the process of being bought by either Citigroup (C, Fortune 500) or Wells Fargo (WFC, Fortune 500). Those two banks are battling in court over the rights to buy Wachovia.
Lewis blamed the dismal quarterly results on higher credit costs in such areas as its mortgage and credit businesses as more consumers found it difficult to repay their loans.
Bank of America said it set aside $6.45 billion for credit-related losses, more than triple during the same period just a year ago.
The results, which was originally slated to be released on Oct. 20, come just as the company announced a massive $8.4 billion foreclosure prevention effort.
As part of a legal settlement with 11 state attorneys general who had sued the troubled mortgage lender Countrywide Financial, Bank of America said it would cut monthly housing payments, a move that is expected to keep as many as 400,000 borrowers across the country.
In January, Bank of America announced plans to acquire Countrywide and completed its purchase in June.
...
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: 0 Boarder
Fed OKs request for Japan stake in Morgan Stanley
WASHINGTON
The Federal Reserve has granted approval for Japan`s largest bank to purchase a stake in U.S. investment giant Morgan Stanley.
The Fed issued an order Monday saying that it had approved the request of Mitsubishi UFJ Financial Group Inc. to acquire up to 24.9 percent of the voting shares of Morgan Stanley.
Both Morgan Stanley and Goldman Sachs, the last two major independent investment banks in the United States, won approval last month from the Fed to convert to bank holding companies in an effort to withstand the severe financial storms raking Wall Street.
...
In reply to:
The End of Wall Street
Posted by : sambala
Bush says rescue plan will take some time to work
CINCINNATI - As Wall Street reeled and global markets plunged, President Bush on Monday said the U.S. economy is going to be "just fine" in the long run. But he cautioned that the massive rescue plan will take time to work.
Tracked by: 0 Boarder
Bush says rescue plan will take some time to work
CINCINNATI - As Wall Street reeled and global markets plunged, President Bush on Monday said the U.S. economy is going to be "just fine" in the long run. But he cautioned that the massive rescue plan will take time to work.
...
In reply to:
The End of Wall Street
Posted by : sambala
Manic Monday: After 800-Pt Plunge, Dow Ends ‘Just’ 350 Points Lower- AP
Tracked by: 1 Boarder
friends start investing below 3600- level upto 3250 level . our first target , Next 3250 to 2850 level. buy small cap mid cap Auto textiles textile related IT small & mid cap in 50 %only 25% below 3250 level upto 2850 our nex recomandation.balance 25% pharma in bet 2850- 1850 level.wait upto 2010 & then only sell when u r getting 5 times of ur investment & get out from mkt. It is BOTTOMING very soon ...
In reply to:
At what Nifty level will you invest fresh money?
Posted by : Guest
i think nifty support is at 3550 marking 50% of the entire bull run move.....so one should think of investing around this level for sure...
Tracked by: 6 Boarders
Kalidas,
Untill you do not stop your cut-paste business, You have to bear with me. Sorry, I can`t leave you in this status on this board.
Your words shows your culture. Of course of Hong Kong for which , you feel proud of....
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by : Kalidas
for lalitdeshpandey
You are a "Donkey Kong"
And by the way, why are you beating your drums and all those craps of businss talk with lots of cut and paste" on my thread? Don`t you have people who care to listen to you.
that explains - you are a "Donkey Kong". A self congratulatory monkey hopping on the roof of the others with a banana in one hand who throws its skin on the floor without realizing that someone may get hurt.
And again, better read my full message for 2400 rally before commenting - I already gave you very firm, point by point and authentic reply with facts and figures.
Go around hopping, hopping and hopping. I don,t leave anything for monkeys except a long stick....
Kalidas, Hong Kong
7-10-2008
Tracked by: 6 Boarders
for lalitdeshpandey
You are a "Donkey Kong"
And by the way, why are you beating your drums and all those craps of businss talk with lots of cut and paste" on my thread? Don`t you have people who care to listen to you.
that explains - you are a "Donkey Kong". A self congratulatory monkey hopping on the roof of the others with a banana in one hand who throws its skin on the floor without realizing that someone may get hurt.
And again, better read my full message for 2400 rally before commenting - I already gave you very firm, point by point and authentic reply with facts and figures.
Go around hopping, hopping and hopping. I don,t leave anything for monkeys except a long stick....
Kalidas, Hong Kong
7-10-2008
...
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by :
Lalitdeshpandey
Kalidas,
Yor Post : `"Following are the factual SENSEX figures:
3-Oct-08 Friday 12,526.32 (-529)
2-Oct-08 Thursday 12,526.32 (Market closed in India only)
1-Oct-08 Wednesday 13,055.67 (+195)
30-Sep-08 Tuesday 12,860.43 (+265)
29-Sep-08 Monday 12,595.75 (-507)
26-Sep-08 Friday.. 13,102.18 (-445)
25-Sep-08 Thursday 13,547.18 Base
(My post was at 10:02 India time or 12:30 HK time)
.........................
I have already proved that 116 points down.
You predicted RALLY OF 2400 POINTS IN 7 DAYS.
DO YOU EMAN THAT I AM KID ???????????????????
Aceept your failure and get lost......
Tracked by: 0 Boarder
for Atheist,
If I remember well, you are from Bangalore. You did describe in narrative details, how it has deterioated. I am glad to know that my reply did help you. Get me a coffee when visit Banagalore.
Any business thrives on good product, good service, attention to the customer and above all solving the customer`s problems (called after sales service). A good appearance, friendly behaviour and smiling face (not laughing) welcomes the customer. Further, if you have a small business, the door has to be see through or open shop so that even working class people can walk through. If they find the shop behind the door, they feel the goods must be expensive. Neatness and basic cleanliness is the most important part of the retail business.
Never eat or allow employee to eat in the shop for taking lunch or dinner. Nor should one allow eating of tobacco or paan.
Biggies may not do well, because they tried to build the business just because they had the access to large amount of public funds. They do not train the staff as well as the Western corporations. There is no uniform, and if there is one, it is shabby, The employees are also having badly cut moustache or beards. The people should be clean shaven as far as possible. If there is female employee, often I find, they come in traditional style using liberal dose of coconut oil (which smells bad to many visitors). This is especially true in Hong Kong.
In Hong Kong, the retail owners pay for hair styles, clothes, make up and also force their employees to wear identification tag all the time.
Of course, one has to modify the approach having regard to local culture, but basic things should not be compromised.
Some small expenses on such basics bring in more and wealthy customers.
Kalidas, Hong Kong
7-10-2008...
In reply to:
Paulson`s Poison & Antidote
Posted by :
Atheist
Kalidas sir,
I am a part of the unorganized retail industry in India. I had asked you a question a few months earlier about the deteriorating life style of us middle class INDIANS caused by the global financial turmoil. I dont expect you to remember it. But your REPLY was of tremendous help.
Sir,In the last 3 months the sales have picked up in most of the small and medium retail stores(unorganized sector).
In fact the sales now are around 6 to 8 % MORE than the corresponding festival season last year.
At tha same time, the sales of BIGGIES like RELIANCE RETAIL and BIG BAZAAR(Kishore biyani) are lower compared to last year sales even though their Prices are very competitive.
Sir,Its very confusing.
What could be the reason? A response would be appreciated.
...Singh...
Tracked by: 108 Boarders
Another BS point:
Did some TA on DOW taking into account today wild fluctuations, in case of negative trend continuation, DOW can go to 9200 in ST else expect DOW to go UP!
Let us hope for the BEST!
Watxh Dow Future! Watch that YEN DOLLAR ratio.. it is back to 101+, close to 102.. still well below 106 level!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
So DOW closed well above BS expectation of 9800+ value!
Dow closed in four digit figures.
9,955.50
-369.88 (-3.58%)
Oct 6 - Close
That four figures should be good enough to create all kind of scary and fearful headlines. That four figures will now put PRESSURE on different BIG PLAYers to take some steps!
Scope is still for some Downside to that 9800 on closing basis in 1-2 days!
Let us hope positive news along with rate cuts, better corporate results along with new accounting norms starts coming up!
Rally on DOW should be expected soon!
Gud luk & happy investing! :)
Tracked by: 0 Boarder
Manic Monday: After 800-Pt Plunge, Dow Ends ‘Just’ 350 Points Lower- AP...
In reply to:
The End of Wall Street
Posted by : sambala
Oil settles down $6.07 at $87.81 a barrel, as markets reel from global credit crisis.
Tracked by: 108 Boarders
So DOW closed well above BS expectation of 9800+ value!
Dow closed in four digit figures.
9,955.50
-369.88 (-3.58%)
Oct 6 - Close
That four figures should be good enough to create all kind of scary and fearful headlines. That four figures will now put PRESSURE on different BIG PLAYers to take some steps!
Scope is still for some Downside to that 9800 on closing basis in 1-2 days!
Let us hope positive news along with rate cuts, better corporate results along with new accounting norms starts coming up!
Rally on DOW should be expected soon!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkjattking
Yes .... hopefully now Dow has shaken losers below the belt.... breaking 10,000 and media working jumping ... helps drive the fear factor....
Tracked by: 108 Boarders
Yes .... hopefully now Dow has shaken losers below the belt.... breaking 10,000 and media working jumping ... helps drive the fear factor.......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
lol.. Dow is 10000+ ...
did ya read all those Media scary, fearful headlines when Dow was going DOWN to 9800 level as per BS expectations :)
Unfortunately, that is what BS media will report about that four digit figures of DOW!
gud luk & happy investing! :)
Tracked by: 108 Boarders
lol.. Dow is 10000+ ...
did ya read all those Media scary, fearful headlines when Dow was going DOWN to 9800 level as per BS expectations :)
Unfortunately, that is what BS media will report about that four digit figures of DOW!
gud luk & happy investing! :)
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkjattking
Look Dow is trying to close above 10000... I can not believe it...
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