Market Outlook - Short Term

The End of Wall Street

Posted by : sambala

Oil prices sink to 8-month low

Crude prices tumbled, falling below $90 for the first time since February as worries heighten that the financial crisis will hurt demand

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : lovemeall26

Hello radhikaji,
Yes not only have I minted money in this past month, I have done two, much more important things. First I have saved my capital from further erosion, rather built up on it due to profits on my shorts and secondly I have buillt a massive portfolio today for long term with the other half of my capital waiting in my banks waiting to be deployed if nifty sinks further, I am literally laughing all the way to the bank.
regards
lovemeall26

Revival or Relief from tomorrow?

Posted by : hembhat

The market fall as appaling. Its like a falling sword. European financial crisis seems to be looming large. If Dow closes below 10000, then its bull run ends. So global markets would weaken further. Nifty has another 10% fall due in coming days. Heavy weights like Reliance, L & T, Bhel may see heavy selling by FIIs. So here market will remain under pressure for some time. It is only when short selling stops, the market would stabilise. That is the time when there are no sellers but some buyers. Market has to pass at least 4 to 5 months in that state, then revival would happen. The earlier Nifty touches its low better it is. But if it bounces then investor may loose further, as the bounce would be temporary.

The End of Wall Street

Posted by : sambala

EU official add fuel to the FIRE

LONDON (MarketWatch) -- Even a watered-down pledge by the European Union`s top leaders to "coordinate" individual efforts to shore up the troubled banking sector proved overly ambitious, undercutting the euro and exacerbating losses across European equity markets on Monday, economists said.

Revival or Relief from tomorrow?

Posted by : gunamjj

That was a good one Investor11....

Thought of posting the same... :) I feel a bounce atleast now from highly oversold largecaps.... Short covering may lit up more fire... But again another important point is Infy Guidance ahead :)....

If more bank`s bankruptcy news and global negative news flows in.... We will drift lower from that top point of small rally :) Hope our GDP will take a good beating due to this crisis.... But we need to focus on which sector will bare less damage and the market leader in that sector... To invest for Good returns during this turmoil....

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : pkjattking

So tell me are you giggling yourself now...sweet deal for you ha...

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : pkjattking

So you think stop losses were triggered today...portfolio looks in bad shape rite now..... damn

The End of Wall Street

Posted by : sambala

Bears pick up where they left off last week. Bank shares get slammed in the early action.

Revival or Relief from tomorrow?

Posted by : investor11

Do you expect a revival or relief rally to begin from tomorrow and to go up to Diwali?
Positive indicators are
CRR cut
Crude fall
Inflation cooling down
Positive indication from SEBI on P Note and short selling

Negative factors
Factor one sell on any rally
Factor two expect Europian banking system to follow US path?
Please give your valuable opinion

The End of Wall Street

Posted by : sambala

Dow industrials fall 700 on fears bailout package vote will fail, but later recover to a loss of about 400.

Revival or Relief from tomorrow?

Posted by : investor11

Do you expect a revival or relief rally to begin from tomorrow and to go up to Diwali?
Positive indicators are
CRR cut
Crude fall
Inflation cooling down
Positive indication from SEBI on P Note and short selling

Negative factors
Factor one sell on any rally
Factor two expect Europian banking system to follow US path?
Please give your valuable opinion

The End of Wall Street

Posted by : sambala

Bill v. Barack on Banks
Clinton instructs Obama on finance and Phil

A running cliché of the political left and the press corps these days is that our current financial problems all flow from Congress's 1999 decision to repeal the Glass-Steagall Act of 1933 that separated commercial and investment banking. Barack Obama has been selling this line every day. Bill Clinton signed that "deregulation" bill into law, and he knows better

In BusinessWeek. com, Maria Bartiromo reports that she asked the former President last week whether he regretted signing that legislation. Mr. Clinton's reply: "No, because it wasn't a complete deregulation at all. We still have heavy regulations and insurance on bank deposits, requirements on banks for capital and for disclosure. I thought at the time that it might lead to more stable investments and a reduced pressure on Wall Street to produce quarterly profits that were always bigger than the previous quarter.

"But I have really thought about this a lot. I don't see that signing that bill had anything to do with the current crisis. Indeed, one of the things that has helped stabilize the current situation as much as it has is the purchase of Merrill Lynch by Bank of America, which was much smoother than it would have been if I hadn't signed that bill."

One of the writers of that legislation was then-Senator Phil Gramm, who is now advising John McCain, and who Mr. Obama described last week as "the architect in the United States Senate of the deregulatory steps that helped cause this mess." Ms. Bartiromo asked Mr. Clinton if he felt Mr. Gramm had sold him "a bill of goods"?

Mr. Clinton: "Not on this bill I don't think he did. You know, Phil Gramm and I disagreed on a lot of things, but he can't possibly be wrong about everything. On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence.

"But I can't blame [the Republicans]. This wasn't something they forced me into. I really believed that given the level of oversight of banks and their ability to have more patient capital, if you made it possible for [commercial banks] to go into the investment banking business as Continental European investment banks could always do, that it might give us a more stable source of long-term investment."

We agree that Mr. Clinton isn't wrong about everything. The Gramm-Leach-Bliley Act passed the Senate on a 90-8 vote, including 38 Democrats and such notable Obama supporters as Chuck Schumer, John Kerry, Chris Dodd, John Edwards, Dick Durbin, Tom Daschle -- oh, and Joe Biden. Mr. Schumer was especially fulsome in his endorsement.

As for the sins of "deregulation" more broadly, this is a political fairy tale. The least regulated of our financial institutions -- hedge funds -- have posed the least systemic risks in the current panic. The big investment banks that got into the most trouble could have made the same mortgage investments before 1999 as they did afterwards. One of their problems was that Lehman Brothers and Bear Stearns weren't diversified enough. They prospered for years through direct lending and high leverage via the likes of asset-backed securities without accepting commercial deposits. But when the panic hit, this meant they lacked an adequate capital cushion to absorb losses.

Cont.....

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

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : radhika_nandlal

Lovemeall,

You must have minted money in this past month?

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : lovemeall26

Hello ketanpatel01,
That is exactly what I have explained on my homepage that now total erosion of confidence will set in on the world which is the worst type of erosion for world markets. I cant waiting forever for certain levels to make my purchases. I have already picked up substantial stocks at 3650 levels for my Long term portfolio. I dont care if it sinks more from here because this is for five years forward.
thanks
lovemeall26