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Market Outlook - Short Term
Tracked by: 0 Boarder
Just read another interesting article from the same BS advisor Lehman for its own SAD story to UNFOLD soon... Part 1
--
Last Call: Lehman hurt by worries over financials
Associated Press 09.04.08, 3:45 PM ET
NEW YORK -
Lehman Brothers Holdings Inc. was among the hardest hit stocks in the financial sector Thursday as investors who are worried about the fallout from bad mortgage debt focused on the company.
Wall Street has been worried about the nation\\`s fourth-largest investment bank because of its exposure to mortgage-backed securities.
Lehman shares fell .55, or 9.2 percent, to .39. The stock has traded between .02 and .73 in the past 12 months.
The day before, Lehman stock climbed on reports that the troubled investment bank might find a fresh source of capital, including a possible investment by state-owned Korea Development Bank and partners.
Investors have speculated in recent weeks that Lehman strike a deal to obtain a capital injection.
Wall Street suffered from widespread selling Thursday as worries about the economy and the well-being of corporate balance sheets roiled investors.
Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
...
In reply to:
India stock investors should buy :Lehman
Posted by :
BullSheetRules
An interesting news item:
---
India stock investors should buy on dips: Lehman
5 Sep, 2008, 1948 hrs IST, REUTERS
MUMBAI: Indian stock markets may fall by 10-15 percent in the short-term, but index levels between 12,500 and 13,000 can be viewed as buying opportunities in the coming year as inflation has peaked, Lehman Brothers said in a report.
The benchmark BSE index may trade between 14,000 and 19,685 in the next 12 months, Lehman said in the report dated Sept. 3 and released to the media on Friday.
Investors should consider buying shares in auto, media, consumer, telecom, real estate and pharma companies as well as banks, the research house said. Capital goods, non-ferrous metals and cement companies can be avoided, it added.
Double-digit inflation and subsequent monetary tightening by the central bank fuelled concerns of an economic slowdown and send the benchmark BSE index down 28.6 percent this year.
Inflation, which rose to 12.63 percent in August, was mostly driven by commodities and is likely to abate in the second half of current fiscal year on easing crude oil prices, Lehman said.
However, the central bank may continue with its tight monetary policy because of fiscal deficit concerns, Lehman said. With federal elections due early next year, the government is likely to boost spending, the research house added.
The government\\`s expenses will likely balloon on higher subsidies to fertiliser companies, oil bonds, farm loan waivers and wage increases for government employees, said Lehman.
Interest rates to consumers and companies may remain high in the next three-six months and 10-year yields will likely stay firm in coming months, the research house added.
Corporate earnings have been affected by higher interest rates, rising raw material costs and high yields, but margins are likely to stabilise in coming quarters in a deflationary commodity environment, Lehman added. 
Tracked by: 77 Boarders
Seems like India is all set to NOT get the waiver at NSG. This effectively means that this govt. has to not just go out with a red face, its the end of political career of Mr. Manmohan Singh.
Worse than that, it shows India its place in world matters. However proud we may be of our resurgent nation, the world still thinks we are shit.
Wonder how would the stock markets react on Monday. Are we staring at another black Monday on back of more sell off in Europe and US and NSG failure?...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : lovemeall26
Yes radkhikaji,
After seeing nifty do a topsy turn inspite of the charts showing something else for the past two days, I too feel like throwing TA into the dustbin. Sheer madness going on these days worldwide.
After such a strong rally on tuesday, all TA was showing a higher trajectory, but nope, nifty had other plans. Seems , we will have to overlook TA for a few days and see the market sentiments which are taking more centrestage these days.
lovemeall26
Tracked by: 0 Boarder
UPDATE 2-Lehman credit spreads widen amid KDB speculation
Fri Sep 5, 2008 9:55am EDT
(Updates with quote, stock moves)
NEW YORK, Sept 5 (Reuters) - The cost to insure debt of Lehman Brothers (LEH.N: Quote, Profile, Research, Stock Buzz) rose on Friday amid doubts about the likelihood of an acquisition of the investment bank by state-controlled Korea Development Bank [KDB.UL].
KDB has declined to give any details of negotiations and other Korean banks touted as being part of a consortium have denied interest. For details see [ID:nSP115462].
Japan's Mitsubishi UFJ Financial Group (8306.T: Quote, Profile, Research, Stock Buzz) also said this week it has no plans to invest in Lehman, denying a media report that it may bid for a stake in the subprime mortgage-hit U.S. investment bank. [ID:nT164730]
In addition, analysts said Lehman management may be considering plans other than a deal with KDB to shore up the faltering company, including spinning off its commercial mortgage securities into a new company. [ID:nBNG260574]
'Such a move would require the company to attract fresh capital, as the firm would inject one quarter of the equity directly and the remainder would come from debt provided by Lehman and other investors,' Barclays Capital said in a report on Friday.
Lehman's credit default swaps rose 20 basis points to 345 basis points, or $345,000 per year for five years to insure $10 million in debt, from 325 basis points on Thursday, according to Phoenix Partners Group.
Shares in Lehman edged down about 0.6 percent in early trading to $15.10. (Reporting by Walden Siew; Editing by Jonathan Oatis) ...
In reply to:
India stock investors should buy :Lehman
Posted by : BullSheetRules
Just read another interesting article from the same BS advisor Lehman for its own SAD story to UNFOLD soon... Part 2
--
Lehman Weighs Split to Shed Troubling Loans
Article Tools Sponsored By
By BEN WHITE and JENNY ANDERSON
Published: September 4, 2008
'Everybody got paid back and there was money left over for shareholders,” said Michael Bleier, a lawyer with Reed Smith in Pittsburgh, and former general counsel at Mellon Bank. 'Mellon got the assets off its balance sheet and that improved the quality of the portfolio over all and the quality of the good bank,” he said.
David Trone, an analyst with Fox-Pitt Kelton, endorsed the idea of Lehman spinning off its commercial real estate for shareholders.
In a research note on Thursday, Mr. Trone said the issue for Lehman management was not so much one of troubled assets, but rather the fact that uncertainty surrounding the portfolio was weighing down Lehman’s stock.
'Management is in a quandary — the commercial mortgage is performing too well to be dumped in a fire sale but, yet on the other hand, the equity market appears to want it gone,” he wrote.
Creating the separate company, the thinking goes, would strengthen the confidence of people who do business with Lehman every day — other banks, hedge funds and institutions like pension funds — thereby encouraging them to continue doing business with the firm. Shareholders, who would own shares of both the real e
Tracked by: 0 Boarder
Just read another interesting article from the same BS advisor Lehman for its own SAD story to UNFOLD soon... Part 2
--
Lehman Weighs Split to Shed Troubling Loans
Article Tools Sponsored By
By BEN WHITE and JENNY ANDERSON
Published: September 4, 2008
'Everybody got paid back and there was money left over for shareholders,” said Michael Bleier, a lawyer with Reed Smith in Pittsburgh, and former general counsel at Mellon Bank. 'Mellon got the assets off its balance sheet and that improved the quality of the portfolio over all and the quality of the good bank,” he said.
David Trone, an analyst with Fox-Pitt Kelton, endorsed the idea of Lehman spinning off its commercial real estate for shareholders.
In a research note on Thursday, Mr. Trone said the issue for Lehman management was not so much one of troubled assets, but rather the fact that uncertainty surrounding the portfolio was weighing down Lehman’s stock.
'Management is in a quandary — the commercial mortgage is performing too well to be dumped in a fire sale but, yet on the other hand, the equity market appears to want it gone,” he wrote.
Creating the separate company, the thinking goes, would strengthen the confidence of people who do business with Lehman every day — other banks, hedge funds and institutions like pension funds — thereby encouraging them to continue doing business with the firm. Shareholders, who would own shares of both the real e...
In reply to:
India stock investors should buy :Lehman
Posted by : BullSheetRules
Just read another interesting article from the same BS advisor Lehman for its own SAD story to UNFOLD soon... Part 1
--
Lehman Weighs Split to Shed Troubling Loans
Article Tools Sponsored By
By BEN WHITE and JENNY ANDERSON
Published: September 4, 2008
Lehman Brothers, the ailing Wall Street bank, is working toward a radical solution in its fight for survival: Splitting itself into a 'good” bank and a 'bad” one.
Lehman, which has been searching for a financial lifeline from outside investors, is contemplating placing about $30 billion of troublesome commercial mortgages and real estate that it owns into a new publicly traded company — the 'bad” bank. The rest of Lehman — the 'good” one — would then be able to carry on with the help of a cash infusion from one or more investors.
The move is one of several under consideration as Lehman prepares to report what could be grim third-quarter results this month. But the good bank/bad bank idea is hardly new. Several troubled financial institutions took similar steps in the late 1980s and early 1990s.
If Lehman goes through with the plan, the firm itself would probably inject $6 billion to $8 billion in equity into the new company, people briefed on the matter said Thursday. Lehman would also provide debt financing for the company and could raise additional money from outside investors, who would benefit from any recovery in the market for commercial and residential real estate assets. A spokeswoman for Lehman declined to comment.
The fate of Lehman is one of the biggest questions hanging over Wall Street, where concern about the health of the financial industry and the broader economy sent the Dow Jones industrial average into a 345-point tailspin on Thursday.
Lehman, among the largest underwriters of mortgage-backed securities, has been brought to its knees by the running credit crisis. The firm’s hard-charging leader, Richard S. Fuld Jr., has been trying to sell some of the bank’s troubled commercial mortgage holdings, but has failed to find enough buyers.
Lehman’s next results are likely to underscore its precarious position. Analysts expect the firm to write-down as much as $5 billion of commercial real estate holdings and to post a loss of $2.49 a share.
Splitting off troubled assets would help Lehman attract new investors, many of whom have been reluctant to put money into the troubled financial industry.
Lehman has been negotiating to sell part of itself to the government-owned Korea Development Bank or other investors in Asia. While no deal has been reached, many analysts think one will materialize soon. Lehman is also considering selling its prized investment management arm, which includes Neuberger Berman, for about $7 billion, possibly to a private equity group like Apollo or Kohlberg Kravis Roberts.
If Lehman were to create a good/bad bank structure it would probably need to raise fresh capital to replace the money it would inject into the bad bank.
In June, Lehman tapped a group of American institutional investors for $6 billion when it announced second-quarter results. But its shares have dropped 44 percent since then, making another similar capital-raising unlikely. Shares of Lehman fell $1.77, or 10.5 percent, to close at $15.17 on Thursday.
In 1988, Mellon Bank, weighed down by bad real estate loans, created Grant Street National Bank to offload troubled loans. Mellon sold 191 loans, once worth about $1.4 billion, for $640 million to the new entity and took a one-time, pretax charge of about $200 million.
Every Mellon shareholder was given one share in the new entity. To finance the entity, Mellon put in about $125 million and Grant Street tapped the markets for an additional $513 million in junk bonds. The notes were paid off before they matured and the entity was shut down in 1995.
Tracked by: 0 Boarder
Just read another interesting article from the same BS advisor Lehman for its own SAD story to UNFOLD soon... Part 1
--
Lehman Weighs Split to Shed Troubling Loans
Article Tools Sponsored By
By BEN WHITE and JENNY ANDERSON
Published: September 4, 2008
Lehman Brothers, the ailing Wall Street bank, is working toward a radical solution in its fight for survival: Splitting itself into a 'good” bank and a 'bad” one.
Lehman, which has been searching for a financial lifeline from outside investors, is contemplating placing about $30 billion of troublesome commercial mortgages and real estate that it owns into a new publicly traded company — the 'bad” bank. The rest of Lehman — the 'good” one — would then be able to carry on with the help of a cash infusion from one or more investors.
The move is one of several under consideration as Lehman prepares to report what could be grim third-quarter results this month. But the good bank/bad bank idea is hardly new. Several troubled financial institutions took similar steps in the late 1980s and early 1990s.
If Lehman goes through with the plan, the firm itself would probably inject $6 billion to $8 billion in equity into the new company, people briefed on the matter said Thursday. Lehman would also provide debt financing for the company and could raise additional money from outside investors, who would benefit from any recovery in the market for commercial and residential real estate assets. A spokeswoman for Lehman declined to comment.
The fate of Lehman is one of the biggest questions hanging over Wall Street, where concern about the health of the financial industry and the broader economy sent the Dow Jones industrial average into a 345-point tailspin on Thursday.
Lehman, among the largest underwriters of mortgage-backed securities, has been brought to its knees by the running credit crisis. The firm’s hard-charging leader, Richard S. Fuld Jr., has been trying to sell some of the bank’s troubled commercial mortgage holdings, but has failed to find enough buyers.
Lehman’s next results are likely to underscore its precarious position. Analysts expect the firm to write-down as much as $5 billion of commercial real estate holdings and to post a loss of $2.49 a share.
Splitting off troubled assets would help Lehman attract new investors, many of whom have been reluctant to put money into the troubled financial industry.
Lehman has been negotiating to sell part of itself to the government-owned Korea Development Bank or other investors in Asia. While no deal has been reached, many analysts think one will materialize soon. Lehman is also considering selling its prized investment management arm, which includes Neuberger Berman, for about $7 billion, possibly to a private equity group like Apollo or Kohlberg Kravis Roberts.
If Lehman were to create a good/bad bank structure it would probably need to raise fresh capital to replace the money it would inject into the bad bank.
In June, Lehman tapped a group of American institutional investors for $6 billion when it announced second-quarter results. But its shares have dropped 44 percent since then, making another similar capital-raising unlikely. Shares of Lehman fell $1.77, or 10.5 percent, to close at $15.17 on Thursday.
In 1988, Mellon Bank, weighed down by bad real estate loans, created Grant Street National Bank to offload troubled loans. Mellon sold 191 loans, once worth about $1.4 billion, for $640 million to the new entity and took a one-time, pretax charge of about $200 million.
Every Mellon shareholder was given one share in the new entity. To finance the entity, Mellon put in about $125 million and Grant Street tapped the markets for an additional $513 million in junk bonds. The notes were paid off before they matured and the entity was shut down in 1995.
...
In reply to:
India stock investors should buy :Lehman
Posted by : BullSheetRules
An interesting news item:
---
India stock investors should buy on dips: Lehman
5 Sep, 2008, 1948 hrs IST, REUTERS
MUMBAI: Indian stock markets may fall by 10-15 percent in the short-term, but index levels between 12,500 and 13,000 can be viewed as buying opportunities in the coming year as inflation has peaked, Lehman Brothers said in a report.
The benchmark BSE index may trade between 14,000 and 19,685 in the next 12 months, Lehman said in the report dated Sept. 3 and released to the media on Friday.
Investors should consider buying shares in auto, media, consumer, telecom, real estate and pharma companies as well as banks, the research house said. Capital goods, non-ferrous metals and cement companies can be avoided, it added.
Double-digit inflation and subsequent monetary tightening by the central bank fuelled concerns of an economic slowdown and send the benchmark BSE index down 28.6 percent this year.
Inflation, which rose to 12.63 percent in August, was mostly driven by commodities and is likely to abate in the second half of current fiscal year on easing crude oil prices, Lehman said.
However, the central bank may continue with its tight monetary policy because of fiscal deficit concerns, Lehman said. With federal elections due early next year, the government is likely to boost spending, the research house added.
The government\\`s expenses will likely balloon on higher subsidies to fertiliser companies, oil bonds, farm loan waivers and wage increases for government employees, said Lehman.
Interest rates to consumers and companies may remain high in the next three-six months and 10-year yields will likely stay firm in coming months, the research house added.
Corporate earnings have been affected by higher interest rates, rising raw material costs and high yields, but margins are likely to stabilise in coming quarters in a deflationary commodity environment, Lehman added.
Tracked by: 0 Boarder
An interesting news item:
---
India stock investors should buy on dips: Lehman
5 Sep, 2008, 1948 hrs IST, REUTERS
MUMBAI: Indian stock markets may fall by 10-15 percent in the short-term, but index levels between 12,500 and 13,000 can be viewed as buying opportunities in the coming year as inflation has peaked, Lehman Brothers said in a report.
The benchmark BSE index may trade between 14,000 and 19,685 in the next 12 months, Lehman said in the report dated Sept. 3 and released to the media on Friday.
Investors should consider buying shares in auto, media, consumer, telecom, real estate and pharma companies as well as banks, the research house said. Capital goods, non-ferrous metals and cement companies can be avoided, it added.
Double-digit inflation and subsequent monetary tightening by the central bank fuelled concerns of an economic slowdown and send the benchmark BSE index down 28.6 percent this year.
Inflation, which rose to 12.63 percent in August, was mostly driven by commodities and is likely to abate in the second half of current fiscal year on easing crude oil prices, Lehman said.
However, the central bank may continue with its tight monetary policy because of fiscal deficit concerns, Lehman said. With federal elections due early next year, the government is likely to boost spending, the research house added.
The government\\`s expenses will likely balloon on higher subsidies to fertiliser companies, oil bonds, farm loan waivers and wage increases for government employees, said Lehman.
Interest rates to consumers and companies may remain high in the next three-six months and 10-year yields will likely stay firm in coming months, the research house added.
Corporate earnings have been affected by higher interest rates, rising raw material costs and high yields, but margins are likely to stabilise in coming quarters in a deflationary commodity environment, Lehman added. ...
Tracked by: 77 Boarders
0518
Yeah I know you would jump at the word and say 'look googol what do you say for this typo?'
M'am in all humility all I can say is that the typo was by design!...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : nightowl
0502
whats a BOD??I NOT KNOW...
Tracked by: 77 Boarders
WHAT 500 POINTS???? i8 not understand..........
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vam_aru
Dear nightowl,
Even today I got the double promotion to Platinum group , I think if one achievs 500 points or more will directly elevated to Platinum group !! what do you say?
Regards
Aru
Tracked by: 77 Boarders
0502
whats a BOD??I NOT KNOW......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : googol
0502
Elementary my dear Watson,you are going to be the BOD soon!
Have a fantastic Friday
Tracked by: 77 Boarders
Dear Guest,
In last one week, smart money did move out of DOW within a short time even though Oil fell like anything. Even thos BS stories about oil did not help. :) Stock market is a simple GAME of MONEY! More money moves IN, higher the price. More moves OUT, lower the price!
Since DOW is still above 11080, I expect the market to turn UP soon. We just need to wait and watch the GAME again to take that BUY and SELL decision. IN case, DOW goes below 11080, we will revisit the GAME! :)
As I shared before, BUY high and SELL high approach works fine with me! :)
Also, being RIGHT and making MONEY is DIFFERENT. Just by being 10% RIGHT, smart investors or traders can make MONEY :)
Btw, interesting data for today! Only FIIs were inclinced to bring the market down!! :)
FII 05-Sep-2008 1620.66 3477.66 -1857
DII 05-Sep-2008 1271.8 787.03 484.77
Interesting week ahead!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : Guest
Markets will keep the hope of the so called smart money alive till finaly their smart money money is also sucked in. The best way to trade in Indian market is to buy nifty on any gap down opening as the probability of erning profit is very high as mutual funds and other Indian operators have self intrest in keeping the markets afloat so that they can suck in more money.
Tracked by: 77 Boarders
Yes radkhikaji,
After seeing nifty do a topsy turn inspite of the charts showing something else for the past two days, I too feel like throwing TA into the dustbin. Sheer madness going on these days worldwide.
After such a strong rally on tuesday, all TA was showing a higher trajectory, but nope, nifty had other plans. Seems , we will have to overlook TA for a few days and see the market sentiments which are taking more centrestage these days.
lovemeall26...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : radhika_nandlal
yes such a fall was not indicated techincally speaking at least... they might recover all the lost ground today as ystday was not technically right.... nor economic reports that came in should have caused the fall... today they might regain lost ground if efficient market theory holds water. LOL.. Lets see.. after the shock ystdsay we feel like throwing TA to the bin.
Tracked by: 77 Boarders
0515
Dear novice 1000,
Those messages are written purely in lighter vein and I am glad you have got it.
My interaction with many in the internet taught me one thing which I shall never forget.It is only the eyes that are creating all the bias and discrimination and when they can not function (like the way we interact now)mind takes the lead role and is able to judge very well.Without seeing each other we are able to form like minded groups,catch our frequencies and vibe well.Perhaps all these might not have been possible if we had met each other first.
Thank you for all your kindness and specially for the good wishes.
I would never ask for the reasons when good wishes flow from my friends but humbly accept them.Nor I probe further as I am very bod in guessing ...LOL
Regards...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear googol,
Good humour.But no one will ever doubt you for some one else.Nor does your persona conflict with your innerself.
It is natural that different people perceive different things in different ways.But that has nothing do with doubting a good human being like you.
At times your humour comes like a pleasant drizzle on a sunny day.
regards
PS: Wishes in advance and now dont ask me \\` why those wishes? \\`
Tracked by: 77 Boarders
i hope you can see your level of 3600 at nifty before world comes to an end or it will come at end at nifty at 9999....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear Gurupada,
Many thanks for your interesting message.
In fact I am fully convinced about the dooms
day prophecy. But I am not able to pin-point
the time. I have studied very interesting
book titled PRICE REVOLUTION. The Author
DAVID FISCHER has charted the history of
last 1000 years describing how each Price
Revolution ended in major catastrophe. In
the last 1000 years, there were 3 major
price revolutions. Last one ended with
French Revolution. The present revolution
started around 1896 according to the author.
It is now reaching its climax and may end
with huge demographic contraction as each
one had before. In my own calculation, the
present grand super cycle should reach its
peak around the year 2016/2017. Stock markets
around the world will collapse losing more than
80% of their values from the peak. According
to Robert Beckman, the crash of 1929 will look
like a picnic. With this melt-down, whole world
may plunge in deep chaos.
I am a keen watcher of History channel. In its
popular programme, HISTORY's MYSTERIES, World
should end on 21 December 2012. It was fully
elaborated in calendar left by lost Maya Civilisation.
Many scientist have made extensive research on this
topic. All concluded that Doom's day may come on
21 December 2012 when Sun will coincide with Galactic
centre. It happens once in 26000 years. This programme
may be repeated again at 7 PM in near future.
I can smell something fishy. In America top 1% people
take away 22% of the whole income. This happened in
1928 just one year before great crash.
I will keep on posting such material of interest. All
the best to you and everybody else. May god protect
the earth.
SURESH MITTAL
Tracked by: 77 Boarders
dear HLN,
Great post.I dont hesitate to say this is something different from your other posts.
What you mentioned about the top 1% of people taking away 22% of the whole income in US is the main cause of subprime.
And it is slowly happening in India too..
Reforms are considered to bring some solace to the under-privileged.But in reality they are helping out only top 5% of the society posing a great threat to societal stability and unless this problem is addressed at the earliest, it wont take more than a decade to make India in to another Brazil (where the rich enjoy the best of the facilities on par with their North American counterparts and the poor struggle for even the basic amenities resulting in a ridiculously higher crime rate forcing the rich to find refugee in gated communities).
Infact the increased crime rates in places like Bangalore and Hyderabad( which were the guinea pigs for the so called reforms) are already showing the first signs.
70% of the people who fall below the middle income group category are finding the life extremely difficult compared to the olden days.While these people do have access to some technologies like mobile communication and multi channel audio and visual entertainment, basic amenities like drinking water,clean air, basic transportation and better sanitation facilities are becoming scarce.
And the shrinking purchasing power is portraying a different picture than what the so called media projected experts have been stereotypically saying about the real development.
Regarding markets- I have to agree with you regarding the market crash in year 2016.
We may see next bull run starting in the year 2011 and Sensex reaching the approximate levels of 40000( 40k) in the year 2014.And a moderate correction which might lead to approximate levels of 30000(30k).
And after a brief pause, Sensex can reach the peak by the year end of 2015 and most probably it would be in the year 2016, there will be a major crash in Indian stock markets and in other markets in the world followed by a contraction in the global ecomony.
And that crash would be a death blow to the global economy and gold prices will reach the peak in that time.
regards
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear Gurupada,
Many thanks for your interesting message.
In fact I am fully convinced about the dooms
day prophecy. But I am not able to pin-point
the time. I have studied very interesting
book titled PRICE REVOLUTION. The Author
DAVID FISCHER has charted the history of
last 1000 years describing how each Price
Revolution ended in major catastrophe. In
the last 1000 years, there were 3 major
price revolutions. Last one ended with
French Revolution. The present revolution
started around 1896 according to the author.
It is now reaching its climax and may end
with huge demographic contraction as each
one had before. In my own calculation, the
present grand super cycle should reach its
peak around the year 2016/2017. Stock markets
around the world will collapse losing more than
80% of their values from the peak. According
to Robert Beckman, the crash of 1929 will look
like a picnic. With this melt-down, whole world
may plunge in deep chaos.
I am a keen watcher of History channel. In its
popular programme, HISTORY's MYSTERIES, World
should end on 21 December 2012. It was fully
elaborated in calendar left by lost Maya Civilisation.
Many scientist have made extensive research on this
topic. All concluded that Doom's day may come on
21 December 2012 when Sun will coincide with Galactic
centre. It happens once in 26000 years. This programme
may be repeated again at 7 PM in near future.
I can smell something fishy. In America top 1% people
take away 22% of the whole income. This happened in
1928 just one year before great crash.
I will keep on posting such material of interest. All
the best to you and everybody else. May god protect
the earth.
SURESH MITTAL
Tracked by: 77 Boarders
Dear HLN,
I think that you are stretching things a bit now.
If the world is going to end on Dec 12 then we will not live to see the monumental crash in 16/17.
There are thousands of doomsday theories, many shown on respected channels such as Discovery & History channels. But these are put up to attract the millions of 'believers' of such theories. They have prophesised such theories many time in the past. Inspite of several false predictions they never fail to come up with new ones.
You have made a great place for yourself on this board, pls do not tarnish your well deserved place amongst the boarders by propounding such trash as credible scenarios....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear Gurupada,
Many thanks for your interesting message.
In fact I am fully convinced about the dooms
day prophecy. But I am not able to pin-point
the time. I have studied very interesting
book titled PRICE REVOLUTION. The Author
DAVID FISCHER has charted the history of
last 1000 years describing how each Price
Revolution ended in major catastrophe. In
the last 1000 years, there were 3 major
price revolutions. Last one ended with
French Revolution. The present revolution
started around 1896 according to the author.
It is now reaching its climax and may end
with huge demographic contraction as each
one had before. In my own calculation, the
present grand super cycle should reach its
peak around the year 2016/2017. Stock markets
around the world will collapse losing more than
80% of their values from the peak. According
to Robert Beckman, the crash of 1929 will look
like a picnic. With this melt-down, whole world
may plunge in deep chaos.
I am a keen watcher of History channel. In its
popular programme, HISTORY's MYSTERIES, World
should end on 21 December 2012. It was fully
elaborated in calendar left by lost Maya Civilisation.
Many scientist have made extensive research on this
topic. All concluded that Doom's day may come on
21 December 2012 when Sun will coincide with Galactic
centre. It happens once in 26000 years. This programme
may be repeated again at 7 PM in near future.
I can smell something fishy. In America top 1% people
take away 22% of the whole income. This happened in
1928 just one year before great crash.
I will keep on posting such material of interest. All
the best to you and everybody else. May god protect
the earth.
SURESH MITTAL
