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Market Outlook - Short Term
Tracked by: 0 Boarder
Dow sinks 500 points amid growing anxiety over the extent of the global financial crisis. ...
In reply to:
The End of Wall Street
Posted by :
sambala
WASHINGTON (Reuters) - U.S. federal banking regulators were aware of everything that was happening at Lehman Brothers Holdings Inc in the months leading to the investment bank`s collapse, Lehman chief executive Richard Fuld told a Congressional hearing on Monday.
"Quarter to quarter, month to month, regulators (the Securities and Exchange Commission and Federal Reserve) saw how we reduced our commercial real estate holdings, how we increased our liquidity pools, how we decreased leverage and strengthened our capital levels," Fuld said in prepared testimony to be delivered to the House Oversight and Government Reform panel.
Over the summer, Lehman discussed with the Fed the possibility of converting to a bank holding company, which the two remaining big Wall Street investment banks Goldman Sachs Group Inc and Morgan Stanley recently did. Lehman filed for Chapter 11 bankruptcy protection on September 15.
Tracked by: 108 Boarders
Dear BSR,
Well , DOW and NASDAQ crumbling, DOW is melting now at 9836 now ( down 489 points ), so even though the P notes restrictions removed, and RBI moved tocut CRR rate by half percent is not going to help the markets...we may be testing 3500 first thing tomorrow, and I feel NIFTY will take a support at that level.
your views?...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear Karthikn,
RBI action is an eyewash now! In my BS opinion, that removal on BAN on P Notes is not going to LIFT the market in MT! :)
P Notes are useful when there are PLAYers on FIIs side to go for those BUY! The same P-Notes can be used for Naked SHORT SELLing! SEBI has not put any BAN on that!
It is strange that ppl in SEBI do not understand how the same P-Notes can be misused to build those SHORT Positions over a long time frame!!
Let us hope for the best!
Gud luk & happy investing! :)
Tracked by: 0 Boarder
Credit still choked, Treasurys rally
European bank problems add to investor worries, leading to tighter borrowing and a flight from stocks.
NEW YORK -- Credit markets were still choked Monday, as the financial crisis spread throughout Europe, and investors reacted to the 0 billion bailout plan signed by President Bush .
Treasury prices ticked higher as investors waited to see signs of relief and stock markets around the world tumbled.
The European economy has been tripped by the same credit crunch that forced the bailout plan signed into law by President Bush last week. Over the weekend, Germany implemented its own bailout package.
The private financial sector of Germany has pledged €50 billion to juice the Hypo Real Estate bank, the nation`s Finance Ministry said Sunday. Hypo is one of Germany`s largest housing lenders.
The German government also stepped in to shore up consumer confidence by guaranteeing all private checking and savings accounts.
Treasurys: Government debt prices rose Monday as investors waited to see when the bailout package would start to have an effect on the crippled economy. Treasurys are a perceived safe-haven for investors in times of uncertainty.
The benchmark 10-year note rose 26/32 to 104-2/32 and its yield fell to 3.51% from 3.63% late Friday. Bond prices and yields move in opposite directions.
The 30-year bond rose 1-15/32 to 108-17/32 and its yield dipped to 4.01% from 4.12% late Friday.
The 2-year note rose 7/32 to 101-1/32 and its yield fell to 1.49% from 1.66%.
The yield on the 3-month note fell to 0.41% from 0.49%. The 3-month note is a popular asset for money markets looking for stability because it offers a safe place to park cash on a short-term basis.
The gains in Treasurys reflected a flight to safety from stocks. Asian markets ended down 4% to 5%, Europe`s major indexes were 5% lower at midday, and U.S. futures pointed to a sharply lower open.
Bailout aftermath: The goal of the U.S. bailout plan was to loosen the clogged pipes of credit. Banks have been sitting on their cash, unwilling to lend, and if they are lending, it comes at a premium. When banks don`t lend, economic growth stalls and consumers have a hard time getting a loan for a house, car or tuition.
But the bailout plan was not expected to be a quick fix. The plan will take some time to offer relief for the economy and even longer for that relief to trickle down to consumers.
After weeks of belabored negotiating, and an initial failed vote in the House, the bill became law Friday.
President Bush, whose administration proposed the measure last month, has urged patience.
...
In reply to:
Paulson`s Poison & Antidote
Posted by : sambala
Must left to unfold
Overall, many experts say, Paulson`s program opens the door to facilitating industry consolidation.
Strong banks will sell their assets to the government, this line of reasoning goes, and weak smaller banks will not be able to hide their losses. As a result, weaker firms will be acquired by stronger firms.
And even as many more financial firms are bound to fail, state and local governments find themselves in perilous financial shape, said Roger Kubarych, economist at Unicredit Global Research.
"We`re going to have further failures -- not just in the banking area but in other types of financial institutions, finance companies and insurance companies can`t all make it," said Kubarych in a television interview.
And on the municipal side of things, the prospect that Jefferson County, Ala., may go into default could be just the tip of the iceberg, Kubarych said.
Jefferson County, which includes Birmingham, would be the biggest municipality to go bankrupt since Orange County, Calif., in 1994. "They are not they only state and local authority having problem paying their debt, " Kubarych said, adding: "You can`t get foreign money into municipal bonds."
Greg Robb is a senior reporter for MarketWatch in Washington.
Tracked by: 108 Boarders
OOPS!! RBI did it again!!!.. lol
BS`ly insane board for regulation..lol
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear Karthikn,
RBI action is an eyewash now! In my BS opinion, that removal on BAN on P Notes is not going to LIFT the market in MT! :)
P Notes are useful when there are PLAYers on FIIs side to go for those BUY! The same P-Notes can be used for Naked SHORT SELLing! SEBI has not put any BAN on that!
It is strange that ppl in SEBI do not understand how the same P-Notes can be misused to build those SHORT Positions over a long time frame!!
Let us hope for the best!
Gud luk & happy investing! :)
Tracked by: 108 Boarders
Anyways media is now out blowing air with bagpipers............
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
Atheist
sir,
I shorted DLF on Friday, I covered at 306 today! That calls for a roaring happy laugh, not a teeny weeny giggle. LOL
Sir, I read on bloomberg that CDS settlements of major banks are due this month in the US, assuming that there will be problems when the settlements begin, and with problems cropping up in Europe on a regular basis, the chances of further deterioration of the Indices look strong. What do you think?
...Singh...
Tracked by: 0 Boarder
WASHINGTON (Reuters) - U.S. federal banking regulators were aware of everything that was happening at Lehman Brothers Holdings Inc in the months leading to the investment bank`s collapse, Lehman chief executive Richard Fuld told a Congressional hearing on Monday.
"Quarter to quarter, month to month, regulators (the Securities and Exchange Commission and Federal Reserve) saw how we reduced our commercial real estate holdings, how we increased our liquidity pools, how we decreased leverage and strengthened our capital levels," Fuld said in prepared testimony to be delivered to the House Oversight and Government Reform panel.
Over the summer, Lehman discussed with the Fed the possibility of converting to a bank holding company, which the two remaining big Wall Street investment banks Goldman Sachs Group Inc and Morgan Stanley recently did. Lehman filed for Chapter 11 bankruptcy protection on September 15.
...
In reply to:
The End of Wall Street
Posted by : sambala
Lehman CEO Fuld says "I and many others were wrong," and that the Fed and SEC "were privy to everything as it was happening."
Tracked by: 108 Boarders
0601
Dear BS,
As far as I know,except Kalidas,none has made any correct/significant prediction in this board.If one keeps the time factor open, anyone can predict a rise or a fall.
US mkts are taking a severe beating now.
Cheers,...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear Karthikn,
If PLAYers like me see Nifty going DOWN below 3700, then only alternative left is to hammer more towards 3600!
Anyway, this time HLN has gone RIGHT! So, he deserved those congratulatory messages! :)
But if you look at the message of today correctly, then you will realise that HLN expected some kind of recovery in mid afternoon! :) :)
I hope he improves with that Timing factors and related issues!
I did check his old messages. His predictions have gone WRONG many times!
For an instance:
--
Hi,
I have systematically analysed Elliot`s wave theory. I think Indian stock will crash in the month of February 2006 culminating in savage bear market lasting for years. SENSEX may dip eventually below 6000 in three stages. In the first Impule wave we may see the level of 6800 followed by a upward moving corrective wave and then again 3rd impulse wave bringing the index to the level of 6000. BEWARE OF EXTREME DANGER. Budget day on Tuesday 28th February 2006 is very crucial time. Contact me in case of further discussion:
SURESH MITTAL
--
Looking at current situation, Nifty toching 7000 will be a distance DREAM for now!
As I shared before that in elliot wave theory the wave count keeps changing. Its only in hindsight that some sort of wavecount is approximatley defined that to with a great degree of unsurety.Even elliot, himself, did not know where the wave count begins or where it ends.
DOW has made that 4 digit figure so far today!
So, Expect Nifty to go around 3450 level in MT with upside capped at 4100!
Let us see! :)
Gud luk & happy investing! :)
Tracked by: 108 Boarders
Dear Karthikn,
RBI action is an eyewash now! In my BS opinion, that removal on BAN on P Notes is not going to LIFT the market in MT! :)
P Notes are useful when there are PLAYers on FIIs side to go for those BUY! The same P-Notes can be used for Naked SHORT SELLing! SEBI has not put any BAN on that!
It is strange that ppl in SEBI do not understand how the same P-Notes can be misused to build those SHORT Positions over a long time frame!!
Let us hope for the best!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : Karthikn
Dear BSR,
Just a small change to the Caption of thread will make a lot of difference between brickbats and appreciations. I would suggest the `WILL` to be replaced by `WHEN`.lolol...
DOW below 9950 down by 390 points as I last saw. Seems like we are in a soup for tomorrow, RBI soaps not withstanding.:-)
Regards
Tracked by: 0 Boarder
That is nonsense!
Only remember one thing, in stock market the intensity of a fear factor is more than a greed factor. That is why it takes Sensex 2 years to touch 21000 from 12000 but while coming down back to 12000, it takes less time.
Secondly the madness has to reach a level of crescendo. Then only the momentum reverses. What we see now is madness of selling at whatever price. Similarly at 21000 there were too many buyers.
Sensex would correct by 55% from top. So the target is 9800. That is the baseline of 8 years. The momentum will reverse from that stage. I pray it happens early. But I know it would take some more months for that. In this period there will be complete capitualtion of midcaps and small caps. We may see unbelievable prices.
Pl do not trade in this market. You will loose everything. Avoid derivatives, as it would take away your pants too. This is a time for buying on SIP basis till March 09. India will see inflow of funds as its GDP will still be impressive....
In reply to:
Revival or Relief from tomorrow?
Posted by : investor11
But how low people have started talkiking if nifty breaches 3500 than it may go to 2500?
Tracked by: 0 Boarder
WASHINGTON (Reuters) - A bus traveling to a casino in northern California ran off a rural road and overturned, killing at least 10 people, the San Francisco Chronicle and other media reported on Monday.
The newspaper`s on-line edition said police confirmed 10 passengers had died and more than 30 others were injured when the charter bus left the road and rolled over into a ditch about 60 miles north of Sacramento on Sunday night.
Local television stations showed the crashed bus in a muddy drainage ditch where it landed back on its wheels.
Rescuers had trouble communicating with the passengers because many spoke Lao, a California Highway Patrol officer told the newspaper.
The bus was traveling to a casino resort in the farming town of Colusa
...
In reply to:
The End of Wall Street
Posted by : sambala
Bus with gamblers flips in California, 10 dead
Tracked by: 108 Boarders
Dear BSR,
Just a small change to the Caption of thread will make a lot of difference between brickbats and appreciations. I would suggest the `WILL` to be replaced by `WHEN`.lolol...
DOW below 9950 down by 390 points as I last saw. Seems like we are in a soup for tomorrow, RBI soaps not withstanding.:-)
Regards...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear Karthikn,
If PLAYers like me see Nifty going DOWN below 3700, then only alternative left is to hammer more towards 3600!
Anyway, this time HLN has gone RIGHT! So, he deserved those congratulatory messages! :)
But if you look at the message of today correctly, then you will realise that HLN expected some kind of recovery in mid afternoon! :) :)
I hope he improves with that Timing factors and related issues!
I did check his old messages. His predictions have gone WRONG many times!
For an instance:
--
Hi,
I have systematically analysed Elliot`s wave theory. I think Indian stock will crash in the month of February 2006 culminating in savage bear market lasting for years. SENSEX may dip eventually below 6000 in three stages. In the first Impule wave we may see the level of 6800 followed by a upward moving corrective wave and then again 3rd impulse wave bringing the index to the level of 6000. BEWARE OF EXTREME DANGER. Budget day on Tuesday 28th February 2006 is very crucial time. Contact me in case of further discussion:
SURESH MITTAL
--
Looking at current situation, Nifty toching 7000 will be a distance DREAM for now!
As I shared before that in elliot wave theory the wave count keeps changing. Its only in hindsight that some sort of wavecount is approximatley defined that to with a great degree of unsurety.Even elliot, himself, did not know where the wave count begins or where it ends.
DOW has made that 4 digit figure so far today!
So, Expect Nifty to go around 3450 level in MT with upside capped at 4100!
Let us see! :)
Gud luk & happy investing! :)
Tracked by: 0 Boarder
Bus with gamblers flips in California, 10 dead...
In reply to:
The End of Wall Street
Posted by : sambala
Lehman CEO Fuld says "I and many others were wrong," and that the Fed and SEC "were privy to everything as it was happening."
Tracked by: 0 Boarder
Lehman CEO Fuld says "I and many others were wrong," and that the Fed and SEC "were privy to everything as it was happening."
...
In reply to:
The End of Wall Street
Posted by : sambala
Stocks tumble on credit, recession worry
Tracked by: 0 Boarder
Stocks tumble on credit, recession worry...
In reply to:
The End of Wall Street
Posted by : sambala
World stocks get hit
Asian, European markets plunge amid shake-ups in Europe`s bank sector.
Tracked by: 108 Boarders
Dear Karthikn,
If PLAYers like me see Nifty going DOWN below 3700, then only alternative left is to hammer more towards 3600!
Anyway, this time HLN has gone RIGHT! So, he deserved those congratulatory messages! :)
But if you look at the message of today correctly, then you will realise that HLN expected some kind of recovery in mid afternoon! :) :)
I hope he improves with that Timing factors and related issues!
I did check his old messages. His predictions have gone WRONG many times!
For an instance:
--
Hi,
I have systematically analysed Elliot`s wave theory. I think Indian stock will crash in the month of February 2006 culminating in savage bear market lasting for years. SENSEX may dip eventually below 6000 in three stages. In the first Impule wave we may see the level of 6800 followed by a upward moving corrective wave and then again 3rd impulse wave bringing the index to the level of 6000. BEWARE OF EXTREME DANGER. Budget day on Tuesday 28th February 2006 is very crucial time. Contact me in case of further discussion:
SURESH MITTAL
--
Looking at current situation, Nifty toching 7000 will be a distance DREAM for now!
As I shared before that in elliot wave theory the wave count keeps changing. Its only in hindsight that some sort of wavecount is approximatley defined that to with a great degree of unsurety.Even elliot, himself, did not know where the wave count begins or where it ends.
DOW has made that 4 digit figure so far today!
So, Expect Nifty to go around 3450 level in MT with upside capped at 4100!
Let us see! :)
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : Karthikn
Am amazed to see congratulations pouring in for 3600 seen in nifty after alomost 1 year of prediction. Height of Sarcasm, for sure, from those who congratulated.
Can somebody please start a new Thread "Nifty 5200 Sensex 17000". I am all prepared to congratulate that thread..Of course.. after 2 years...haha..lol
Not a single soul expected 3600 to be broken today.. including the cretor of the thread and of course all those who shamelessly gave their congratulations as am sure none of them took overnight positions expecting 3600 on monday..Some where I feel its too insane all around.lolol
Regards
