Actually speaking there is no fight between both the brothers & all is created by the media to sell their products, both brothers plan their games properly & are not worried about the valuations of the companies what matters is the moneies they have to make by trading every year. Hence dont go by the media hype.
Good Luck & Happy Investing...

Dow ends up nearly 400 after bailout of Citigroup
Monday November 24, 4:39 pm ET
By Tim Paradis, AP Business Writer
Dow ends up nearly 400 after government`s bailout of Citigroup lifts some worries about banks


NEW YORK (AP) -- Wall Street barreled higher Monday for the second straight session, this time in a relief rally over the government`s plan to bail out Citigroup Inc. -- a move it hopes will help quiet some of the uncertainty hounding the financial sector and the overall economy. The Dow Jones industrials soared nearly 400 points and the major indexes all jumped more than 4.5 percent.

The advance gave the market its first two-day advance since Oct. 30-31. Although investors sensed last week that a rescue of Citigroup was forthcoming, investors nonetheless were heartened, even emboldened, by the U.S. government`s decision late Sunday to invest $20 billion in Citigroup and guarantee $306 billion in risky assets.

Wall Street`s enthusiasm surged not only because the bailout answered questions about Citigroup but also because many observers saw the move as offering as a model for how the government might carry out other bank stabilizations.

"This could be the template for saving the banks," said Scott Bleier, founder of market advisory service CreateCapital. com.

"The government has taken a new quill out, they`ve gone to where they didn`t go before in terms of trying to secure the system," Bleier said. "Some of that vulnerability seems to be gone now."

Still, the market remains wary, especially with the economy in a serious downturn. The Dow was up more than 500 points in the last hour before giving up some of its gains -- many investors wanted to take some money off the table before the next bit of bad news arrives. And the market has frequently done sharp reversals since the start of the credit crisis 15 months ago.

The efforts from the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. to help stabilize Citigroup are only the latest this year to support a banking system troubled by bad debt and flagging confidence. Besides implementing its $700 billion bailout plan for the overall financial industry, the government has bailed out insurance giant American International Group Inc. and taken over lenders Fannie Mae and Freddie Mac.

"You`re definitely seeing relief," said Anthony Conroy, managing director and head trader for BNY ConvergEx Group. "More than anything, the Fed repaired some of the psychological damage that was being done to the sector. I think the Fed is poised to do whatever they possibly can to help the financials get through the current turmoil."

"Not all banks are unhealthy, so knowing that the Fed is there is enough," Conroy said.

According to preliminary calculations, the Dow rose 396.97, or 4.93 percent, to 8,443.39.

Broader stock indicators also jumped. The Standard & Poor`s 500 index advanced 51.78, or 6.47 percent, to 851.81, and the Nasdaq composite index rose 87.67, or 6.33 percent, to 1,472.02.

The Russell 2000 index of smaller companies rose 30.25, or 7.44 percent, to 436.79.
...

The global credit crisis has rattled Indian markets as foreign investors sold shares worth more than $12.5 billion so far this year while the rupee fell by more than 20 percent.

...

St stares at a winter of discontent

13 Nov 2008, 0002 hrs IST, ET Bureau

A sharp rise in volatility and dwindling volumes have led to a steep decline in the quantum of bulk deals on bourses in the past couple of months.
With hardly any liquidity in the market, exiting a stock is proving to be tough for institutional investors as there are very few takers for companies outside the top 100 club in terms of market capitalisation.

The total amount of buy and sell figures in the bulk and block deal segment of both the exchanges stood at around Rs 2,000-3,000 crore each every week till about two months ago. This number has gone down to nearly Rs 250-300 crore now. Market participants say the number of such deals reported on a daily basis is steadily on the decline as stock prices are hitting new lows. This is in contrast to huge churning of portfolios by institutional investors before the beginning of the slump.

“There are hardly any takers for blocks of companies whose market cap is less than Rs 5,000 crore. Liquidity is scarce, and trading volumes in even large-cap shares are around 25-30% of that seen at the beginning of the year. Large institutional players usually buy or sell in bulk or block deals depending upon the size of the transaction and the availability of the quantity,” says the head of an institutional desk at a domestic broking house.

According to Sebi guidelines, trading volumes in a scrip accounting for more than 0.5% of the equity capital of the company done by any exchange member has to be reported as a bulk deal. A transaction is said to be a block deal if a minimum quantity of 5 lakh shares or minimum value of Rs 5 crore is executed through a single transaction between 9:55 am and 10:30 am.

Brokers say players who earlier used to buy or sell huge blocks of shares have shifted their focus to the futures market. They also add that dealers are finding it very difficult to place huge blocks to different institutions in the absence of a demand. This has also resulted in rise in the cash discount offered by the seller to the buyer in most cases.

Earlier, in the case of a large number of stocks, one could find the total value of shares that has changed hands among various institutional players to be many times the total free float market capitalisation of those companies. And all this used to happen in a month’s time for some speculative and high beta stocks such as IFCI and Nagarjuna Fertilisers.

Traders also attribute the decline in bulk deals to winding up of proprietary books that used to be the major buyer of blocks as far as the mid-sized companies are concerned.
...

Oct tally: NSE deactivates 95 trading terminals

10 Nov 2008, 0447 hrs IST, Santosh Nair, ET Bureau

MUMBAI: The National Stock Exchange deactivated trading terminals of 95 broker members in the equity derivatives segment in October, for their
failure to meet margin obligations. This is nearly 11% of the total strength of 885 members on NSE.

Some of them include IFCI Financial Services, Khandwala Securities, Dimensional Securities and Finquest Securities. This is the second-highest number of deactivations in a single month, after January this year when 372 brokers’ terminals were deactivated.

Markets were unusually volatile in October, with the benchmark index Sensex swinging between a high of 11870 and a three-year low of 7697. Of the 95 brokers whose terminals were deactivated, 19 members’ screens were switched off between 3 and 7 times during the month. Deactivation of terminals is part of the risk management measures taken by the exchange to avoid payment defaults in the system. The terminals are shut down when the broker fails to meet his margin requirements to the exchange, and are reactivated once the margins are paid up.

In October, as was the case in January too, share prices plunged suddenly, giving clients and brokers very little time to replenish the margin funds. “When the market is falling 800 to 1000 points every day, and in an environment when liquidity is already scarce, it is difficult to expect smaller broking firms to meet their margin obligations promptly,” said a BSE broker.

Market watchers say one reason why the deactivations were relatively low compared to January, is that traders’ exposure to the equity derivatives segment was much lower. Since January, trading volumes in the derivatives has been slipping, as sharp price swings and lack of liquidity led to many traders suffering huge losses. In November, daily average volume in the futures and option segment have been around Rs 35,000 crore.

As far as deactivations go, brokers said the problem was partly due to lack of a strong Real Times Gross Settlement (RTGS) system, which would allow clients to immediately credit margin payments into their brokers’ account. At present, clients in most small towns do not have access to this facility. Even if the client immediately gives a cheque to his broker, it would take at least two days for the cheque to be clear and the amount credited. The other problem is with brokers not collecting adequate margins from their clients. While broking houses do collect deposits from their F&O clients, it is usually a security deposit and not a margin deposit.
...

continued....
Investors await Wal-Mart earnings, retail sales report for insight into economy
There are a number of other reports on tap that might give more insight into the economy. On Thursday, Wall Street gets readings on the labor market and trade deficit, followed by a look at consumer sentiment on Friday. Trading on Tuesday could be more subdued with the bond market and some banks closed due to Veterans Day.

Additionally, investors are watching for developments with General Motors Corp., Chrysler and Ford Motor Co. after the automakers met with Congressional leaders last week to secure financial help.

Democratic leaders in Congress asked the Bush administration on Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs as sales have dropped to their lowest level in a quarter-century. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said in a letter to Treasury Secretary Henry Paulson that the administration should consider expanding the $700 billion bailout to include car companies.

"We must safeguard the interests of American taxpayers, protect the hundreds of thousands of automobile workers and retirees, stop the erosion of our manufacturing base, and bolster our economy," Pelosi, D-Calif., and Reid, D-Nev., wrote.

Even more news might be generated out of Washington with the possible selection of a new Treasury secretary by President-elect Barack Obama. He has already identified that the economy is the new administration`s biggest priority, and a Treasury pick could lift stocks.

Among those being considered for the post include former Treasury Secretary Lawrence Summers, Federal Reserve Bank of New York President Timothy Geithner, and former Federal Reserve Chairman Paul Volcker.

...

Wall Street turns to consumer to gauge economy
Sunday November 9, 6:11 pm ET
By Joe Bel Bruno, AP Business Writer

Investors await Wal-Mart earnings, retail sales report for insight into economy


NEW YORK (AP) -- Wall Street heads into another turbulent week with investors set to pore over a government report on retail sales and earnings from Wal-Mart Stores Inc. to get a better reading on the consumer.

There are growing signs that the deepening economic slowdown has caused Americans to tighten their purse strings. There was fresh evidence of this past week when retailers posted the worst October same-store sales in 35 years -- and analysts believe the upcoming holiday shopping season could be among the slowest in decades.

With consumer spending driving more than two-thirds of the U.S. economy, investors will be paying close attention to earnings outlooks for some of the nation`s biggest retailers. Wal-Mart, the nation`s biggest retail chain, will post results on Thursday. Kohl`s Corp., JCPenney Co., Macy`s Inc., and Abercrombie & Fitch Co. are scheduled to release reports as well.

Investors will get an overall picture of consumer spending on Friday when the Commerce Department releases its October retail sales index. The closely watched gauge is expected to show sales dropping 1.2 percent for the month after falling 1.2 percent in September. Excluding the battered automobile industry, sales are expected to have fallen 0.9 percent.

The market, still trying to recover from October`s devastating losses, will likely zigzag as investors react to these reports. This has been the pattern during the past few weeks, with major indexes swinging from one extreme to another in capricious trading.

Many analysts believe this volatility is part of a bottoming-out process. The real test is to see in the coming days if investors have already priced in the potential for negative news or if fear of a protracted recession will trigger another stream of selling.

"The news is going to be really bad, and that shouldn`t be a surprise to investors," said Peter Cohan, principal of Peter S. Cohan & Associates. "But, I`m feeling uncomfortable that the market is a daily mood ring for the economy. The small investors are largely out of the market, and what you end up with is a small number of very large players making decisions."

Cohan pins the volatility on hedge funds, pension funds, and big university endowments unloading stocks to raise collateral and scooping up undervalued stocks to seize opportunity. He believes this will eventually result in a more stable trading environment that will lure retail investors back, and add stability to major indexes.

Hedge funds could come to center stage this week if they receive another wave of redemption requests from investors. The upcoming Nov. 15 deadline for redemptions could cause further instability in the market, Cohan said.

Wall Street had enjoyed its biggest Election Day rally in history last Tuesday, but could not cling to those gains. This was followed by a two-day loss of about 10 percent in the major indexes, including a 929-point drop in the Dow, as investors turned their focus once more to the economy`s woes.

For the week, the Dow Jones industrial average and broader benchmarks such as the Standard & Poor`s 500 index lost about 4 percent after surging 10 percent or more the week before. Technical analysts are keeping a close eye on all the data this week, with continued concerns that the Dow will test its Oct. 10 intraday low of 7,882.51.

Stock futures trading early Sunday evening showed a slightly positive start for the markets. S&P 500 futures gained 0.83 percent, while Nasdaq 100 futures rose 0.66 percent.

continued...

Dear Ifci rocky, As you might be knowing .......when the market does not goes up despite of good news one must understand that correction is likely to happen and ..........when the market does not go down inspite of negative news then we must realize that the correction is over..... Now lets see what happens this time when the bad news come and hit the market. harish...

I too have similar thoughts.........precisely correct....

There will be a huge volatility this week in the market....

continued.... Investors await Wal-Mart earnings, retail sales report for insight into economy There are a number of other reports on tap that might give more insight into the economy. On Thursday, Wall Street gets readings on the labor market and trade deficit, followed by a look at consumer sentiment on Friday. Trading on Tuesday could be more subdued with the bond market and some banks closed due to Veterans Day. Additionally, investors are watching for developments with General Motors Corp., Chrysler and Ford Motor Co. after the automakers met with Congressional leaders last week to secure financial help. Democratic leaders in Congress asked the Bush administration on Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs as sales have dropped to their lowest level in a quarter-century. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said in a letter to Treasury Secretary Henry Paulson that the administration should consider expanding the $700 billion bailout to include car companies. "We must safeguard the interests of American taxpayers, protect the hundreds of thousands of automobile workers and retirees, stop the erosion of our manufacturing base, and bolster our economy," Pelosi, D-Calif., and Reid, D-Nev., wrote. Even more news might be generated out of Washington with the possible selection of a new Treasury secretary by President-elect Barack Obama. He has already identified that the economy is the new administration`s biggest priority, and a Treasury pick could lift stocks. Among those being considered for the post include former Treasury Secretary Lawrence Summers, Federal Reserve Bank of New York President Timothy Geithner, and former Federal Reserve Chairman Paul Volcker. ...

Thanks for this info. As a result of this, there will be an improvement in the Chinese economy, which is at present facing slow down and weakness....

Dear ifciRocky, I can foresee Dollar once again touching 50 level and then a big crash to 42-45 levels. Meanwhile volatility index needs to be settle down for some time and that would be the indication of beginning of consilidation phase as well as trading market. harish sharma...