A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
On September 23,2008,Warren Buffett’s (WB) Investment Behemoth,Berkshire Hathaway (BH) announced it would invest US $ 5 Billion in preferred stock of Goldman Sachs and would receive 10% annual dividend.It would also be alloted warrants that would give it an option to invest a further US $ 5 Billion in Common Stock at a strike Price …
2008 has been a poor and humbling experience At end 2007 all had predicted a continuing upward Sensex and Nifty Trend,albeit with a slower growth rate and little downside to both the Indices…we thought we were Leading…but were actually being led ! It was inconceivable at the time to predict that the Financial and Buisness Pillars of USA will crumble in …
Whitewash in 2008…and 2009 ?…are we leading or are we being led !? Read More »
Yesterday our Sensex surged 5.74 % by 572 points to close at 10536 and Stock Experts and Stock Media attributed this to the US $ 586 Billion package announced by China to boost Infrastucture Today it’s nearing 2.45 pm and the Sensex has already reversed out 630 points to 9906…..wonder what these Experts will attribute this to ! …
A Sensex See-saw ?…or is the Sensex actually being sawed ! ? Read More »
Ooof !…Yes,I’m not a Technical Guy…but just received another Tech Report from a leading listed Broker,who just laid off 70 people on Thursday….It’s a conflicting and bullish view It predicts that the Nifty will surge 42% to 4250 within Four to Six Months from now….that would mean a Sensex Level that goes past 14000 again …
I’m not into Technical Analysis…more a Fundamental Guy…but count as some of my close friends and associates,some leading Technical Voices in our Stock Markets So as this week closes with the Sensex hovering around 10000 and Obama winning the US Presidential Elections , I was taken aback when these Technical Voices made some very intense,bold and scary Long …
Inside days there was a huge 3000 points or 40% bounce back from a 52 week Sensex intra-day Low of 7697 on October 27,2008…Leading the way was Reliance which was perilously close to falling below 1000 but bounced back to 1400…it’s slipped back to below 1200 inside two days An earlier blog warned that such rallies are …
Sensex Rocks and Rolls back below 10000 yet again…8k soon ? Read More »