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Moneycontrol >> Messageboard >> Market View >> Market Outlook - Short Term
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Market Outlook - Short Term

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11 Oct 2008 09:01

Sp Palo,

When much of the Vedic ritual became fossilized after its priests forgot its inner significance, iconoclasts who insisted on the primacy of personal experience over the *dead dogma* rebelled against the system and established virile bu often misunderstood new rituals.

Just as vedic gods are mentioned in the earlier works of ayurveda, tantric personfications are mentioned in the later ayurvedic literature, to remind the average student not to ignore nonphysical reality even when attending to the mundane.

Because ayurveda is mostly exoteric(mainly concerned with the physical plane, its esoteric aspects are only hinted at in the Ayurvedic Literature finding full expression in the tantras)


By robert svoboda in LIFE HEALTH AND LONGEVITY

Read about TANTRAS on BOOKS AND MAGAZINES BOARD.. i will quote him verbatim for its impossible to convey thoughts and logic as well as he does....

In reply to:

Worse slowdown yet to hit markets

Posted by : sp.palo

Dear Radhika,
May be being truly spiritual is ceasing the mortal sensory actions and merging with the Divine consciousness. May be it is the highest level of meditation with all the six chakras aligned to witness the Divine Play going on unceasingly at the sixth sahastra chakra. If possible, please let me know about TANTRA.
Listen, does Reiki work ? Rightly said, this is to be discussed in a different forum, may be in debates or ideas-from-you forums.

regards
shakti

11 Oct 2008 08:50

Dear Radhika,
May be being truly spiritual is ceasing the mortal sensory actions and merging with the Divine consciousness. May be it is the highest level of meditation with all the six chakras aligned to witness the Divine Play going on unceasingly at the sixth sahastra chakra. If possible, please let me know about TANTRA.
Listen, does Reiki work ? Rightly said, this is to be discussed in a different forum, may be in debates or ideas-from-you forums.

regards
shakti...

In reply to:

Worse slowdown yet to hit markets

Posted by : radhika_nandlal

The one who is truly spiritual actually knows TANTRA well... will write why later... this is not the board. I will get hate posts shortly here if i continue.

see you.

11 Oct 2008 08:42

Prepare for a huge gap up on Monday....

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : sp.palo

Dear HLN,
Good Morning and Bad Mourning. I think DOW has almost found its bottom. It may consolidate in few sessions.

regards
shakti

11 Oct 2008 08:39

The one who is truly spiritual actually knows TANTRA well... will write why later... this is not the board. I will get hate posts shortly here if i continue.

see you....

In reply to:

Worse slowdown yet to hit markets

Posted by : sp.palo

Hmm....I seems you are a complete woman. Keep the VATA away. Hve some triphala everyday.

DO you know who is spiritual ? Those who drink and deal with spirits. In this sense, Vijay Mallaya is the most spiritual man in India.
Ho..Ho..Ho..Ho..

Enjoy the weekend. Design a rangoli having a BULL impression.
regards
shakti

11 Oct 2008 08:38

There are still bright-looking spots in tech. On Wednesday, International Business Machines Corp. preannounced better-than-expected quarterly earnings and said it "remained confident" in its full-year outlook. And last month, Oracle Corp. posted a 28% jump in quarterly profit, and the software vendor said it didn`t expect to be hurt by the meltdown among financial-service companies.

When tech earnings season kicks off next week with Intel Corp. `s report, many tech companies` quarterly results are also expected to look strong. But many analysts are bracing for bearish predictions for the current quarter and next year. "There`s compelling evidence that expectations -- particularly those for 2009 -- remain too high, and therefore negative revisions are likely to persist," says Richard Keiser, a tech strategist for Sanford C. Bernstein & Co.

Venture capitalists who have been trying to raise money in recent weeks say their investors - including pension funds, endowments and wealthy individuals - are retreating from new investments because of the credit crunch.

More troubling, there is growing worry among venture capitalists that some of these investors may renege on commitments they`ve already made.

John Steuart, a venture capitalist at Claremont Creek Ventures in Oakland, Calif. experienced some of the volatility firsthand when his firm recently sought to raise $175 million. Mr. Steuart says two investors asked to cut back on the amount of capital they had committed by at least 20% because of the credit freeze. While Claremont Creek had enough money raised from other investors, Mr. Steuart says, "the window for fund raising has closed."

In response to the tightening environment, start-ups are battening down the hatches. Music Web site Lala. com, which is backed by Bain Capital and Ignition Partners, just decided to defer a lease on a new office space, cut back on marketing costs, renegotiate equipment leases and slow hiring significantly.

"Up until recently we were still competing with Apple and Google for talent," says Bill Nguyen, a founder of the Palo Alto, Calif., company, which currently has 35 employees. "But now we just look at it and say we just can`t do it." Instead, he wants to bank more money as reserves, in case the downturn becomes more protracted, he says.

Meanwhile, the people at businesses who buy computers and software have also turned gun shy as the economy has slowed and liquidity has dried up, putting their tech purchases on hold and cutting their IT spending. The information-technology department at Brunswick Corp., a maker of recreational equipment such as motor boats and bowling balls, was recently told to cut its budget for 2009 by 35%, up from the 20% cut it was told to expect in June.

As a result, the department won`t be starting new tech projects anytime soon, says Cathy McClain, a division chief information officer at the Lake Forest, Ill., company. Among other things, that means Brunswick will freeze its plan to buy human-resources management software from Oracle.

Next year "we`ll just be keeping the lights on," Ms. McClain says. "It`s brutal."


Now the credit crunch is entering the picture as its own force, hitting the tech-financing industry. This corner of the tech world allows businesses to buy technology that they can`t afford to pay for all at once. Financing technology purchases is on pace to be a $100 billion a year industry by 2010, according to research company IDC.

But terms are tightening in the wake of the credit crisis. While tech purchases could previously be financed with no money down and repaid over as many as seven years in some cases, a tech company or bank is now more likely to extend a two-year loan, with a big payment due within 90 days, says Eliot Colon, president of Miro Consulting Inc., a software reseller and consulting company.

Don Clark, Yukari Iwatani Kane and Bobby White contributed to this article.




...

In reply to:

Worse slowdown yet to hit markets

Posted by : sambala

Silicon Valley Finds It Isn`t Immune From Credit Crisis

The technology industry, which had seemed immune to the financial crisis, is now getting squeezed on two sides: Established companies are struggling with slackening demand while venture capitalists are telling start-ups to cut costs and plan for a prolonged downturn.

Sequoia Capital, which has invested in Silicon Valley stars such as Google Inc. and YouTube, gathered the chief executives of its portfolio companies this week and told them to focus on becoming profitable and take a hard look at expenses they could cut, according to people who attended the event.

Sequoia`s partners, who began the special meeting with a slide that read "RIP: Good Times," pored over dire economic data and warned that the current downturn will be long and painful, according to people present. Sequoia declined to comment.

Until a few weeks ago, the tech sector looked relatively insulated from a downturn, as tech companies rode still-strong international sales and benefited from a weak dollar. Tech companies also typically have little debt on their balance sheets, limiting their exposure to the frozen credit markets -- and leading to a certain complacence in Silicon Valley this summer as the credit crunch burned other industries.

But the turmoil of the past few weeks has changed that momentum. Venture capitalists are running into trouble raising new funds and tech vendors are getting squeezed as businesses cut budgets, banks pull credit lines and consumers close their wallets.

Benchmark Capital, a prominent Silicon Valley firm, recently sent a letter to its portfolio companies telling them that "financings as we know it just got a whole lot tougher."

In the letter, Benchmark urged entrepreneurs to "be calm, but pragmatic" and added that "the rules of the game have changed."

The letter suggested that entrepreneurs should raise new cash sooner than later and added that they could potentially draw down bank lines now before the financing spigots shut. Benchmark didn`t immediately have a comment.

"It`s like the perfect storm," says Andy Morning, chief financial officer of Mattson Technology Inc., a Fremont, Calif., maker of chip-manufacturing equipment.

Last month, Mattson announced it was cutting its staff by 14% because of the poor business environment.

Similar layoff notices are piling up across Silicon Valley. This week, eBay Inc. said that it would cut 10% of its work force, or about 1,000 full-time jobs. Last month, Hewlett-Packard Co. said it would cut 24,600 employees, or 7.5% of its work force, after a big acquisition, while chip maker Nvidia Corp. said it would lay off 6.5% of its workers.

This week, Microsoft Corp. said it was reviewing its hiring plans for the current fiscal year, which began in July. In late September, Chief Executive Steve Ballmer cautioned that no company, even the software giant, is immune to the turmoil.

Companies like InterDyn AKA show how quick the shift has been. InterDyn, which buys software from Microsoft and resells it to businesses, says it will cut back on purchases from Microsoft because customers are beginning to put projects on hold. Making matters worse, InterDyn`s bank recently asked the company to pay back a $1 million credit line. "I`ve never seen a climate like this in my life," says Alan Kahn, co-CEO of the New York company. "We just got completely blindsided."

All of this comes as some tech companies have been struggling to rev up growth and search for hot new products and services. While companies such as networking giant Cisco Systems Inc. produced quarterly revenue growth rates above 30% earlier this decade, that has slowed to 10% to 17% now as the company has matured. Even highfliers such as Google are seeing revenue growth tapering off, decelerating to 39% in its second quarter from 58% a year ago.

CONT.....





11 Oct 2008 08:38

Like whenever my mom arrived to watch the kids, she used to apply lots of johnson baby powder to their chubby cheeks and then give it a kiss.. without johnson baby powder no baby and without Rangoli no meaning for a house it can as well be a NASA GODOWN. lol...

In reply to:

Worse slowdown yet to hit markets

Posted by : sp.palo

Hmm....I seems you are a complete woman. Keep the VATA away. Hve some triphala everyday.

DO you know who is spiritual ? Those who drink and deal with spirits. In this sense, Vijay Mallaya is the most spiritual man in India.
Ho..Ho..Ho..Ho..

Enjoy the weekend. Design a rangoli having a BULL impression.
regards
shakti

11 Oct 2008 08:36

sp. palo,

Triphala literally means three fruits which are three unique herbs

Amalaki
Haritaki
Bibhitaki

It balances all three doshas but is best for controlling pitta. More about the three fruits later.

GREAT POST....

In reply to:

Worse slowdown yet to hit markets

Posted by : sp.palo

Hmm....I seems you are a complete woman. Keep the VATA away. Hve some triphala everyday.

DO you know who is spiritual ? Those who drink and deal with spirits. In this sense, Vijay Mallaya is the most spiritual man in India.
Ho..Ho..Ho..Ho..

Enjoy the weekend. Design a rangoli having a BULL impression.
regards
shakti

11 Oct 2008 08:35

Equity market is short term. Because where it was 10 years earlier they come back to pavilion. They have completed jouney reach to pavilion. I also become fool of thinking of that. Forget about sensex campare with small & midcaps. Inside sensex only large caps some of them once upon a time midcaps. So we can not compare with sensex. Our sensex is senseless. No meaning talking about sensex....

In reply to:

Has your confidence in equities been shattered?

Posted by : ank1977

Yes of course for those who believe investment in equity for short time. Their confidence has been shattered very much, no doubt that. But still, equity is the best instrument for long term investors, who has waiting period for 5-10-15 years. If u invest any amount starting from Rs. 100 to greater than that for 15 years, u will never make a loss (survey of BSE sensex from 1979 to 2008). If v put money in bank as F.D., v never check before due date. But in equity v frequently check the price of stock in which v invest. Market has proved

11 Oct 2008 08:33

Silicon Valley Finds It Isn`t Immune From Credit Crisis

The technology industry, which had seemed immune to the financial crisis, is now getting squeezed on two sides: Established companies are struggling with slackening demand while venture capitalists are telling start-ups to cut costs and plan for a prolonged downturn.

Sequoia Capital, which has invested in Silicon Valley stars such as Google Inc. and YouTube, gathered the chief executives of its portfolio companies this week and told them to focus on becoming profitable and take a hard look at expenses they could cut, according to people who attended the event.

Sequoia`s partners, who began the special meeting with a slide that read "RIP: Good Times," pored over dire economic data and warned that the current downturn will be long and painful, according to people present. Sequoia declined to comment.

Until a few weeks ago, the tech sector looked relatively insulated from a downturn, as tech companies rode still-strong international sales and benefited from a weak dollar. Tech companies also typically have little debt on their balance sheets, limiting their exposure to the frozen credit markets -- and leading to a certain complacence in Silicon Valley this summer as the credit crunch burned other industries.

But the turmoil of the past few weeks has changed that momentum. Venture capitalists are running into trouble raising new funds and tech vendors are getting squeezed as businesses cut budgets, banks pull credit lines and consumers close their wallets.

Benchmark Capital, a prominent Silicon Valley firm, recently sent a letter to its portfolio companies telling them that "financings as we know it just got a whole lot tougher."

In the letter, Benchmark urged entrepreneurs to "be calm, but pragmatic" and added that "the rules of the game have changed."

The letter suggested that entrepreneurs should raise new cash sooner than later and added that they could potentially draw down bank lines now before the financing spigots shut. Benchmark didn`t immediately have a comment.

"It`s like the perfect storm," says Andy Morning, chief financial officer of Mattson Technology Inc., a Fremont, Calif., maker of chip-manufacturing equipment.

Last month, Mattson announced it was cutting its staff by 14% because of the poor business environment.

Similar layoff notices are piling up across Silicon Valley. This week, eBay Inc. said that it would cut 10% of its work force, or about 1,000 full-time jobs. Last month, Hewlett-Packard Co. said it would cut 24,600 employees, or 7.5% of its work force, after a big acquisition, while chip maker Nvidia Corp. said it would lay off 6.5% of its workers.

This week, Microsoft Corp. said it was reviewing its hiring plans for the current fiscal year, which began in July. In late September, Chief Executive Steve Ballmer cautioned that no company, even the software giant, is immune to the turmoil.

Companies like InterDyn AKA show how quick the shift has been. InterDyn, which buys software from Microsoft and resells it to businesses, says it will cut back on purchases from Microsoft because customers are beginning to put projects on hold. Making matters worse, InterDyn`s bank recently asked the company to pay back a $1 million credit line. "I`ve never seen a climate like this in my life," says Alan Kahn, co-CEO of the New York company. "We just got completely blindsided."

All of this comes as some tech companies have been struggling to rev up growth and search for hot new products and services. While companies such as networking giant Cisco Systems Inc. produced quarterly revenue growth rates above 30% earlier this decade, that has slowed to 10% to 17% now as the company has matured. Even highfliers such as Google are seeing revenue growth tapering off, decelerating to 39% in its second quarter from 58% a year ago.

CONT.....





...

In reply to:

Worse slowdown yet to hit markets

Posted by : radhika_nandlal

Excellent post ramesh aha!!

11 Oct 2008 08:31

Hmm....I seems you are a complete woman. Keep the VATA away. Hve some triphala everyday.

DO you know who is spiritual ? Those who drink and deal with spirits. In this sense, Vijay Mallaya is the most spiritual man in India.
Ho..Ho..Ho..Ho..

Enjoy the weekend. Design a rangoli having a BULL impression.
regards
shakti...

In reply to:

Worse slowdown yet to hit markets

Posted by : radhika_nandlal

sp palo,

From rangoli to CNBC i pack so much in a day. So i dont know where my passion starts and where it ends. Shall i read Robert Svoboda, shall i watch CNBC, shall i decorate my doorstep with rangoli. LOL

I watch CNBC most often and its always in mute when i am not around as energy should not be wasted, i mute it, sound is an energy. Too much energy wasted leads to VATA in the environment around the house. An imbalance in vata in the environment in the house might attarct spirits. HAAAAAAAAAAAAAA

11 Oct 2008 08:26

btw Dear Radhika,
who is Lalit ? It seems he has bitterness towards this board and a few boarders. Whatever may be the reason, indirectly he made the old boarders more united.

regards
shakti...

In reply to:

Worse slowdown yet to hit markets

Posted by : radhika_nandlal

And good morning to you too... i hope my laughter does not wake up lalitdesh pandey. After all the masti he does everyday on the board he has to rest sufficiently.

11 Oct 2008 08:24

dear coolboy,
asking for my views ? Hmm.. Well I am positive on Indian markets as compared to other markets except IT and realty sectors.
How can you be long where another 5% downfall still left ? Be cautious. DOW is struggling to bottom out. Nifty may consolidate after few weeks.

regards. Enjoy the weekend.
shakti...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : coolboy007

Our dear HLN is expecting Nifty to hit 2970 on monday itself , thats a 300 point cut on nifty. WOW!!! Even DOW is not that bad today , lets see , Dow bou nced very sharply from 7883 so maybe a small bottom has come there. HLN says bottom could be near 2800 nifty.

Sir what are your views on nifty , I am long for the whole month and i took some Ce hedged with 1 pe.

Thanks

Rajat

11 Oct 2008 08:22

And good morning to you too... i hope my laughter does not wake up lalitdesh pandey. After all the masti he does everyday on the board he has to rest sufficiently....

In reply to:

Worse slowdown yet to hit markets

Posted by : sp.palo

Dear Radhika,
Good Morning.
A person long suffering in the ICU in comma state suddenly gets up and smiles. Do you know what it means. It means he is going to die within few seconds.
Similar case with the IT sector. It emerged from no where. It has really ruined the entire system.Thousands of IT professionals have taken thousands of lakhs loans simply showing their pay-slips. If they become jobless all this is going to be booked under bad debt. The salary has been disproportionate to the nature of work. DO you think a newly joined candidate deserves 30000 per month. No.
IT boom has nearly ended. The thing which rises fast comes down to ashes fast.

All other sectors will consolidate except IT followed by realty.

btw Radhika, which channel you watch?

regards
shakti

11 Oct 2008 08:21

sp palo,

From rangoli to CNBC i pack so much in a day. So i dont know where my passion starts and where it ends. Shall i read Robert Svoboda, shall i watch CNBC, shall i decorate my doorstep with rangoli. LOL

I watch CNBC most often and its always in mute when i am not around as energy should not be wasted, i mute it, sound is an energy. Too much energy wasted leads to VATA in the environment around the house. An imbalance in vata in the environment in the house might attarct spirits. HAAAAAAAAAAAAAA...

In reply to:

Worse slowdown yet to hit markets

Posted by : sp.palo

Dear Radhika,
Good Morning.
A person long suffering in the ICU in comma state suddenly gets up and smiles. Do you know what it means. It means he is going to die within few seconds.
Similar case with the IT sector. It emerged from no where. It has really ruined the entire system.Thousands of IT professionals have taken thousands of lakhs loans simply showing their pay-slips. If they become jobless all this is going to be booked under bad debt. The salary has been disproportionate to the nature of work. DO you think a newly joined candidate deserves 30000 per month. No.
IT boom has nearly ended. The thing which rises fast comes down to ashes fast.

All other sectors will consolidate except IT followed by realty.

btw Radhika, which channel you watch?

regards
shakti

11 Oct 2008 08:18

Fear on streets of Reykjavik as country can only go to IMF for financial bailout

Iceland may be the target of British opprobrium right now, but on the streets of Reykjavik, citizens are more concerned about their own increasingly dire situation. The collapse of the country`s banking system and, along with it, the economy, is steadily affecting ever more of the 320,000 people who live on the North Atlantic island.


Yesterday, one of the country`s few daily national newspapers announced it was shutting its doors, while the country`s flag-carrying airline, Icelandair, said it had seen a dramatic slump in demand. No wonder the governor of the country`s central bank has been sent home to rest by his doctors.

Such is the parlous state of its finances, economists now believe Iceland will have no choice but to go cap in hand to the International Monetary Fund and ask the world`s lender of last resort to bail it out.

Negotiations are due to begin with Russia on Monday over a possible loan of €4bn (£3.15bn) but this will not be enough to get the country through its banking crisis. While such a loan would be worth a quarter of the country`s annual GDP, the total liabilities of the Icelandic banks are more like nine times the size of Iceland`s economy.

"Iceland is bankrupt," said Arsaell Valfells, a University of Iceland professor. "The Icelandic krona is history. The IMF has to rescue us."

Without help from the IMF, Iceland is almost certain to find itself in the same position as some of its leading financial institutions – bankrupt. The country would simply be unable to service its liabilities and its economy would be plunged yet further into crisis.

The krona, Iceland`s currency, has already collapsed in recent months, but bankruptcy would make it worthless on world markets. And without a viable currency the banks can`t be rescued, there is no cash to pay for essential imports, and no way of controlling inflation. The result is one with which Zimbabwe is now becoming ever more familiar – soaring prices, a big increase in unemployment and terrible hardship for most of the population.

The IMF now represents Iceland`s best bet of getting through this crisis. Not that it is an easy option. The IMF will only intervene in countries on its own terms and Iceland would be expected to accept harsh strictures from the Washington-based organisation.

In the longer term, there will be political fallout from this collapse. Iceland has traditionally been sceptical about the appeal of the European Union, let alone membership of the bloc operating with the single currency. However, the idea of joining the EU – though it would mean putting up with foreign intervention in its fishing, Iceland`s one remaining industry of note now banking has failed – may now become more attractive.

Iceland`s bankruptcy will also shock the developed world. While other countries have quite recently trodden this path – most notably Thailand and several Latin American states – Iceland is considered a developed market by economists. Indeed, until the credit crisis began just over a year ago, the enterprising skills of the country`s bankers had produced one of the best performing economies in the West.

So far, however, Iceland seems to be escaping one other common feature of national bankruptcies – serious civil unrest. Indeed, for now at least, the country seems to be attempting to pull together, with rock stars organising gigs, for example, in an attempt to buoy fellow citizens` spirits.

Nor has Geir Haarde, the country`s Prime Minister, yet come under pressure to step down – and in public he is attempting to remain calm. "We are gradually moving through this crisis," he said on Thursday. "There are still a few issues to resolve but that is the nature of these kind of things." A difficult man to ruffle, clearly.

By David Prosser...

In reply to:

Astronomers witness start of SUPERNOVA

Posted by : sambala

President Bush

`Here`s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets.` `Here`s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets.`

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