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Market Outlook - Short Term
Tracked by: 0 Boarder
We don’t usually see largecap names going down 10% so effortlessly. The Nifty is at 3,600 and the Sensex below 12,000. One should prepare oneself for more volatility. You will get these one day kind of snapbacks, but broadly the downtrend remains as you have seen clearly established over the last few days and weeks.
...
Tracked by: 108 Boarders
Dear fmcgbites,
you forget to add info about Brazilian market!
--
Emerging market stocks fell the most in at least two decades and exchanges in Brazil and Russia were forced to halt trading as the global banking crisis escalated in Europe and oil fell below a barrel.
Brazil`s Bovespa index tumbled 15 percent, while Russia`s Micex Index plunged nearly 20 percent before trading was halted for a third time today. China`s benchmark CSI 300 Index slid 5.1 percent, its biggest one-day decline since August. Indonesia and Saudi Arabia lost the most in at least six years. The MSCI Emerging Markets Index slumped 11 percent, the biggest intraday loss since 1987 when Bloomberg records began.
--
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
fmcgbites
nifty will fall like Russia one day, even less than 1% fall from Russia will do the trick. Russia had fallen 16%. 
Tracked by: 108 Boarders
FULD is insisting that collateral and capital are two different things in order to make those law makers understand things better!
watch him if possible... :)
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
BullSheetRules
DOW market is making moves based on the proceeding that is going on FULD! :)
Gud luk & happy investing! :)
Tracked by: 108 Boarders
DOW market is making moves based on the proceeding that is going on FULD! :)
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkjattking
It will stop when they want it...... actually mkts were doing fine b4 the bailout.....who ever had to out went out of business.... now there few European banks that are having hickups.....
Tracked by: 108 Boarders
:) :)
US lawmakers are taking Left and Right of Fuld ... watch him on video!
If he let the TRUTH out, then everything will be out to the knowledge of common ppl and all those BIG GREEDY Cats would be IN... It looks like Fuld will be made a scapegoat like Harshad Mehta...
Gud luk & happy investing! :)
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : raj_tibs
Watch Fuld getting ragged (rapped? raped?!!) by the US lawmakers :-)
Tracked by: 108 Boarders
It will stop when they want it...... actually mkts were doing fine b4 the bailout.....who ever had to out went out of business.... now there few European banks that are having hickups..... ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : fmcgbites
Fed signaled it could increase the amount available through those loans to $900 billion by the end of the year. this much money is peanut compare to principal amount of CDS outstanding of $50 trillion. financial Armageddon and nothing will stop it.
Tracked by: 0 Boarder
Gold surges on safe-haven buying spree
NEW YORK (MarketWatch) -- Gold futures rose Monday for the first time in three sessions, rallying more than 5% as concerns that a massive bailout plan may not be enough to rescue the financial market boosted demand for gold as a safe haven...
In reply to:
The End of Wall Street
Posted by : sambala
Global stock free-fall
U.S. indexes plummet as European shares end with worst one-day drop ever; Dow below 10,000 level; S&P, Nasdaq slide more than 5%
Tracked by: 0 Boarder
Global stock free-fall
U.S. indexes plummet as European shares end with worst one-day drop ever; Dow below 10,000 level; S&P, Nasdaq slide more than 5%
...
In reply to:
The End of Wall Street
Posted by : sambala
European shares in biggest one-day fall ever
Banks, miners lead stock slump across Europe
Tracked by: 6 Boarders
Kalidas,
Yor Post : `"Following are the factual SENSEX figures:
3-Oct-08 Friday 12,526.32 (-529)
2-Oct-08 Thursday 12,526.32 (Market closed in India only)
1-Oct-08 Wednesday 13,055.67 (+195)
30-Sep-08 Tuesday 12,860.43 (+265)
29-Sep-08 Monday 12,595.75 (-507)
26-Sep-08 Friday.. 13,102.18 (-445)
25-Sep-08 Thursday 13,547.18 Base
(My post was at 10:02 India time or 12:30 HK time)
.........................
I have already proved that 116 points down.
You predicted RALLY OF 2400 POINTS IN 7 DAYS.
DO YOU EMAN THAT I AM KID ???????????????????
Aceept your failure and get lost.........
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by : Kalidas
Reply to lalitdeshpandey
Excellent. I was waiting for this kind of misquoted and out-of-context post. In fact, it has been practice of some of the boarders to quote me out of context all the time, just to prove them right. Now, Let me reply you by point by point.
CUT & PASTE
Show me a single instance where I have been using :Cut & Paste" technology with specific dates so that I will know whether it was me who doing that act or some other
Let us go point by point:
Kalidas : Once the Obama and McCain show the approval, other Democrats and Republican will not bother to object. After President Bush speech today, there is more than 70% possibility that the bill may be passed before Sunday.(Forecast)
Fact: Both Obama and McCain both were non-committal before house rejected the motion. When Dow fell by 778 points, and Bush invited them to White House, they became more specific and decided to support the motion. Finally, in the second vote yesterday, the motion was passed. Let the readers judge.
Among the 2400 pts rally, I have narrated 8 points. Let me take Pont no. 8 first.
Point No.8
Kalidas : This scenario is possible only if the bill is passed. For any reason the bill is delayed, almost everything will work in reverse gear. Since everyone is losing money and want the market to go higher, they will want to know so called good news (which is sugar coated saccharine) to fuel the rally.
Fact: The SENSEX behaved exactly as mentioned. My call for 2400 pts was QUALIFIED if the scenario of passage of bill in the first instance - it did not happen
Following are the factual SENSEX figures:
3-Oct-08 Friday 12,526.32 (-529)
2-Oct-08 Thursday 12,526.32 (Market closed in India only)
1-Oct-08 Wednesday 13,055.67 (+195)
30-Sep-08 Tuesday 12,860.43 (+265)
29-Sep-08 Monday 12,595.75 (-507)
26-Sep-08 Friday.. 13,102.18 (-445)
25-Sep-08 Thursday 13,547.18 Base
(My post was at 10:02 India time or 12:30 HK time)
When the Paulson Plan was rejected, my forecast came to an end. Everything worked in reverse gear. I has also mentioned that -
Kalidas: Do not think that I am bullish on the market. This is sugar coated market for brave hearts. This is purely trading scenario – Investment climate is still worsening.
Other points:
1. Dow may rise by 1200 points in 2 or 3 days due to fierce rally in Index related financial shares
Kalidas: It did not, one day down by 778 points, second day up 485 pts. Financial shares rallied by over 20% and in some cases 70% in case of small regional banks
2. Gold may plummeted by 5% to 10%
Kalidas: Gold was $902 (25Sep) Now $ 828 (2 Oct) - down $74 (-8.20%)
3. Silver may plummet by 20%
Kalidas: Now $10.85 (3Oct) $13.40 (25 Sep) down 2.60 (-19.33%)
4. Oil may drop by 10% to 15%:
Kalidas: Now $93.88 (3 Oct) $111.54 (25 Sep) down 17.66 (-15.83%)
5. Commodities may also drop due to US$ rally
Kalidas: CRB Metal sub Index 403 (3Oct) was 425 (25Sep) - Down 22 or 5.17%
6. Euro will fall most- Yen least. Rupee will slide over 3%
Kalidas: EURO: 1.3767 (3Oct) was 1.47 (25Sep) down .0933 (-6.35%)
YEN : 105.32 (3Oct) was 106.5 (25Sep) up 1.18 (+1.1%)
RUPEE: 46.98 (3Oct) was 45.90 (25Sep-Opening) Down 1.08 (-2.35%)
7. World markets may rise. SENSEX may gain by 2400 points in less than 3 days. All index heavy weight may gain significantly. (This was subject to Point 8 immediately following, IF the budget was passed at first instance, which was voted out - that turned the sentiments negative)
NOW, coming to you losing and ruined by my posting, I can only say that you never believed it. You are just bluffing. In fact you mentioned as under:
QUOTE
I had posted my logic several times that even historic bull time has rarely shown such a rally in 7 days, BUT TO MY SUPRISE and TO THE SHAME OF MMB, all of my messages are deleted by you or your BLIND FOLLOWERS.
UNQUOTE
Kalidas, Hong Kong
4-10-2008 (Contd Part II)
Tracked by: 108 Boarders
Fed signaled it could increase the amount available through those loans to $900 billion by the end of the year. this much money is peanut compare to principal amount of CDS outstanding of $50 trillion. financial Armageddon and nothing will stop it....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkjattking
AP
Russian stocks plunge by nearly 20 percent
Monday October 6, 12:38 pm ET
By Catrina Stewart, Associated Press Writer
Traders stunned as Russian stocks go into tailspin, lose nearly 20 percent
MOSCOW (AP) -- Russia`s leading stock markets suffered their biggest-ever one-day losses as shares went into free fall on the back of falling oil prices and deepening fears about the global economy despite the passage of a $700 billion U.S. bank bailout.
ADVERTISEMENT
Trading on MICEX -- the country`s largest index-- was shut down three times, closing down 18.6 percent to 752 points. The benchmark RTS -- where trading was halted twice -- crashed to its lowest point since August 2005, falling by 19.1 percent to 866.4 points.
"The mood is kind of disbelief. You`d think we would have gotten used to it by now," said Ron Smith, strategist at Moscow-based Alfa Bank. "Traders are just sitting there staring at the screens and going, `Wow.`"
Tracked by: 6 Boarders
kalidas,
rupee? read again.
1166 points fall...... it crossed 1166.
hope you have no arguments.....this is
space where we buy nifty and stocks only.
not silver and metal..
you are wrong..
you fail to judge........
thats all,
now stop.......
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by : Kalidas
Reply to lalitdeshpandey
Excellent. I was waiting for this kind of misquoted and out-of-context post. In fact, it has been practice of some of the boarders to quote me out of context all the time, just to prove them right. Now, Let me reply you by point by point.
CUT & PASTE
Show me a single instance where I have been using :Cut & Paste" technology with specific dates so that I will know whether it was me who doing that act or some other
Let us go point by point:
Kalidas : Once the Obama and McCain show the approval, other Democrats and Republican will not bother to object. After President Bush speech today, there is more than 70% possibility that the bill may be passed before Sunday.(Forecast)
Fact: Both Obama and McCain both were non-committal before house rejected the motion. When Dow fell by 778 points, and Bush invited them to White House, they became more specific and decided to support the motion. Finally, in the second vote yesterday, the motion was passed. Let the readers judge.
Among the 2400 pts rally, I have narrated 8 points. Let me take Pont no. 8 first.
Point No.8
Kalidas : This scenario is possible only if the bill is passed. For any reason the bill is delayed, almost everything will work in reverse gear. Since everyone is losing money and want the market to go higher, they will want to know so called good news (which is sugar coated saccharine) to fuel the rally.
Fact: The SENSEX behaved exactly as mentioned. My call for 2400 pts was QUALIFIED if the scenario of passage of bill in the first instance - it did not happen
Following are the factual SENSEX figures:
3-Oct-08 Friday 12,526.32 (-529)
2-Oct-08 Thursday 12,526.32 (Market closed in India only)
1-Oct-08 Wednesday 13,055.67 (+195)
30-Sep-08 Tuesday 12,860.43 (+265)
29-Sep-08 Monday 12,595.75 (-507)
26-Sep-08 Friday.. 13,102.18 (-445)
25-Sep-08 Thursday 13,547.18 Base
(My post was at 10:02 India time or 12:30 HK time)
When the Paulson Plan was rejected, my forecast came to an end. Everything worked in reverse gear. I has also mentioned that -
Kalidas: Do not think that I am bullish on the market. This is sugar coated market for brave hearts. This is purely trading scenario – Investment climate is still worsening.
Other points:
1. Dow may rise by 1200 points in 2 or 3 days due to fierce rally in Index related financial shares
Kalidas: It did not, one day down by 778 points, second day up 485 pts. Financial shares rallied by over 20% and in some cases 70% in case of small regional banks
2. Gold may plummeted by 5% to 10%
Kalidas: Gold was $902 (25Sep) Now $ 828 (2 Oct) - down $74 (-8.20%)
3. Silver may plummet by 20%
Kalidas: Now $10.85 (3Oct) $13.40 (25 Sep) down 2.60 (-19.33%)
4. Oil may drop by 10% to 15%:
Kalidas: Now $93.88 (3 Oct) $111.54 (25 Sep) down 17.66 (-15.83%)
5. Commodities may also drop due to US$ rally
Kalidas: CRB Metal sub Index 403 (3Oct) was 425 (25Sep) - Down 22 or 5.17%
6. Euro will fall most- Yen least. Rupee will slide over 3%
Kalidas: EURO: 1.3767 (3Oct) was 1.47 (25Sep) down .0933 (-6.35%)
YEN : 105.32 (3Oct) was 106.5 (25Sep) up 1.18 (+1.1%)
RUPEE: 46.98 (3Oct) was 45.90 (25Sep-Opening) Down 1.08 (-2.35%)
7. World markets may rise. SENSEX may gain by 2400 points in less than 3 days. All index heavy weight may gain significantly. (This was subject to Point 8 immediately following, IF the budget was passed at first instance, which was voted out - that turned the sentiments negative)
NOW, coming to you losing and ruined by my posting, I can only say that you never believed it. You are just bluffing. In fact you mentioned as under:
QUOTE
I had posted my logic several times that even historic bull time has rarely shown such a rally in 7 days, BUT TO MY SUPRISE and TO THE SHAME OF MMB, all of my messages are deleted by you or your BLIND FOLLOWERS.
UNQUOTE
Kalidas, Hong Kong
4-10-2008 (Contd Part II)
Tracked by: 108 Boarders
Keep faith.... my country men..... I think we will survive just fine......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : raj_tibs
2 down circuits and 3000 on Nifty tomorrow?.. lol (seriously!)
-r
Tracked by: 108 Boarders
Hi pradesh,
Arre buy anything, its like buy one, get two free. I have entered sugar - like renuka and triveni apart from other sectors.
lovemeall26...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pradesh
Hi lovemeall,
Would you please tell us couple of stocks which one may buy now?
Tracked by: 108 Boarders
nifty will fall like Russia one day, even less than 1% fall from Russia will do the trick. Russia had fallen 16%....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : raj_tibs
2 down circuits and 3000 on Nifty tomorrow?.. lol (seriously!)
-r
Tracked by: 108 Boarders
Global panic on markets as US bailout fails to stem credit crisis
A global tsunami of panic wiped nearly 8 per cent off the value of the FTSE 100 index today and hit other markets equally hard as investors decided that Friday`s $700 billion bank bailout would not be enough to ease the credit crisis.
The benchmark index on the London Stock Exchange closed at 4589.19, down 391.06, or 7.85 per cent fall, led by miners and banks. It was the third-worst percentage fall since the FTSE 100 was created in 1984.
Shares also plunged on Wall Street – the Dow Jones Industrial Average, which dropped below 10,000 for the first time in four years, was about 4 per cent down when trading closed in London - and across Western Europe.
In the emerging markets, however, it was nothing short of carnage. Russia`s RTS exchange suspended trading twice as prices dropped 19.10 per cent, the market`s worst ever one-day fall. Trading was also halted twice on Sao Paulo’s Ibovespa index after stocks sank 10 per cent and then another 5 per cent.
"There is all-out panic," said Adrian van Tiggelen, a senior strategist with ING bank in The Hague.
For policymakers and central bankers, it was a nightmare start to the week – little helped by the failure of EU leaders to agree on a European banking rescue scheme or even, it appeared, on a common strategy.
There was continued confusion as to the detail of Germany`s decision to guarantee all private bank deposits as Austria and Denmark broke ranks to follow suit and Spain threatening to do so if the EU did not take action.
Both Gordon Brown and Alistair Darling, the Chancellor, were working the phones. Mr Brown discussed the crisis with President Sarkozy of France this morning and was due to talk with Angela Merkel, the German Chancellor, later today to clarify Germany`s plans.
"In the last 24 hours, the Prime Minister and the Chancellor have been spending a lot of time on the phone. We continue to urge cooperation at an EU and international level," his spokesman said.
No stock was in positive territory on the UK benchmark index but banks were again among the biggest fallers. The Royal Bank of Scotland lost more than a fifth of its value, HBOS fell 19.8 per cent and Barclays shareholders saw almost 15 per cent wiped off the value of their holdings.
An emergency Commons statement from Mr Darling did nothing to calm City nerves – especially when it became apparent that he had nothing new to offer savers despite hinting at some "pretty big steps" yesterday.
As stocks fell, investors fled to government bonds and the relative safety of the Japanese yen, which gained 1.7 per cent against the dollar.
The euro was particularly hard hit by the failure of the leaders of Europe`s four biggest economies to agree on a co-ordinated bailout plan at a weekend summit, losing 1.2 per cent against the dollar and around 3 per cent against the yen.
"We are seeing an intensification of risk aversion overnight and the main beneficiaries are the yen and dollar," said Lee Hardman, a currency economist at Bank of Tokyo-Mitsubishi-UFJ.
"The market is in an extreme state of paralysis."
The markets were also in meltdown in Iceland, where foreign currency reserves have all but dried up because of the credit crunch.
The Icelandic crown lost a stunning 30 per cent of its value, following steep declines last week, as ministers worked on an emergency plan to save the banking system. All dealing in the shares of the country`s six major financial institutions were suspended.
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : sambala
HONG KONG (Reuters) - Asian stocks fell 2-3 percent on Monday, led by shares of exporters, after a hectic weekend in Europe as the financial crisis gathered steam there, knocking the euro to the lowest in a year.
Concerns about whether the $700 billion rescue plan, which was approved by the U.S. Congress last week, would be quickly implemented and whether it would be enough to shore up the economy left investors seeking safety in U.S. and Japanese government bonds and buying yen and Swiss francs.
Oil prices fell around $2 to just below $92 a barrel dragging down prices of metals and grains, on expectations damage from dysfunctional financial systems in developed economies would almost certainly push them closer to recessions.
"There`s just nothing positive out there. Figures are bad in the States, Europe`s bad, Japan`s bad and China`s probably slowing," said David Spry, research manager at broker FW Holst in Melbourne.
Japan`s Nikkei share average fell 2.5 percent to the lowest since October 2004. Sectors that derive their revenues mainly from exports, such as electrical equipment, machinery and auto makers, led the index lower.
The MSCI index of Asia-Pacific stocks outside Japan slid 2.1 percent to the lowest since June 2006.
South Korea`s KOSPI was down 2.9 percent, led by shares of Samsung Electronics Co Ltd and POSCO, the world`s fourth-largest steelmaker, the biggest drags.
Korea`s markets have been one of the hardest hit by a wholesale move by foreign investors away from perceived risk in Asia. The country`s growing current account deficit has turned off investors, and news local banks were having trouble securing foreign-currency loans added to negative sentiment on Asia`s fourth-largest economy.
"Although we are not expecting a banking crisis in Korea, the credit crunch is likely to be most severely felt in Korea among Asian economies given the highly leveraged Korean corporate and households," said Ashley Davies, currency strategist with UBS in Singapore.
The U.S. dollar shot up 3 percent against the won to the highest in more than six years.
The dollar has been the beneficiary of a move by institutions and investors to cut the amount of risk in their portfolio. As a result, the euro fell 0.9 percent to $1.3642 after earlier falling as low as $1.3610.
The euro was down 1.9 percent at 142.18 yen the lowest since May 2006.
Europe`s scattered response to the financial crisis enveloping the region also weighed on investors.
Germany gave blanket bank deposit guarantee on Sunday to prevent panic as officials clinched deals to rescue Germany`s Hypo Real Estate -- after an initial bailout failed -- and recapitalize two other European banks.
Divisions in how European leaders think best to approach the financial crisis were clearly on display. Italian Prime Minister Silvio Berlusconi said on Sunday that Italy would revive the idea of a common bank bailout fund at a meeting of finance ministers on Monday, only a day after the leaders of Europe`s four biggest economies -- Germany, France, Britain and Italy -- decided against a coordinated bank rescue.
The 10-year Japanese government bond future was up 0.5 point at 138.19, rising for a third day.
The yield on the 10-year U.S. Treasury note which moves in the opposite direction of the price, fell to 3.57 percent after earlier dropping to 3.52 percent, down from 3.60 percent late on Friday.
