Market Outlook - Short Term

No one is too big not to fall

Posted by : sambala

If I regarded my life from the point of view of the pessimist, I should be undone. I should seek in vain for the light that does not visit my eyes and the music that does not ring in my ears. I should beg night and day and never be satisfied. I should sit apart in awful solitude, a prey to fear and despair. But since I consider it a duty to myself and to others to be HAPPY, I escape a misery worse than any physical deprivation.

BY Helen Keller - Life - Encouragement - Happiness - Challenges - Optimistic

No one is too big not to fall

Posted by : sambala

Mazda says no decision on sale of Ford`s stake

Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker, but didn`t rule out a possible deal.

Japanese media reported Saturday that Ford was considering selling its one-third stake in Hiroshima-based Mazda Motor Corp. Public broadcaster NHK, without citing sources, reported that Ford would maintain some of its stake in Mazda and management ties.

"Nothing has been decided," Mazda said in a statement received Saturday. "Any important decision will be disclosed."

Dearborn, Michigan-based Ford said in a statement, "We do not want to comment on speculation."

"Our relationship with Mazda has not changed," Ford said.

The move, should it happen, would be a symbolic retreat for U.S. automakers in Japan. General Motors Corp. similarly sold off its stakes in Japanese automakers in recent years.

Selling shares of Mazda, which makes the RX-8 sports car and Miata roadster, would furnish Ford with cash as it tries to turn around its business.

Ford has struggled amid a drastic downturn in U.S. auto sales, burning through nearly US$11 billion of its cash stockpile in the past year. It reported its worst-ever quarterly loss of US$8.7 billion in the second quarter.

Speculation has risen that Ford may file for bankruptcy, although it has denied that. Ford`s stock price has also suffered, plunging to its lowest level in 25 years.

Ford formed a capital alliance with Mazda in 1979, taking a 25 percent stake. That was raised to 33.4 percent in 1996 - a controlling share in Japan.

Over the last decade, Ford helped engineer a turnaround at once-struggling Mazda, sending executives and sharing technology and auto parts to cut costs.

Mazda, Japan`s fourth-biggest automaker, has been a bright spot in Ford`s otherwise-gloomy fortunes of late. Mazda posted a six-fold surge in profit in the April-June quarter.

In an interview with The Associated Press in Detroit on Friday, CEO Alan Mulally denied Ford was about to run out of cash.

Mulally did not rule out asset sales as a way to raise money, but did not refer to Mazda specifically.

"Cash is really, really important, so we are managing that very carefully," Mulally said.

Dow 9,162.53 +711.34 +8.42%

Posted by : kedawat

Dear All ,

Dow now up at +711.34 point & +8.42% @ 12:57 AM (india).

& Nikki will open in morning with huge GAP about 8% -10% on tuesday & hope that Hang Seng will join the relly 2 day & bounce other 500 to 700 points.

Nifty will touch 3800 in this week & if it cross with huge volume then it can be test 4000 . buy put when nifty will 3800.


Happy Investing
NO FEAR PORTFOLIO
Manish Kedawat

No one is too big not to fall

Posted by : sambala

Hong Kong in (Mini)bondage

Testing the city`s resolve to adhere to free-market principles

It might be tempting for governments to step in to ease investor pain after a bad few market weeks, but that doesn`t make it a good idea. Hong Kong`s government seems to be losing sight of that fact.

The territory is in the middle of a controversy over "minibonds," derivatives marketed to retail investors. Small investors, who were sold the products by their banks, allege they were conned into buying investments they thought were as safe as bonds but with higher returns. In reality, the securities were a complex bundle of assets and have plunged in value after the bankruptcy filing of their underwriter, Lehman Brothers. The Securities and Futures Commission says it vetted the prospectuses to make sure the higher risks were properly disclosed.

There`s intense political pressure to "do something." So far the territory`s banking regulator, the Hong Kong Monetary Authority, has received more than 9,000 complaints related to these products, into which Hong Kongers had poured roughly 15 billion Hong Kong dollars ($1.9 billion). Last week, Financial Secretary John Tsang and Financial Services and Treasury Secretary K.C. Chan stepped in to pressure banks to buy minibonds back from investors to cut investors` losses. Meanwhile, some legislators have been participating in protests outside bank offices and leading meetings between investors and bank executives.

This is a far cry from the spirit of "positive noninterventionism" that has traditionally guided Hong Kong`s economic policy. Key to that is allowing individuals to thrive or fail on their own. It sends a bad message, to businesses and investors alike, to see officials and lawmakers piling on to "fix" investments gone awry.

The minibonds were also marketed heavily in Singapore, where roughly 8,000 people bought bonds worth around 508 million Singapore dollars ($342 million). Some of those investors formed a highly unusual protest at the Speakers` Corner Saturday to vent their ire. The Monetary Authority of Singapore so far is focusing on the question of whether minibonds` risks were properly disclosed.

A similar investigation on disclosures is under way in Hong Kong. Barring banking improprieties, however, the investors may just have made unlucky bets. Unless Hong Kong`s government intends to bail out every investor or resolve every private-sector dispute, it would be better to stick with another dose of nonintervention.
From today`s Wall Street Journal Asia

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : vam_aru

Dear BSR,

You are right, since we know that around 11:30 AM today that europe is going to be in green, and USA futures also suggested around 300 Points move, so I have build Two Sold PUT positions , one I had booked the profits around 3:00 PM, One i`m carrying on.

NIFTY 3750 to 3800 is clearly visible, so I might build PUT positions at 3800 levels.

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : BullSheetRules

Yep, sp.palo...

As expected, instead of fall, rise happened before going for that 10% fall you would like to see to have that optimistic future for 2009! :) :)

Gud luk & happy investing! :)

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : pkjattking

I think icici may have survived a blow... n they should learn from there mistakes,,,,,,, simple way is ask 25% down payment and do a simple credit check on customers..... its that simple...

No one is too big not to fall

Posted by : sambala

British govt to take control of two major banks: reports

LONDON (AFP) - The British government will on Monday announce plans to take controlling shares in HBOS and Royal Bank of Scotland (RBS), two of the banks worst affected by the global financial crisis, media reports said.

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : BullSheetRules

:) Yep d_k, TA is just a TOY to understand MONEY Flow into markets.

Since most BIG PLAYers use similar kind of TA systems, it becomes easy for everyone to make that SELL or BUY decision in lazy manner! :)

In this age of internet and related technologies, it is pretty easy for a Smart investors or trader to see those TA themselves instead of relying on any BS experts!

Once that point 5 is clear, that TOY will again come into picture to PLOT new points! and GAME will continue like this forever! :) :) If BIG PLAYers start BUYing at that time, then we can very well expect the START of BULL RUN else we will continue to PLAY in traders zone in this GAME of REAL Money!

Just a BS point: Unlike common Retail investors, those BIG PLAYers do not use 100% Money to build those positions. Most of the time, those BIG PLAYers use Margin money. So that TA helps to understand when those PLAYers will be under HEAVY pressure to BUY or SELL due to those Margin Trigger calls! :) If you look at the market behaviour for last two days, that was more from margin calls! :) That extra liquidity is also added to support those margin calls! :) :)

Anyway, since I PLAY as per the PLAYers PLAYing the GAME, I will again check our favourite Toy TA to see what those BS Big Players are going to do ahead!!

Anyway, if we clear this point 5 and those BIG PLAYers start BUYing, then we can expect the start of BULL RUN now itself! Else Genuine LT Investors should continue to PLAY wait and watch GAME!

I hope you got some idea about TA as a Toy! :)

Gud luk & happy investing! :)

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : radhika_nandlal

How come all followers of skotak are in LONDON and ROME? LOL

Do you believe that the Indian banking system is healthy?

Posted by : MMB Messenger

Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : BullSheetRules

Hey lovemeall26,

:) Two days back I went SHORT to mint that money! :)

I did expect some rallies to come as downside was limited to that 3050 values!

I just lighten some SHORT positions to build a few more at higher level.

Will build more tomorrow if the market permits that around 3700! :)

Today, not much PLAY was DONE!

Just read some news here and there to understand the FUNDAMENTAL implications of Nationalisations of banks, liquidity inputs in different markets! :)

YEN DOLLAR ratio is still under 101 and has not improved considerably. :) So I do not expect market all over the world to go UP in Hurry!

Still trying to figure out (Speculate) what could be the BIG JOKER resulting in Deep Bear Corrections all over the world... I have got some idea as of now... but reading those BS news give an hint of the opposite ideas so far! So let us see! :)

Gud luk & happy investing! :)