Happy (Indian) Independence Day! If I were a stock, you could have sold me short last week and made a lot of money. 🙂 Seriously. The markets worldwide appear to have stabilized after last week’s wild gyrations. The impetus has been a) short selling ban; and b) purchase of bonds worth nearly 24bil Euros. Most […]
Aw.. What a day.. Again! This morning Europe was down big. DOW down 520, S&P 500 down 52 and NASDAQ 100 down 102. SocGen denied that it is facing any liquidity problem. That didn’t stop European indices going down by 3.0 to 5.5 percentage points Add to European bank and sovereign debt troubles, Bank of […]
This can’t be good (another RED ALERT): The much awaited bounce from extremely oversold conditions has happened yesterday. I was going to say that it might be some sideways action for a couple of weeks and then a slide. May be that’s all the Ben Bounce we are going to get for a while. Brace […]
Following Friday’s (Aug 5) downgrade of US credit rating, S&P is rumored to set France as its next downgrade target. France’s SocGen and UK’s Unicredit are rumored to be on the ‘brink of disaster’ Europe pledged to use the EFSF to buy Italian and Spain bonds. This puts Germany, the only healthy economy in the […]
