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Market Outlook - Short Term
Tracked by: 108 Boarders
if we can go from 700 to 6300..why we can not return..to 1800. everything is possible....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
pkk07
Nifty at 1800? That will never come. Never ever. Unless there is a nuclear war of course... 
Tracked by: 108 Boarders
My losses since January 2008. I don`t know what to do......
(75,996.59) September
2,001.97 August
31,590.12 July
(102,509.70) June
(37,439.67) May
39,519.15 April
(68,353.29) March
(13,233.85) Feb.
(118,205.02) Jan.
(342,626.87)
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : googol
0605
Dear vam,
This week:
Mad Monday
Terrible Tuesday
Worrisome Wednesday
Tranquilizing Thursday*
Fearsome Friday
Good Luck
*Market holiday
Tracked by: 0 Boarder
Meet Neel Kashkari: The Man With the $700 Billion Wallet
A Goldman Sachs Group alumnus in charge of the nation’s economic rescue? How unusual.
Except, of course, it isn’t. As The Wall Street Journal’s Deborah Solomon reported today, Treasury Secretary Hank Paulson is promoting Neel Kashkari, the Treasury’s assistant secretary for international affairs, to be the point man overseeing the $700 billion financial bailout as the interim head of Paulson’s Office of Financial Stability. The full appointment would need Senate confirmation, which is unlikely to come given the short remaining tenure in this Administration
The move essentially puts a new title on what Kashkari he has been doing since he joined Treasury in 2006–examining the consequences of an economic housing fallout. Kashkari was one of three Treasury staffers–including general counsel Robert Hoyt and head of legislative affairs Kevin Fromer–who stayed up until 4 a.m. last Sunday putting together the $700 billion bailout bill that was shot down by House Republicans the next day.
Kashkari (above left) is an Indian-American who has a few things in common with Paulson (above right). Both are former Goldman Sachs bankers, though Kashkari, at 35 years old, is much younger and was just a vice president-level banker in Goldman’s San Francisco technology banking effort when Paulson tapped him to join Treasury. Both also are Midwesterners. Kashkari grew up in Stow, Ohio, and earned a bachelor’s and master’s degree in engineering from the University of Illinois at Urbana-Champaign. Paulson was raised in Barrington Hills, Ill. And both sport similar hairstyles– or lack thereof.
Kashkari didn’t take a conventional route into banking. He started out as an aerospace engineer at TRW, developing technology for NASA projects like the James Webb Space Telescope, the replacement to Hubble, which is scheduled to launch in 2013.
He earned an M.B.A. at the University of Pennsylvania’s Wharton School of Business. While there, one of his professors was Michael Useem, who liked to put students through grueling, Outward Bound-type strengths of endurance and strategy. Kashkari participated in one Army simulation in 2002 at Fort Dix, where he was quoted in this 2002 Philadelphia Inquirer article in a comment just as applicable to today’s financial crisis as the project he was working on: “We were all taught to play nice,” Kashkari said. “So who’s going to fight in the sandbox?”
After Wharton, Kashkari joined Goldman and worked in San Francisco, where he advised companies that create computer security programs like antivirus software. He and his wife, Minal, still keep a house in California.
Paulson likes to surround himself with people he’s comfortable with: people, mostly, from Goldman Sachs. Paulson’s inner circle already includes former Goldmanites Dan Jester, a financial institutions banker, and retired banker Steve Shafran, who focused on corporate restructuring at Goldman. It also included Robert Steel, who has since left Treasury to become CEO of Wachovia.
Kashkari’s appointment is another example of how deep those Goldman Sachs ties go. In fact, Paulson himself was recruited by a former Goldman Sachs banker: former White House Chief of Staff Josh Bolten. Bolten overcame Paulson’s reluctance to persuade him to take the job as Treasury Secretary at a time when Paulson was so wary of the job that he declined to meet with President Bush because he knew he couldn’t say no to the President himself. According to an article in The International Economy by Fred Barnes in 2006, Paulson also believed that the Bush administration would not be able to accomplish many financial changes in 2007 and 2008. Kashkari’s new job show just how wrong Paulson was back then.
...
In reply to:
The End of Wall Street
Posted by : sambala
NEW YORK -- Richard Fuld, the former chief executive of failed finance firm Lehman Brothers, blames the collapse of his firm on a "crisis of confidence" that spread throughout the banking sector.
"This was not a lack of confidence in just Lehman Brothers, but part of what has been called `a storm of fear` enveloping the entire investment banking field and our financial institutions generally," said Fuld, in prepared testimony released by the House Committee on Oversight and Government Reform.
Fuld is getting grilled Monday by a House panel investigating the financial crisis, who aren`t likely to buy his argument that he is free from fault.
The committee, chaired by Rep. Henry Waxman, D-Calif., will examine the cause and effect of the Sept. 15 bankruptcy of Lehman - and who is to blame for it.
Lehman executives understood the seriousness of the firm`s dire financial state but "didn`t act fast enough" to prevent the collapse, Waxman said.
The firm, in the days before it filed for bankruptcy, sought board approval to pay three departing executives more than $20 million, according to Waxman.
"[E]ven as Mr. Fuld was pleading ...for a federal rescue, Lehman continued to squander millions on executive compensation," Waxman said.
"I don`t know how [Fuld] sleeps at night," added Rep. Elijah Cummings, D-Md., a senior member of the committee.
Waxman said "the repercussions" of Lehman`s bankruptcy have been felt across the economy. He said it triggered the recent credit crisis and made the $700 billion bailout enacted Friday necessary.
The blame game. Fuld "will walk away a wealthy man, having earned over $500 million" but takes no responsibility for the crisis, Waxman said. He quoted Fuld as saying in prepared testimony, "In the end, despite all our efforts, we were overwhelmed."
In his prepared testimony, Fuld points the finger at a host of other factors that have dogged the finance industry, including "naked short selling, which I believe contributed to both the collapse of Bear Stearns and Lehman Brothers."
Naked short selling differs from regular short selling in that the investor doesn`t actually borrow the shares being shorted, making it easier to drive prices lower.
Last month, the Securities and Exchange Commission moved to ban the practice, which has been blamed for some of the recent wild market swings.
Also, Fuld said that no one predicted the impending crisis.
"No one realized the extent and magnitude of these problems, nor how the deterioration of mortgage-backed assets would infect other types of assets and threaten our entire system," said Fuld, in his testimony.
Fuld is scheduled to testify later in the day. Lehman referred CNNMoney. com to Fuld`s spokesman at Sard Verbinnen & Co. A phone message seeking comment was not immediately returned.
A long-time Lehman veteran, who began working there full-time in 1969, Fuld served as CEO for 15 years. He raked in a whopping $22 million bonus in March, earning a total of about $500 million during his career at Lehman.
The FBI has begun a preliminary investigation of Lehman to determine whether its executives committed fraud by misleading investors about the firm`s financial condition, according to a report Monday in the Wall Street Journal.
The House committee`s hearing on Monday is the first of several that will scrutinize the dire situation on Wall Street.
On Tuesday, the committee will hold a hearing on AIG (AIG, Fortune 500), the insurance giant that the government bailed out with an $85 billion credit line. On Oct. 3, AIG said it had already used $61 billion worth of the loan and was selling off parts of its business to help pay it off.
On Oct. 16, the House will hold a hearing on the regulation of hedge funds. An Oct. 22 hearing will focus on the breakdown of credit rating agencies, and a hearing on Oct. 23 will scrutinize the role of federal regulators.
Tracked by: 108 Boarders
BullSheetRules,
can you seeing 3200 now on nifty? what is your latest BS views?...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Thank you for your appreciation!
Gud luk with your target of 3200 this month! :)
Gud luk & happy investing! :)
Tracked by: 108 Boarders
Another BS note: Keep a watch on DOLLAR YEN ratio!
That ratio is under 102 Now!
In Jan-feb when those massive crash happened, that ratio went below 100!
So take that factor also into account while going for any new FRESH BUY!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Another BS note: Deploy only a part of LT investments: If those values do not come to those weekly charts figures, then wait for those values to come as Nifty will not go UP in hurry due to the madness on that part of those Big Players.
It is still theoretically possible that those BIG PLAYers can easily take Nifty to 4100! :)
Gud luk & happy investing! :)
Tracked by: 0 Boarder
3600 done, next 3200 on nifty and then one target at a time...
In reply to:
Nifty will hit 3200
Posted by :
fmcgbites
nifty is below 3900 and prepare yourself for 3200 on nifty in coming sessions.
Tracked by: 108 Boarders
0605
Dear vam,
This week:
Mad Monday
Terrible Tuesday
Worrisome Wednesday
Tranquilizing Thursday*
Fearsome Friday
Good Luck
*Market holiday
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vam_aru
Dear googol,
My god...It seems that some one put a fire on DOW Jones , It`s melting by the minute...9779 ( 546 points down )
Tomorrow is the blodd path day for us...
Tracked by: 108 Boarders
Dear patience
Now CRR rate hike is announced. Earlier PN ban was lifte. Petrol and Diesal price will be shortly reduced. Interest rate will be reduced. Inflation due to this measures will be reduced to single digit. Hence market will stabilise around this level if not relief rally. Hence my suggestion is to buy not to sell. Eventhough US market is down I anticipate recovery in late hours or tomorrow. Strat buying from tomorrow afternoon.
aahoo (the real bull of Indian story) ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : patience
Dear Raj,
quote
In the longer term though, Indian markets are likely to outperform.
unquote
this particular dialogue is bit overdone, every one on street says this statement. sick and tired of it..
point is be it short term medium term or long term, if one knows where to go long he/she will win in this mkt.
Unlike some idiots who were so adamant to give short calls at 3800, they go for quick money and shorting always gives quick money but it also ensures everything earned vanishes in 2 session (like the one we saw in UPA rally)
Positive mind with a plan will always benefit in mkt. Mkt from 3800 - 4500 is sheer outperformance
Take care
Tracked by: 0 Boarder
NEW YORK -- Richard Fuld, the former chief executive of failed finance firm Lehman Brothers, blames the collapse of his firm on a "crisis of confidence" that spread throughout the banking sector.
"This was not a lack of confidence in just Lehman Brothers, but part of what has been called `a storm of fear` enveloping the entire investment banking field and our financial institutions generally," said Fuld, in prepared testimony released by the House Committee on Oversight and Government Reform.
Fuld is getting grilled Monday by a House panel investigating the financial crisis, who aren`t likely to buy his argument that he is free from fault.
The committee, chaired by Rep. Henry Waxman, D-Calif., will examine the cause and effect of the Sept. 15 bankruptcy of Lehman - and who is to blame for it.
Lehman executives understood the seriousness of the firm`s dire financial state but "didn`t act fast enough" to prevent the collapse, Waxman said.
The firm, in the days before it filed for bankruptcy, sought board approval to pay three departing executives more than $20 million, according to Waxman.
"[E]ven as Mr. Fuld was pleading ...for a federal rescue, Lehman continued to squander millions on executive compensation," Waxman said.
"I don`t know how [Fuld] sleeps at night," added Rep. Elijah Cummings, D-Md., a senior member of the committee.
Waxman said "the repercussions" of Lehman`s bankruptcy have been felt across the economy. He said it triggered the recent credit crisis and made the $700 billion bailout enacted Friday necessary.
The blame game. Fuld "will walk away a wealthy man, having earned over $500 million" but takes no responsibility for the crisis, Waxman said. He quoted Fuld as saying in prepared testimony, "In the end, despite all our efforts, we were overwhelmed."
In his prepared testimony, Fuld points the finger at a host of other factors that have dogged the finance industry, including "naked short selling, which I believe contributed to both the collapse of Bear Stearns and Lehman Brothers."
Naked short selling differs from regular short selling in that the investor doesn`t actually borrow the shares being shorted, making it easier to drive prices lower.
Last month, the Securities and Exchange Commission moved to ban the practice, which has been blamed for some of the recent wild market swings.
Also, Fuld said that no one predicted the impending crisis.
"No one realized the extent and magnitude of these problems, nor how the deterioration of mortgage-backed assets would infect other types of assets and threaten our entire system," said Fuld, in his testimony.
Fuld is scheduled to testify later in the day. Lehman referred CNNMoney. com to Fuld`s spokesman at Sard Verbinnen & Co. A phone message seeking comment was not immediately returned.
A long-time Lehman veteran, who began working there full-time in 1969, Fuld served as CEO for 15 years. He raked in a whopping $22 million bonus in March, earning a total of about $500 million during his career at Lehman.
The FBI has begun a preliminary investigation of Lehman to determine whether its executives committed fraud by misleading investors about the firm`s financial condition, according to a report Monday in the Wall Street Journal.
The House committee`s hearing on Monday is the first of several that will scrutinize the dire situation on Wall Street.
On Tuesday, the committee will hold a hearing on AIG (AIG, Fortune 500), the insurance giant that the government bailed out with an $85 billion credit line. On Oct. 3, AIG said it had already used $61 billion worth of the loan and was selling off parts of its business to help pay it off.
On Oct. 16, the House will hold a hearing on the regulation of hedge funds. An Oct. 22 hearing will focus on the breakdown of credit rating agencies, and a hearing on Oct. 23 will scrutinize the role of federal regulators.
...
In reply to:
The End of Wall Street
Posted by : sambala
Ex-Lehman CEO faces grilling
Richard Fuld, former CEO of bankrupt Lehman, testifies before House panel probing what caused the firm`s collapse
Tracked by: 108 Boarders
Dear HLN..
I have nothing personal against you or against your predictions.
I was just amazed at the way people jumping into congratulate after more than an year of ridiculing and brick batting.
Not a single boarder congratulating you can stand up and say that they are shorting or bear biased right from the day they came to know about this thread. The very attitude was to stay away n watch and sometimes enjoy the prediction being panned out by the bullsih people [rightly sometimes or should i say most of the times... :-)].
No wonder I am amazed to see them endearing themselves now.lol
Ok lets see whether anybody goes all bullish from now..as the targets are achieved...I am sure no..people will sit on most of their money...lol..
Warm Regards...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Hi Karthikn,
why you are amazed ? For my foresight of 3600. You have written
I could not foresee 3600 today. I have been predicting it for
months. Movements of Index do not keep calender with them. The
target level can come any day depending on global cues and other
news flow.
But you are right in every way. Some people manage to find fault
even in the best things.
Keep in up. We need some spice in our food.
Tracked by: 0 Boarder
To my dear friend Karthik,
Here`s your request, instead of asking,i thought its better to start the new thread now itself...(with lots of optimisim :) LOL)
Regards :)...
Tracked by: 0 Boarder
Ex-Lehman CEO faces grilling
Richard Fuld, former CEO of bankrupt Lehman, testifies before House panel probing what caused the firm`s collapse...
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
Hahaha lol... you never heard them astronauts calling......,,from space ship the word Houston..... its a commonly used...even in movie you hear it..... ,, well now you know ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : radhika_nandlal
But why are u calling Houston the town, i thought u were calling Houston the singer... and i have noticed this houston from 2004 when i registered here... .was wondering whom ur calling and why
Tracked by: 108 Boarders
0604
Dear BSR,
While many were predicting dooms day for the last one year just citing chart as the reason,only Kalidas explained the hole called subprime that American cos are in,by last Dec so precisely and said that Indian mkts would tank at the latest by III week of Jan and the fall would be more than 70% (from 6000 levels)and advised all to sell all their holdings and keep as cash.Pl.go thro` the archives to see some of his gems.He was the first one to predict the dooms day of ICICI bank when it was at 900 saying that it would fall to 200-.
He even now maintains that more pains are in the offing
Regards,
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear googol,
I did not notice any correct/significant prediction from kalidas.
Can you enlighten me about those figures?
So far, whatever small readings I have done, I have come to the conclusion that he does have sound FUNDAMENTAL knowledge of financial markets, specially, the BS US market! :)
Gud luk & happy investing!
Tracked by: 0 Boarder
EUROPE STOCKS END WITH WORST ONE-DAY SELL-OFF EVER, DOWN NEARLY 8%...
In reply to:
The End of Wall Street
Posted by : sambala
Dow sinks 500 points amid growing anxiety over the extent of the global financial crisis.
Boarder Circle