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Tracked by: 0 Boarder
G7 PLEDGES TO USE `ALL AVAILABLE TOOLS` TO STABILIZE MARKETS, BUT GIVES NO SPECIFICS...
In reply to:
A Nation on the Grill
Posted by :
sambala
Investors may pick up these mortgages for a fraction of their potential worth. But trying to make toxic loans work is time-consuming and labor-intensive, and carries huge risk of its own. People in repayment plans often default a second time, said Mani Sadeghi, a managing partner at Equifin Capital Partners in New York, which has set up a company that invests in mortgages and distressed loans.
Despite the "vulture" label, Sadeghi suggested there is a white knight aspect to the task. These bad loans are taken off bank balance sheets, "where they are acting as a cancer." And the homeowners get a shot at keeping their property.
"We`re trying to create better outcomes than foreclosures," Sadeghi said.
By DAVID B. CARUSO
Tracked by: 1 Boarder
Charities` £120m at risk in Icelandic banks
British charities stand to lose at least £120m invested in stricken Icelandic banks, it emerged today.
The National Council for Voluntary Organisations (NCVO) said it knew of six charities so far that had investments at risk.
A spokesman for the NCVO, which has called for urgent talks with Chancellor Alistair Darling to urge him to protect good causes with investments in the banks, said it estimated British charities have "a minimum of £120m" tied up with Icelandic lenders.
Naomi House children`s hospice in Sutton Scotney, near Winchester, Hants, has £5.7m of deposits invested with Kaupthing Singer & Friedlander, which has gone into administration, while the Physiological Society in London confirmed it had £523,000 invested with the same bank.
Cats Protection has £11.2m of deposits in Kaupthing Singer and Friedlander (KSF).
A spokeswoman said the news would have "no impact at all on the charity`s day-to-day operation".
"The deposits held by KSF were earmarked for long-term projects only and to provide a safety net in case of real emergencies.
"Therefore, the only areas of Cats Protection`s work that may be affected will be those plans around future new facilities."
She added: "Cats Protection believes there is a case to be made to the Treasury that its particular deposits are public money that has been donated for us to help cats and provide benefits to the public.
"The charity feels strongly that public deposits should be safeguarded and is currently calling on, and working with, other organisations within the voluntary sector to support each other in this call to action on the Government."
City Minister Paul Myners was holding talks with representatives of the charitable sector today.
Charities classified as small businesses are covered for the first £50,000 of any investments under the Financial Services Compensation Scheme.
But while the Government has promised individual savers with deposits in Icelandic accounts that it will reimburse any losses they suffer, it has been resisting calls to extend the guarantee to the charitable sector and local authorities.
Last night the Charities Aid Foundation (CAF) called for the Government to give full protection for the charities` money.
CAF chief executive John Low said: "The Government has ignored the letter we sent in August calling for full protection for all charity deposits.
"Now it seems charities might lose millions in collapsed Icelandic banks. The impact of this on the people and causes dependent upon them could be catastrophic."
...
In reply to:
No one is too big not to fall
Posted by : sambala
There are NO TALKS to renegotiate the Morgan Stanley-MUFG deal, according to people familiar with the matter. Morgan Stanley expects to receive the $9 billion investment Tuesday.
Tracked by: 0 Boarder
Investors may pick up these mortgages for a fraction of their potential worth. But trying to make toxic loans work is time-consuming and labor-intensive, and carries huge risk of its own. People in repayment plans often default a second time, said Mani Sadeghi, a managing partner at Equifin Capital Partners in New York, which has set up a company that invests in mortgages and distressed loans.
Despite the "vulture" label, Sadeghi suggested there is a white knight aspect to the task. These bad loans are taken off bank balance sheets, "where they are acting as a cancer." And the homeowners get a shot at keeping their property.
"We`re trying to create better outcomes than foreclosures," Sadeghi said.
By DAVID B. CARUSO
...
In reply to:
A Nation on the Grill
Posted by : sambala
Vultures circle Wall Street, but hesitate to feed
NEW YORK
When financial panic sweeps Bedford Falls in the 1946 movie "It`s a Wonderful Life," the villain, Mr. Potter, moves to snap up the Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar.
"I may lose a fortune," Potter says with a smirk. The picture`s hero, George Bailey, knows better. "He`s picking up some bargains," he tells stockholders.
That kind of bold opportunism has made capitalists rich for centuries. Now, legions of like-minded bargain-hunters stand ready to do some Potter-style shopping of their own amid the nation`s financial crisis.
"Vulture" investors, as they are called, have raised tens of billions of dollars over the past year in anticipation of opportunities to scavenge distressed assets and debt at discounted prices.
Speculators are eyeing potential profits in many of the same areas now at the center for the financial mess: real estate in foreclosure-plagued Florida, high-yield commercial paper, and pools of questionable mortgages.
Yet, so far, most have hesitated to swoop in. Instead, they have circled and watched for nearly a year as the turmoil worsened, wary about committing to anything with the financial system in chaos.
"These people have been waiting for the bottom to be reached before they plunge in, and then they take the risk of having the price drop even more," said Roy Smith, a finance professor at New York University.
The vultures have been skittish for another reason: The poorly performing mortgages at the root of the crisis were repackaged, resold, sliced apart and pooled together in so many complicated ways that even the best-trained experts have trouble understanding their value.
"There are investors who have pools of loans, and they don`t know where the assets are," said Harvey Green, chief executive and president of Marcus & Millichap, a large commercial real estate investment brokerage based in Los Angeles.
Some of these factors might begin to change in the coming months as the federal government begins trying to stimulate the credit markets with its $700 billion bailout.
If it works, the private sector may be ready to pounce. Dow Jones Private Equity Analyst said Tuesday that 18 distress funds have raised $37.9 billion so far this year. One big player, Oaktree Capital Management, has set aside a whopping $10.6 billion to invest in distressed debt. Goldman Sachs announced last fall that it had raised $4.5 billion to invest in distress opportunities in the credit markets. Even Lehman Brothers had been preparing a $1.25 billion fund for distressed mortgage-backed securities before filing for bankruptcy last month.
"There is much more money raised for these distressed assets than there are distressed assets themselves," said Tomasz Piskorski, assistant professor of finance at Columbia University.
Other entities have begun to mobilize in response to the crisis, such as high-powered law firms and factory-like operations designed to rehabilitate bad mortgages.
Former Mayor Rudy Giuliani`s law firm, Bracewell & Giuliani LLP, has formed a task force to help corporate clients understand legislation and regulatory issues related to the bailout, a politically delicate move that Democrats seized on in trying to paint the Republican as taking advantage of the crisis. Republicans called such attacks ridiculous.
In a news release on Oct. 7, the firm said one "silver lining" to the economic crisis is the opportunity for risk-taking investors to pick up distressed debt at a rock-bottom price. Bracewell & Giuliani is one of hundreds of firms looking to put their lawyers to work untangling the financial mess.
Some investors have already started to position themselves for forays into the problematic mortgage market by hiring teams of specialists who will attempt to rehabilitate bad loans by renegotiating them with the homeowners.
Cont.....
Tracked by: 0 Boarder
Vultures circle Wall Street, but hesitate to feed
NEW YORK
When financial panic sweeps Bedford Falls in the 1946 movie "It`s a Wonderful Life," the villain, Mr. Potter, moves to snap up the Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar.
"I may lose a fortune," Potter says with a smirk. The picture`s hero, George Bailey, knows better. "He`s picking up some bargains," he tells stockholders.
That kind of bold opportunism has made capitalists rich for centuries. Now, legions of like-minded bargain-hunters stand ready to do some Potter-style shopping of their own amid the nation`s financial crisis.
"Vulture" investors, as they are called, have raised tens of billions of dollars over the past year in anticipation of opportunities to scavenge distressed assets and debt at discounted prices.
Speculators are eyeing potential profits in many of the same areas now at the center for the financial mess: real estate in foreclosure-plagued Florida, high-yield commercial paper, and pools of questionable mortgages.
Yet, so far, most have hesitated to swoop in. Instead, they have circled and watched for nearly a year as the turmoil worsened, wary about committing to anything with the financial system in chaos.
"These people have been waiting for the bottom to be reached before they plunge in, and then they take the risk of having the price drop even more," said Roy Smith, a finance professor at New York University.
The vultures have been skittish for another reason: The poorly performing mortgages at the root of the crisis were repackaged, resold, sliced apart and pooled together in so many complicated ways that even the best-trained experts have trouble understanding their value.
"There are investors who have pools of loans, and they don`t know where the assets are," said Harvey Green, chief executive and president of Marcus & Millichap, a large commercial real estate investment brokerage based in Los Angeles.
Some of these factors might begin to change in the coming months as the federal government begins trying to stimulate the credit markets with its $700 billion bailout.
If it works, the private sector may be ready to pounce. Dow Jones Private Equity Analyst said Tuesday that 18 distress funds have raised $37.9 billion so far this year. One big player, Oaktree Capital Management, has set aside a whopping $10.6 billion to invest in distressed debt. Goldman Sachs announced last fall that it had raised $4.5 billion to invest in distress opportunities in the credit markets. Even Lehman Brothers had been preparing a $1.25 billion fund for distressed mortgage-backed securities before filing for bankruptcy last month.
"There is much more money raised for these distressed assets than there are distressed assets themselves," said Tomasz Piskorski, assistant professor of finance at Columbia University.
Other entities have begun to mobilize in response to the crisis, such as high-powered law firms and factory-like operations designed to rehabilitate bad mortgages.
Former Mayor Rudy Giuliani`s law firm, Bracewell & Giuliani LLP, has formed a task force to help corporate clients understand legislation and regulatory issues related to the bailout, a politically delicate move that Democrats seized on in trying to paint the Republican as taking advantage of the crisis. Republicans called such attacks ridiculous.
In a news release on Oct. 7, the firm said one "silver lining" to the economic crisis is the opportunity for risk-taking investors to pick up distressed debt at a rock-bottom price. Bracewell & Giuliani is one of hundreds of firms looking to put their lawyers to work untangling the financial mess.
Some investors have already started to position themselves for forays into the problematic mortgage market by hiring teams of specialists who will attempt to rehabilitate bad loans by renegotiating them with the homeowners.
Cont.....
...
In reply to:
A Nation on the Grill
Posted by : sambala
Not everyone agreed. "We may get to the point where we need to inject capital into banks, but we`re not there yet," Mr. Crandall said. "That holds the greater potential reward for economy but creates more risk for taxpayers."
Mr. Paulson`s reputation took a hit following the battle with Congress over the plan. When asked to grade the secretary`s performance, economists on average dropped his score to 67 from 74 in July. Grades for Federal Reserve Chairman Ben Bernanke fell to 72 from 77 in July. Federal Deposit Insurance Corp. Chairwoman Sheila Bair fared best at 80.
Tracked by: 0 Boarder
Corporate profits are already on the verge of falling for a fifth straight quarter, according to Thomson Financial. The next shoe to drop will be consumer spending. "Two years ago, people were using their homes as ATMs, pumping out cash," says Robert Arnott, chairman of the investment consulting firm Research Affiliates in Pasadena. "As banks continue to tighten their lending, that spending is disappearing."
But softer profits and slower spending haven`t translated into widespread layoffs yet. "This is the strongest recessionary job market in 40 years," says James Paulsen, chief investment strategist of Wells Capital Management. A jump in unemployment could still be coming, especially given bank and brokerage failures and mergers. But outside of finance and housing, much of the rest of the economy is strong, he says.
The weak dollar is boosting demand for our goods abroad, and lower gas prices are making Americans feel more flush. Add in the cash that the Fed has been hosing into the banking system and we are bound to see growth in 2009. "If all this stimulus has no effect on the economy, that would be a rarity indeed," says Paulsen.
Standard & Poor`s chief economist David Wyss expects a mild recession that ends next spring. "Gradually we will regain confidence in the market. Lower oil prices and a falling trade deficit will help," he says. "This is a financial panic, not an economic one."
Of course, that could change if the financial panic doesn`t abate soon. If banks remain too scared or broke to lend, would-be home buyers will be frozen out of the market. If that happens, home values could fall even more, crimping confidence and putting the brakes on the economy`s greatest engine: the consumer.
Does All This Mean I`ll Pay Higher Taxes?
Yes. "Taxes will rise regardless of who wins the Presidency," predicts Greg Valliere, chief political strategist for Stanford Group Co.
It`s impossible to say what the final bill for rescuing Wall Street will be. Even before the bill to buy $700 billion of unwanted mortgage-backed debt, the government had already signed on for nearly $365 billion in loan guarantees and other costs.
The eventual price tag will depend in part on the housing market. If it recovers by 2010, the value of mortgage-backed securities could rise, minimizing the tab for taxpayers, says Brian Bethune, chief U.S. financial economist for Global Insight.
"On the other hand," Bethune adds, "if the economy continues to tank into a deeper recession, dragging the housing market along with it, then the costs to the taxpayers easily could escalate to several hundred billions of dollars."
Under Treasury Secretary Henry Paulson`s original debt-buyback proposal, some economists predicted the federal deficit could soar to $900 billion in 2009. Even without a bailout, the federal budget was expected to hit $482 billion next year. If government aid pads that figure by $200 billion, the deficit will be back to where it stood in the 1980s - around 5% of GDP. At the very least, that will make it hard for a future President to keep tax-cut promises.
...
In reply to:
Is indian economy collapsing????!!!!
Posted by : sambala
What This Economy Means for You
As the most serious credit crisis in decades rocks your finances, you`ve got to have questions. Here are the answers.
Back in January, when it first became clear the economy and the markets were in for a rough patch, the consensus forecast was that we`d have seen the worst of it by now.
Perhaps you put a bit more cash in the bank, trimmed the fat from your budget and tweaked your 401(k) allocations, but otherwise you were confident you could stay the course.
Then came the extraordinary events of September: the government`s seizure of Fannie Mae and Freddie Mac and rescue of American International Group; the bankruptcy of Lehman Brothers and pending sale of Merrill Lynch; the first money market fund loss in more than a decade; a series of bank fire sales; and a politically charged federal bailout plan that could carry a $700 billion price tag. You can`t help but wonder what all this means to you.
Here are some key questions, from when stocks could bounce back to what`s ahead for the economy and home prices. Choose a topic to get some answers.
The Economy
How Did We Get Here?
By now you likely know that the crisis in the financial markets is the culmination of years of reckless mortgage lending and Wall Street dealmaking. It`s the final gasp of the burst housing bubble. But how exactly did this happen?
To find the root cause of Wall Street`s woes, you have to go back to the collapse of a different bubble - tech. In 2001, after the dotcom craze ended and the bear market began, the Federal Reserve started aggressively slashing short-term interest rates to stave off recession. By eventually reducing rates to a historically low 1%, the Fed reinflated the economy. But this cheap money sparked a new wave of risk taking.
Homeowners, armed with easy credit, snapped up properties as if they were playing Monopoly. As prices soared, buyers were able to afford ever-larger properties only by taking out risky mortgages that lenders were happily approving with little documentation or money down.
At the same time, Wall Street investment banks got a brilliant idea: bundle the riskiest of these mortgages, then slice and dice these portfolios into tradable bonds to be sold to other banks and investors. Amazingly, bond-rating agencies slapped their highest ratings on the "best" of this debt.
This house of cards came down when subprime borrowers began defaulting on their mortgages. That sent housing prices tumbling, unleashing a domino effect on mortgage-backed securities. Banks and brokerages that had borrowed money to boost the impact of those investments had to race to raise capital.
Some, like Merrill Lynch, were forced to sell. Others, like Lehman Brothers, weren`t so lucky. "What we always tell investors is beware of too much leverage in a company," says Brian Rogers, chairman and portfolio manager for T. Rowe Price. "Leverage is the enemy of the investor."
Sure, everyone from former Fed chairman Alan Greenspan to your friends and neighbors played a role in stoking this casino culture. But troubled banks and brokerages can`t pass the blame. "These firms closed their eyes and made very bad bets on risky securities that they didn`t truly understand," says Jeremy Siegel, finance professor at the University of Pennsylvania`s Wharton business school. "Investments that they did not have to make led to their demise."
How Bad Could the Economy Get?
Before the meltdown, economists fell into two camps: those who thought the economy had already slipped into recession and those who thought a recession could still be avoided.
While forecasters still differ on the timing and severity of a downturn, "the consensus view is that we`re headed for recession and will be in one until next year," says Mark Zandi, chief economist for Moody`s Economy. com.
Cont.....
Tracked by: 0 Boarder
What This Economy Means for You
As the most serious credit crisis in decades rocks your finances, you`ve got to have questions. Here are the answers.
Back in January, when it first became clear the economy and the markets were in for a rough patch, the consensus forecast was that we`d have seen the worst of it by now.
Perhaps you put a bit more cash in the bank, trimmed the fat from your budget and tweaked your 401(k) allocations, but otherwise you were confident you could stay the course.
Then came the extraordinary events of September: the government`s seizure of Fannie Mae and Freddie Mac and rescue of American International Group; the bankruptcy of Lehman Brothers and pending sale of Merrill Lynch; the first money market fund loss in more than a decade; a series of bank fire sales; and a politically charged federal bailout plan that could carry a $700 billion price tag. You can`t help but wonder what all this means to you.
Here are some key questions, from when stocks could bounce back to what`s ahead for the economy and home prices. Choose a topic to get some answers.
The Economy
How Did We Get Here?
By now you likely know that the crisis in the financial markets is the culmination of years of reckless mortgage lending and Wall Street dealmaking. It`s the final gasp of the burst housing bubble. But how exactly did this happen?
To find the root cause of Wall Street`s woes, you have to go back to the collapse of a different bubble - tech. In 2001, after the dotcom craze ended and the bear market began, the Federal Reserve started aggressively slashing short-term interest rates to stave off recession. By eventually reducing rates to a historically low 1%, the Fed reinflated the economy. But this cheap money sparked a new wave of risk taking.
Homeowners, armed with easy credit, snapped up properties as if they were playing Monopoly. As prices soared, buyers were able to afford ever-larger properties only by taking out risky mortgages that lenders were happily approving with little documentation or money down.
At the same time, Wall Street investment banks got a brilliant idea: bundle the riskiest of these mortgages, then slice and dice these portfolios into tradable bonds to be sold to other banks and investors. Amazingly, bond-rating agencies slapped their highest ratings on the "best" of this debt.
This house of cards came down when subprime borrowers began defaulting on their mortgages. That sent housing prices tumbling, unleashing a domino effect on mortgage-backed securities. Banks and brokerages that had borrowed money to boost the impact of those investments had to race to raise capital.
Some, like Merrill Lynch, were forced to sell. Others, like Lehman Brothers, weren`t so lucky. "What we always tell investors is beware of too much leverage in a company," says Brian Rogers, chairman and portfolio manager for T. Rowe Price. "Leverage is the enemy of the investor."
Sure, everyone from former Fed chairman Alan Greenspan to your friends and neighbors played a role in stoking this casino culture. But troubled banks and brokerages can`t pass the blame. "These firms closed their eyes and made very bad bets on risky securities that they didn`t truly understand," says Jeremy Siegel, finance professor at the University of Pennsylvania`s Wharton business school. "Investments that they did not have to make led to their demise."
How Bad Could the Economy Get?
Before the meltdown, economists fell into two camps: those who thought the economy had already slipped into recession and those who thought a recession could still be avoided.
While forecasters still differ on the timing and severity of a downturn, "the consensus view is that we`re headed for recession and will be in one until next year," says Mark Zandi, chief economist for Moody`s Economy. com.
Cont........
In reply to:
Is indian economy collapsing????!!!!
Posted by : marketman
We have been listening indian growth stories for few years.... our financial markets too witnessed the same trend till recently.... our policy makers repeatedly assuring the investors about the strongness of indian economy.... they are saying india is immune to world financial crisis....
But indian financial markets too collapsing along with the global cues.... almost all investors and many corporates are already in deep troubles.... few are doubting at some pvt sector banks for their suspicious behaviour....
We are also part of globe,india is not from any other planet.... this common logic is ignored by our policy makers and talking nonsenses on daily basis to confuse/mislead the indian investors aswell as indian public....
Atleast the chiefs of global economy taking few steps to control the situation,we havnot seen any types of mesures or useful decisions so far in india.... already stock markets fell more than 50% from their peaks within few months.... banks are struggling for survival,many corporates facing liquidty problem,few companies at the threshold of removing employees from payrolls,experts epecting subprime type issues may occur soon in india too.... interestingly indian rupee is weaken much within short span of time....
By seeing/experiencing all these ill effects,even patriotic indians doubting about the situation of economy in the country.... few people asking questions like Is indian economy too collapsing?!
Tracked by: 0 Boarder
ALL YOUR ARTICLES ABOUT RECESSION AND STOCK MARKET CRASH IN YOUR WEBSITE ARE BEAUTIFUL, EXCELLENT AND INFORMATIVE.
Why Americam management failed and resulted into great economic recession.?
The modern (Western) management concepts of vision, leadership, motivation, excellence in work, achieving goals, giving work meaning, decision making and planning, are all well discussed and implemented but failed miserably.
The greed is a more fundamental and better explanation than the principles of economics and the impact of government policy on economic decisions. Misses the point that most people and businesses are motivated to improve their condition and that this force is always at work. Why did greed suddenly cause this meltdown? What allowed it to get out of control. There is one major difference. While Western management thought too often deals with problems at material, external and peripheral levels, the Bhagavad-Gita tackles the issues from the grass roots level of human thinking. Once the basic thinking of man is improved, it will automatically enhance the quality of his actions and their results. If businessmen wanted to rape and pillage, I mean maximize profit, you wouldn’t have to force them to loan money. Their profit motive gives them an incentive to “serve” the community. If certain communities aren’t being served that signals the presence of other forces dissuading businessmen from selling their product or service. Implicit in this argument is the belief that customers have a right to demand the services and goods provided by businesses. Of course, this idea underlies arguments for universal health care and whatever other service or good deemed to be too valuable to trust to the market.
The management philosophy emanating from the West is based on the lure of materialism and on a perennial thirst for profit, irrespective of the quality of the means adopted to achieve that goal. This phenomenon has its source in the abundant wealth of the West and so `management by materialism` has caught the fancy of all the countries the world over, India being no exception to this trend. My country, India, has been in the forefront in importing these ideas mainly because of its centuries old indoctrination by colonial rulers, which has inculcated in us a feeling that anything Western is good and anything Indian, is inferior. Gita does not prohibit seeking money, power, comforts, health. It advocates active pursuit of one`s goals without getting attached to the process and the results.
The result is that, while huge funds have been invested in building temples of modem management education, no perceptible changes are visible in the improvement of the general quality of life - although the standards of living of a few has gone up. The same old struggles in almost all sectors of the economy, criminalization of institutions, social violence, exploitation and other vices are seen deep in the body politic.
...
In reply to:
Is indian economy collapsing????!!!!
Posted by : marketman
We have been listening indian growth stories for few years.... our financial markets too witnessed the same trend till recently.... our policy makers repeatedly assuring the investors about the strongness of indian economy.... they are saying india is immune to world financial crisis....
But indian financial markets too collapsing along with the global cues.... almost all investors and many corporates are already in deep troubles.... few are doubting at some pvt sector banks for their suspicious behaviour....
We are also part of globe,india is not from any other planet.... this common logic is ignored by our policy makers and talking nonsenses on daily basis to confuse/mislead the indian investors aswell as indian public....
Atleast the chiefs of global economy taking few steps to control the situation,we havnot seen any types of mesures or useful decisions so far in india.... already stock markets fell more than 50% from their peaks within few months.... banks are struggling for survival,many corporates facing liquidty problem,few companies at the threshold of removing employees from payrolls,experts epecting subprime type issues may occur soon in india too.... interestingly indian rupee is weaken much within short span of time....
By seeing/experiencing all these ill effects,even patriotic indians doubting about the situation of economy in the country.... few people asking questions like Is indian economy too collapsing?!
Tracked by: 8 Boarders
Hi Lalitdeshpandey,
When talented people get angry
The intellectual content of the message gets lost
Only the negative part is remembered and good info never get absorbed
Buy others
People differ on opinion/views,more the intelligence more the difference
I see it every where, in academics,politics,even with father and son
Having Grey hair i have gone thru that
Let the content blossom and debated, and anger disappear
Take care
GV
GV
...
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by :
Lalitdeshpandey
Ya you are right gv,
I am lesser tolerent man.. I shall have littlemore tolerance!!!
Will take care.........
But basically , We shall remember always ( I feel so 0 that MMB india is the board where we are posting. What we post shall have little corelation with Indian stock market..
If Dow fall, its ok.. some times but when Some one post messages in toto about what , with which most of the viewers have to do nothing..... anger flows in a different way......
And anger is built gradually.........
See RAMGE.. Boarder and his messages. he is at the top f his anger.. against S Kotak.. Not because Kotak is his enemy... he is pro type Indian man rushing, always ,tohelp (un wanted) ladies..
Once I sow one accident in which driver was seriously injured ful of blood, but lot os ( may be most of ) people were asking his beautiful wife ki, MADAM , Are you ok ?? Jya da laga to nahi na ??
etc etc..... Ultimately that man expired on the road.. and people still were suporting lady seating on the road site and checking her feet etc!!!!!!!!!!!!!
This type is non s.......na ?????
RAMGE is doing same thing on my board. Addressing me Kotak.. I finally lost my temparament and also started abusing him......
What we can do ?? we are also human being and not Mohan lal karamchand Gandhi na ???
any way,
I like people like you who remind us of ill and that way try to help us in restricting !!!!!!
Thanks,
Tracked by: 0 Boarder
I am absolutely agree with both the analysts Mr kela and Mr Akash, it is like a sunami which had hit the world, every thing will be normal after some time but it is a great time to buy.Market tiger Mr Udyan Mukherjee is seems to be nervous as TV-18 has also gone down drastically. When such tigers become nervous think that is end of fall,leaving few hundred point here and there.My dear inverstors world in nervous but u dont get nervous, plan your expence and invest ur saving in market instead of putting in FD in banks. There is nothing to loose more than this, you may remember me after one year or so..........
In reply to:
Experts differ on mkts stabilising
Posted by : MMB Messenger
Madhusudhan Kela, Reliance Mutual Fund sees the markets stabilising over the next 10-15 days. However, Akash Prakash, Amansa Capital PTE said it is tough to see an end to the market mayhem.
Tracked by: 0 Boarder
Madhusudhan Kela, Reliance Mutual Fund sees the markets stabilising over the next 10-15 days. However, Akash Prakash, Amansa Capital PTE said it is tough to see an end to the market mayhem....
Tracked by: 3 Boarders
I will wait for your reply.
Thank you
Ravi...
In reply to:
Why US brokers merge with US Banks?
Posted by : Kalidas
there are three kinds of investors Those
- who are afraid to lose money
- who are afraid to make money
- who are afraid to hold the money.
You are in last category. Buy altogether 5 stosks. I will tell you tomorrow the list
Kalidas, Hong Kong
10-10-2008
Tracked by: 8 Boarders
I posted Long eply but... net bacame vilan refused to support my message.
Any way,
Thanks......
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by : gv
"We shall be serious....."
Off course, so are others who are investing/trading
But,why the anger?and exchanging nasty mails
anger is also contagious
and seriousness should bring caution and not anger
Tracked by: 8 Boarders
Ya you are right gv,
I am lesser tolerent man.. I shall have littlemore tolerance!!!
Will take care.........
But basically , We shall remember always ( I feel so 0 that MMB india is the board where we are posting. What we post shall have little corelation with Indian stock market..
If Dow fall, its ok.. some times but when Some one post messages in toto about what , with which most of the viewers have to do nothing..... anger flows in a different way......
And anger is built gradually.........
See RAMGE.. Boarder and his messages. he is at the top f his anger.. against S Kotak.. Not because Kotak is his enemy... he is pro type Indian man rushing, always ,tohelp (un wanted) ladies..
Once I sow one accident in which driver was seriously injured ful of blood, but lot os ( may be most of ) people were asking his beautiful wife ki, MADAM , Are you ok ?? Jya da laga to nahi na ??
etc etc..... Ultimately that man expired on the road.. and people still were suporting lady seating on the road site and checking her feet etc!!!!!!!!!!!!!
This type is non s.......na ?????
RAMGE is doing same thing on my board. Addressing me Kotak.. I finally lost my temparament and also started abusing him......
What we can do ?? we are also human being and not Mohan lal karamchand Gandhi na ???
any way,
I like people like you who remind us of ill and that way try to help us in restricting !!!!!!
Thanks,...
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by : gv
"We shall be serious....."
Off course, so are others who are investing/trading
But,why the anger?and exchanging nasty mails
anger is also contagious
and seriousness should bring caution and not anger
Tracked by: 8 Boarders
"We shall be serious....."
Off course, so are others who are investing/trading
But,why the anger?and exchanging nasty mails
anger is also contagious
and seriousness should bring caution and not anger
...
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by : Lalitdeshpandey
Whatever we post, we shall take responsibility , if lot of peoplefollow us..
I just wanted to tell this guy that he is on wrong path.
Instead he started arguing with me. And I did what I felt!!
When every one is faling wrong we can not blame and single out any one. However, he should have accepted my views, too, even after Sensex plunged 2400 poins instead of rallying the same!!!!!!
It is matter of MONEY and LOSSES, This board is not for poets and story writers. We shall be serious.....
Tracked by: 0 Boarder
Market psychology experts weigh in on what`s feeding the selling frenzy on Wall Street and when to look for investors` moods to change
Searching for a way to describe the current stock market meltdown? Call it the "Panic of 2008."
In the past century, the world has seen countless financial crises, economic downturns, and market crashes. But the last major event to be called a `panic` was the Panic of 1907.
If ever it were appropriate to revive the term "panic," this is the time. The day-after-day declines in the stock market are unprecedented.
The S&P 500, the broad U.S. stock index, has lost 22% of its value in six trading sessions, from Oct. 2 to Oct. 9. Brian Gendreau of ING Investment Management points out that the Dow Jones industrial average, founded in the late 19th century, until this month had never seen six consecutive daily declines of 1% or more.
Forget Normal
Normally even falling stock markets take a break from time to time, as the vultures swoop in to pick up stocks at bargain prices.
But now, the market`s psychology is anything but normal.
Every time the stock market rallies—as it did on the morning of Oct. 9—"there are tons of sellers everywhere," says Dave Rovelli, managing director of equity trading at Canaccord Adams. "People just want out."
Panic in financial markets—just as in everyday life—is explained by the fight-or-flight instinct. "That makes people overreact," says Avanidhar Subrahmanyam, a professor and expert on market psychology at the UCLA Anderson School of Management.
Not only are stock traders running scared, so are financial institutions. "You`ve got panics not only among individual investors but panic in the industry itself," says John Merrill, chief investment officer at Tanglewood Wealth Management.
Dysfunction in the credit markets means financial firms lack the confidence to transact business with each other.
Irrational Despair?
A panic is a "situation in which people do things that contradict rationality," says Paolo Pasquariello, a professor at the University of Michigan`s Ross School of Business.
But by that definition, is this really a panic? "It`s difficult to say people are selling because they are panicking," Pasquariello says. Selling now isn`t necessarily irrational, he says. There are plenty of good reasons to move from riskier to safer investments at a time when the financial system has stopped working and a serious economic slowdown looks imminent to many economists.
By contrast, Subrahmanyam is more convinced the markets are behaving irrationally. It`s not as if we`ve had a nuclear war and "real" assets were destroyed, he says. Rather, problems are in the financial sector, not the "real" activity in the rest of the economy. "The real, nonfinancial base of the economy is still fairly strong," he says—far stronger than during, for example, the Great Depression.
Bargain Basement
"Financial panics don`t last forever," says ING`s Gendreau. Eventually investors will realize that many assets are trading at deep discounts. "Either we`re going to go into a Great Depression, or some of these assets are trading at very attractive prices," he says.
Many market participants believe the wave of stock selling is being pushed by hedge funds and other institutions that must sell assets to raise cash. Often these assets—from stocks in solid companies to municipal bonds—are being sold without regard to their inherent value. But, before jumping back in the market, "You wait for the forced selling to run its course," Merrill says.
So when might this downward spiral end?
Because of our flight-or-flight instincts, Subrahmanyam says, "things are very quick to crash." But "the recovery takes much longer."
You First
"The market ultimately reaches a bottom," says Georgetown University finance professor Reena Aggarwal. However, "no one wants to be the first to move. The markets behave in a herd mentality."
Pasquariello worries governments may simply blame market troubles on panic and irrationality—"on people being crazy." That gives them the excuse to step in and try to restore market confidence in artificial ways—such as the its recent ban on the short-selling of financial stocks, which he opposed. The real reasons for the financial crisis will "take a long time to fix," Pasquariello warns.
By its nature, a crisis is a time of uncertainty. It could be months before we know whether markets are crashing because of irrational fear or because of real economic problems. And that`s scary.
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