We get back to our regularly scheduled financial crisis.
| TED spread | 2.18 |
| S&P 500 returns | -2.93% |
| VIX | 63.64 |
| Nikkei 225 (9:31 AM IST) | +0.81 |
| US Financials index | -2.07% |
| ICICI Bank ADR | +0.36% |
| Call rate on 4th | 6.0995 |
| Currency futures (9:31 AM IST) | 49.91 |
- Ila Patnaik on the role of FIIs in the equity market.
- John Cassidy in The New Yorker on Ben Bernanke.
- The SEC seems to be uninterested in obtaining deeper change with credit rating agencies.
- Martin Feldstein and Barry Eichengreen on the challenges before the Euro.
- Richard Lambert on the role of the media.
Ajay,
ReplyDeleteWhat do you think about this, pretty novel, idea on fixing Indian political system
http://bluwiki.com/go/Managetheneta
I remain cautiously bullish on India over medium-long term. Short term there would be volatile movements in markets till May/June 2009. Technically Nifty 1975 looks a Bear Bottom to me. Money like water will finds its way, if India recovers from temporary slowdown, new money is bound to come to equities! Being in Debt now would give 'short term safety but long term pains', whereas starting to invest in Equity may give 'short term pains but long term gains'. Returns immediately after a bear market has been historically much higher than average returns in Equities. This leads me to believe that Equity allocation in 2009 spread over 6 months (Jan-June 2009) would most likely outperform all other asset class returns on 2-3+ year horizon.
ReplyDeletehttp://betweenthelinesin.blogspot.com/