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Tracked by: 109 Boarders
Thank you very much for your kind feeling for desperate boarders and incouraging them. Cheers......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
googol
0708
Dear vkk ji,
I think you have not got my message right.I did not say that senior boarders should say good about market.I said senior boarders cheer up those who have incurred huge losses and are in the verge of a breakdown.Yesterday I recd two messages and both disturbed me .I have some knowledge of reading the mind by reading the message and the first message was written in total anguish and desperation which is a dangerous sign.I thought apart from my replying,if others also write,it would help that boarder to get some peace of mind.Thats all.Hope I have made myself clear now.
Regards,
Tracked by: 109 Boarders
Thanks for your best wishes....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vam_aru
Oh ok..I thought it in different way, anyway if your waiting horizon it will all get recovered...Best of luck...
Tracked by: 0 Boarder
European markets tumbled last night, and the US indices also made big losses, though they closed well above their lows. Asian markets are mixed this morning, and the ones that are in the red have climbed up from their lows. This suggests that select stocks may recover today....
Tracked by: 0 Boarder
MORGAN STANLEY SHARES PLUMMET; DOUBTS OVER MITSUBISHI DEAL CITED ...
In reply to:
The End of Wall Street
Posted by : sambala
MADRID (Dow Jones)--Spanish Prime Minister Jose Luis Rodriguez Zapatero said Tuesday that his government will create a new EUR30 billion fund to support bank lending and attempt to offset the country`s credit crunch.
"All European countries are impacted by the poor functioning of interbank and credit markets, which cause funding difficulties for banks and significant credit restrictions," Zapatero said at a meeting with journalists.
Tracked by: 0 Boarder
It will definitely see it. lol..no doubt...Will I be there to see it...lol......
In reply to:
WILL NIFTY HIT 5500 & SENSEX SEE 18000
Posted by :
inves_t_rader
To my dear friend Karthik,
Here`s your request, instead of asking,i thought its better to start the new thread now itself...(with lots of optimisim :) LOL)
Regards :)
Tracked by: 0 Boarder
MADRID (Dow Jones)--Spanish Prime Minister Jose Luis Rodriguez Zapatero said Tuesday that his government will create a new EUR30 billion fund to support bank lending and attempt to offset the country`s credit crunch.
"All European countries are impacted by the poor functioning of interbank and credit markets, which cause funding difficulties for banks and significant credit restrictions," Zapatero said at a meeting with journalists.
...
In reply to:
The End of Wall Street
Posted by : sambala
Worse Than `87 Crash: Current Crisis Hitting Main Street Hard
by Aaron Task in Investing, Banking
The current turmoil in the financial markets is "far worse" than the 1987 crash, the 1998 Long-Term Capital Management crisis, or the bursting of the tech bubble, says Jeff Matthews of Ram Partners.
Those past episodes, while painful, were mainly Wall Street events, says the veteran hedge fund manager, blogger, and author. But the current cycle is very much a Main Street phenomenon that is hitting "real economy" companies and employees alike, as Matthews recounts with a variety of anecdotes:
Altria having to delay its acquisition of UST because of a lack of funding.
SAP`s warning of a "sudden drop" in orders.
Bank of America slashing its dividend and reporting a 68% year-over-year drop in earnings.
A car dealer whose sales fell 50% in September, even as gas prices declined.
A corporate CFO being unable to get a credit card.
While Matthews sees opportunities in selected stocks (he declined to name names), he fears third-quarter earning are going to be "awful." The resulting lowering of still-too-rosy profit forecasts for the fourth-quarter and 2009 is going to provide a ready excuse for another round of selling.
Tracked by: 0 Boarder
Worse Than `87 Crash: Current Crisis Hitting Main Street Hard
by Aaron Task in Investing, Banking
The current turmoil in the financial markets is "far worse" than the 1987 crash, the 1998 Long-Term Capital Management crisis, or the bursting of the tech bubble, says Jeff Matthews of Ram Partners.
Those past episodes, while painful, were mainly Wall Street events, says the veteran hedge fund manager, blogger, and author. But the current cycle is very much a Main Street phenomenon that is hitting "real economy" companies and employees alike, as Matthews recounts with a variety of anecdotes:
Altria having to delay its acquisition of UST because of a lack of funding.
SAP`s warning of a "sudden drop" in orders.
Bank of America slashing its dividend and reporting a 68% year-over-year drop in earnings.
A car dealer whose sales fell 50% in September, even as gas prices declined.
A corporate CFO being unable to get a credit card.
While Matthews sees opportunities in selected stocks (he declined to name names), he fears third-quarter earning are going to be "awful." The resulting lowering of still-too-rosy profit forecasts for the fourth-quarter and 2009 is going to provide a ready excuse for another round of selling.
...
In reply to:
The End of Wall Street
Posted by : sambala
Russia lends banks $37bn to stem crisis
By Catherine Belton in Moscow
Russia said on Tuesday it would pump $37bn in long-term subordinated loans into state-controlled banks in a new measure to fight off a deepening financial crisis that has seen the steepest losses ever on the Russian stock exchange.
Dmitry Medvedev, the Russian president, announced the measure to pump five-year loans via the two biggest state banks, VTB and Sberbank, after an emergency meeting with the heads of the biggest state banks to discuss what he called “a large scale financial crisis”.
Tracked by: 6 Boarders
Anna,
What is this duplicate ID trip I do not understand.First J and third K do not indulge in derating gimmicks.Anyway we as journeymen have to put up with these things.
This is a dead Board and content is falling like the Market.If you recall my post "The Last Stand" I had sounded a clear warning,based on Technicals.There is really nobody to appreciate the good calls or seperate Wheat from chaff.Sad state indeed.
Intraday volatility is gut wrenching.When I can get whipsawed I wonder what is happening to an average Trader.This Bear Market has the potential to bankrupt many.
Hope God is kind!
Goldchest. ...
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by :
Observr
Dear Goldchest
An id of the great person KaliD ji= amarasgaonkar
Now this is the third group formed(on this forum) on the anvil of multiple ids by one person viz.:
First: J
Second: K
And now third another K
Keep it up
- Keen Observer...
Tracked by: 0 Boarder
Russia lends banks $37bn to stem crisis
By Catherine Belton in Moscow
Russia said on Tuesday it would pump $37bn in long-term subordinated loans into state-controlled banks in a new measure to fight off a deepening financial crisis that has seen the steepest losses ever on the Russian stock exchange.
Dmitry Medvedev, the Russian president, announced the measure to pump five-year loans via the two biggest state banks, VTB and Sberbank, after an emergency meeting with the heads of the biggest state banks to discuss what he called “a large scale financial crisis”.
...
In reply to:
The End of Wall Street
Posted by : sambala
Dow slides further, down 320 points, after Fed chair Bernanke talks of efforts to fight economic problem of `historic dimensions.`
Tracked by: 109 Boarders
Hedge funds are so highly leveraged, they have to book losses. There is no other option for them....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear BSR,
Most of the FIIs havent made any money in Indian markets except those who entered some 4 or 5 years back.
One should keep in mind that, many hedge funds who entered in the last fiscal might have lost more money than the retail lot. In fact retail investors are sitting on notional losses where as many FIIs have realized the losses by selling stocks at very low levels compared to their buying price.
regards
Tracked by: 0 Boarder
Its a story that repeats itself and still we all fall prey to it.
Almost with regularity, there is a major boom and bust every 8 years or so - the busts after a boom occurring in 1992, 2000 and now 2008.
Each time the reason for boom has been different - the illegal diversion of money belonging to banks into stock markets by Harshad Mehta in 1992, the bursting of internet bubble in the year 2000 (Ketan Parekh and other smaller factors are not being stated) and now the bursting of housing bubble due to sub prime crisis in USA in 2008. The world finds a new reason to go boom and bust every time.
And most of us who have been in stocks for at least a decade know that its a cyclical phenomenon that happens so often. And we almost always are trapped well into it till its almost too late.
And the single most important reason is - IT NEVER LOOKS LIKE A BEAR MARKET IS ON TILL ITS TOO LATE. The environmental factors - economic growth, high demand for goods and services, good sentiment in stocks, high corporate growth forecasts in the coming years - ALL INDICATE GREAT YEARS AHEAD.
And that`s when the bear strikes stealthily. And no one realises a bear market till its REALLY LATE. And you can blame us humans - everything was SO HUNKY DORY when the bears slowly take over that at that time, BASIC LOGIC WILL CLEARLY DEFY ANY REASON WHY BEAR MARKET SHOULD SET IN AT ALL!
Do we have any mathematical indicators that can help us out?
Thankfully, YES! PROVIDED WE ARE WISE ENOUGH TO TRUST THEM.
The 200 DMA has been a reliable indicator for change over from bull market to bear market and vice versa. Any close of Sensex/Nifty below 200 DMA from above for at least three days indicates changeover from BULL MARKET to BEAR MARKET.
This occurred on 01 March 2008 when Sensex closed below its 200 simple DMA of about 17700. Subsequently, when it rose again, it failed to get past the 200 DMA from below on 01 May 2008. This was the last day we should all have been invested in stocks if we had missed the date with 01 March 2008.
Fine, so where do we go from here?
With a heavy heart, we should get rid of all our stock holdings systematically at every rise. Forget the loss you have to take.
And then do what?
Similarly like the 8 year boom and bust in stocks, there is 8 year boom in Government Bonds, when interest rates begin to fall. Without going into details, let us trust that when interest rates come down, bond prices go up and vice versa.
Imagine that a person has a 12% bond of face value Rs.100. He will get Rs.12 as interest every year. Suppose that after one year, interest rate falls to 10%. If another person buys the Rs.100 bond from him at Rs.120, the new owner will still get the market rate of 10%. This is because he will get Rs.12 interest on capital of Rs.120, thus 10% effective yield. Thus, a 2% fall in interest rate caused a 20% rise in bond price. This is not as simple as it sounds as various other factors affect it whose elaboration can be skipped.
So, put the money that you had in stocks in GILT Funds (mutual funds that invest in RBI Bonds which carry highest security rating). For example, in the years 2001, 2002 and 2003 when interest rates fell continuously, GILT funds gave MORE THAN 20% EVERY YEAR as the interest rates were continuously falling. This story could repeat itself as our interest rates are likely to fall from present 12% to about 5-6% next year. So there is goodprofit awaiting GILT fund investors while you can continue watching the stock markets fall.
When do you start buying stocks again? As I said, when the Sensex/Nifty rise above their 200 DMA and stay there for at least three days. The Simple 200 DMA for Sensex as on date is 16053 and this figure varies daily. I do not see this happen in next few months at least.
Stay out of stocks till then. For every rise till then will be a false one.
...
Tracked by: 0 Boarder
IRS changes rule to help ease credit
The agency doubles the time companies can keep cash borrowed from overseas subsidiaries
WASHINGTON (AP) -- The Internal Revenue Service, seeking to make cash more available during the current credit crunch, has issued a rule making it easier for U.S. corporations to bring home money made by their foreign subsidiaries.
The IRS temporarily expanded a 1988 ruling allowing corporations to borrow money held by foreign subsidiaries without having to pay the 35% corporate income tax.
"We were recognizing that there were liquidity restraints for companies" during the current credit crisis, Treasury Department spokesman Andrew DeSouza said Tuesday. He said the action would make it easier for foreign subsidiaries to provide loans to their domestic parents.
The current rule allows a company`s foreign units to make a tax-free loan to the company as long as it is repaid in 30 days. Over a one-year period, the company can have outstanding loans from its subsidiaries for up to 60 days.
The temporary rule change would allow the U.S. company to keep cash from a single loan for up to 60 days. In total, the company could have borrowed money for up to 180 days in a one-year period.
To avoid being subject to taxation, the money would have to be paid back and could not be used as distributions such as dividends.
Congress, as part of tax legislation passed in 2004, enacted a similar break giving corporations a one-time deduction of 85% on dividends received from foreign subsidiaries. That act, aimed at encouraging domestic investment, lowered the effective tax on qualifying dividends from 35% to 5.25%.
The IRS said in a recent report that 843 corporations took advantage of the deduction. It said that $312 billion in repatriated dividends qualified for the deduction, creating a total deduction of $265 billion.
...
In reply to:
A Nation on the Grill
Posted by : sambala
Lamy warns against rise of protectionism
By John Thornhill and Quentin Peel in Evian
Pascal Lamy, director general of the World Trade Organisation, has warned that the global financial crisis could lead to surges in protectionism as governments seek to blame foreigners for their problems.
”That is exactly what happened in the 1930s when it [protectionism] was the virus that spread the crisis all over the place,” he said in a video interview with the FT. ”This is a risk
Tracked by: 0 Boarder
IRS changes rule to help ease credit
The agency doubles the time companies can keep cash borrowed from overseas subsidiaries
WASHINGTON (AP) -- The Internal Revenue Service, seeking to make cash more available during the current credit crunch, has issued a rule making it easier for U.S. corporations to bring home money made by their foreign subsidiaries.
The IRS temporarily expanded a 1988 ruling allowing corporations to borrow money held by foreign subsidiaries without having to pay the 35% corporate income tax.
"We were recognizing that there were liquidity restraints for companies" during the current credit crisis, Treasury Department spokesman Andrew DeSouza said Tuesday. He said the action would make it easier for foreign subsidiaries to provide loans to their domestic parents.
The current rule allows a company`s foreign units to make a tax-free loan to the company as long as it is repaid in 30 days. Over a one-year period, the company can have outstanding loans from its subsidiaries for up to 60 days.
The temporary rule change would allow the U.S. company to keep cash from a single loan for up to 60 days. In total, the company could have borrowed money for up to 180 days in a one-year period.
To avoid being subject to taxation, the money would have to be paid back and could not be used as distributions such as dividends.
Congress, as part of tax legislation passed in 2004, enacted a similar break giving corporations a one-time deduction of 85% on dividends received from foreign subsidiaries. That act, aimed at encouraging domestic investment, lowered the effective tax on qualifying dividends from 35% to 5.25%.
The IRS said in a recent report that 843 corporations took advantage of the deduction. It said that $312 billion in repatriated dividends qualified for the deduction, creating a total deduction of $265 billion.
...
In reply to:
A Nation on the Grill
Posted by : sambala
Lamy warns against rise of protectionism
By John Thornhill and Quentin Peel in Evian
Pascal Lamy, director general of the World Trade Organisation, has warned that the global financial crisis could lead to surges in protectionism as governments seek to blame foreigners for their problems.
”That is exactly what happened in the 1930s when it [protectionism] was the virus that spread the crisis all over the place,” he said in a video interview with the FT. ”This is a risk
Tracked by: 0 Boarder
Lamy warns against rise of protectionism
By John Thornhill and Quentin Peel in Evian
Pascal Lamy, director general of the World Trade Organisation, has warned that the global financial crisis could lead to surges in protectionism as governments seek to blame foreigners for their problems.
”That is exactly what happened in the 1930s when it [protectionism] was the virus that spread the crisis all over the place,” he said in a video interview with the FT. ”This is a risk
...
In reply to:
A Nation on the Grill
Posted by : sambala
Bernanke believed the Fed`s bold actions -- along with the $700 billion financial bailout signed into law by President Bush on Friday -- will help restore confidence in financial markets and help them function more normally.
He also defended the timing of the actions by the Fed and the Bush administration. "We have learned from historical experience with severe financial crises that if government intervention comes only at a point at which many or most financial institutions are insolvent or nearly so, the costs of restoring the system are greatly increased. This is not the situation we face today," he said.
Tracked by: 0 Boarder
Dow slides further, down 320 points, after Fed chair Bernanke talks of efforts to fight economic problem of `historic dimensions.`...
In reply to:
The End of Wall Street
Posted by : sambala
David Aufhauser, a onetime Treasury Department official and former general counsel for UBS?s investment bank, has settled with New York`s attorney general on allegations of insider trading in the auction-rate securities market.
Boarder Circle