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apka
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Joined: 13 Dec 2011
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Post: #976  Posted: Fri Dec 21, 2012 1:17 pm Post subject: |
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| at this height of rally, old news and issues wont effect much ... fresh ones will. |
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psalm
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| Post: #977 Posted: Fri Dec 21, 2012 1:22 pm Post subject: |
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| apka wrote: | | at this height of rally, old news and issues wont effect much ... fresh ones will. |
Cyprus downgrading by S&P is a fresh one....  |
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vinay28
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| Post: #978 Posted: Fri Dec 21, 2012 2:01 pm Post subject: |
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cyprus has largest underground salt mines, in case you are interested.  |
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psalm
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| Post: #979 Posted: Fri Dec 21, 2012 2:07 pm Post subject: |
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| vinay28 wrote: | | cyprus has largest underground salt mines, in case you are interested. |
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pkholla
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Joined: 04 Nov 2010
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| Post: #980 Posted: Fri Dec 21, 2012 2:11 pm Post subject: |
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[quote="psalm"] | chandrujimrc wrote: | | But let's hope that sometime in the future, we'll be like the Chinese economy, slightly bigger enough to move on its own (read de-coupling). |
Sam: (1) Who said Chinese economy big enough? Domestic market is tiny. All export oriented. Europe/ Japan/ US sneezed, China got fever. Poeple are just not buying their toys, kitchen appliances, gizmos, transformers. Thats why aggressively entering emerging markets like India with highly loss making quotes (to kill off our toy mfr, BHEL etc) (2) US will not allow us to de-couple! They want to buy our goods and services with useless dollars, make us deposit the dollars back by buying T-Bills and have been known even to go for assassination of key personnel to keep restive countries quiet! (Example, CIA ta-ta bye-bye to Iran PM Mossadegh? in 1955 led to 25 years of "captive" Shah) |
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apka
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| Post: #981 Posted: Fri Dec 21, 2012 2:20 pm Post subject: |
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| vinay28 wrote: | | cyprus has largest underground salt mines, in case you are interested. |
they must have the saltiest water |
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psalm
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| Post: #982 Posted: Fri Dec 21, 2012 2:22 pm Post subject: |
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[quote="pkholla"] | psalm wrote: | | chandrujimrc wrote: | | But let's hope that sometime in the future, we'll be like the Chinese economy, slightly bigger enough to move on its own (read de-coupling). |
Sam: (1) Who said Chinese economy big enough? Domestic market is tiny. All export oriented. Europe/ Japan/ US sneezed, China got fever. Poeple are just not buying their toys, kitchen appliances, gizmos, transformers. Thats why aggressively entering emerging markets like India with highly loss making quotes (to kill off our toy mfr, BHEL etc) (2) US will not allow us to de-couple! They want to buy our goods and services with useless dollars, make us deposit the dollars back by buying T-Bills and have been known even to go for assassination of key personnel to keep restive countries quiet! (Example, CIA ta-ta bye-bye to Iran PM Mossadegh? in 1955 led to 25 years of "captive" Shah) |
I agree that the domestic consumption is not that great in China....that's not an unusual thing for a developed economy. Does that mean their GDP is less. The consumption will grow as the personal income increases....and yes, they're an export oriented economy. and are very much influenced by the problems in the U.S and Europe. But their dependece on these developed world is getting lesser and lesser. That's why you're not seeing much impact of the European issues on their economy. The problem of their economy comes from within. For example, the property bubble, lack domestic consumption, problems in their debt market and most importantly, political.....but if you look at the Chinese economy in the last 10 years when the Europe and U.S were almost in recession, they still did well.....almost a two digit growth for an economy of that size is a dream.....but yes, they have problems.....which could affect them in the longer run...there is no denying the fact.....By the way, if you look at the chinese stock market.....its almost decoupled....domestic issues do have impact....but lesser impact as compared to markets like Hang Seng or Taiwan.....or to a certain extent India..... |
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psalm
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Joined: 12 Nov 2011
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| Post: #983 Posted: Fri Dec 21, 2012 2:23 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | cyprus has largest underground salt mines, in case you are interested. |
they must have the saltiest water |
No wonder, their market crashed almost 4% yesterday..... |
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psalm
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Joined: 12 Nov 2011
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| Post: #984 Posted: Fri Dec 21, 2012 2:33 pm Post subject: |
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| Market is around 5860 now...after flirting with 5850....Its fine as long as we CLOSE above 5850 levels....but IF we CLOSE below 5850, its better to exit the LONGs, I feel....cos, you never know what will happen on Monday in these circumstances.... |
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chandrujimrc
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Joined: 21 Apr 2009
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| Post: #985 Posted: Fri Dec 21, 2012 2:41 pm Post subject: |
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| The main culprit is slowly recovering but our fellows wanted to suck maximum. |
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pkholla
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Joined: 04 Nov 2010
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| Post: #986 Posted: Fri Dec 21, 2012 2:43 pm Post subject: |
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| psalm wrote: | | domestic consumption is not that great in China....that's not an unusual thing for a developed economy. Does that mean their GDP is less. The consumption will grow as the personal income increases....they're an export oriented economy. and are very much influenced by the problems in the U.S and Europe. But their dependence on these developed world is getting lesser and lesser. That's why you're not seeing much impact of the European issues on their economy. The problem of their economy comes from within. For example, the property bubble, lack domestic consumption, problems in their debt market and most importantly, political.....but if you look at the Chinese economy in the last 10 years they still did well.....almost a two digit growth for an economy of that size is a dream.....but yes, they have problems.....which could affect them in the longer run...By the way, if you look at the chinese stock market.....its almost decoupled....domestic issues do have impact....but lesser impact as compared to markets like Hang Seng or Taiwan.....or to a certain extent India..... |
Sam, thanks as always for detailed analysis |
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vinay28
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Joined: 24 Dec 2010
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| Post: #987 Posted: Fri Dec 21, 2012 2:48 pm Post subject: |
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| chinese economy is much bigger and a huge no. of large firms have set up manufacturing there over last 15 years. Their domestic consumption is also masive e.g. a mere olympics boosted iron and other prices globally. But their own economic data is always manipulated as is their currency. |
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psalm
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| Post: #988 Posted: Fri Dec 21, 2012 2:58 pm Post subject: |
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| vinay28 wrote: | | chinese economy is much bigger and a huge no. of large firms have set up manufacturing there over last 15 years. Their domestic consumption is also masive e.g. a mere olympics boosted iron and other prices globally. But their own economic data is always manipulated as is their currency. |
That's correct....China is considered as a Manufacturing Hub and India is considered as a Services Hub... |
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vinay28
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Joined: 24 Dec 2010
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| Post: #989 Posted: Fri Dec 21, 2012 2:59 pm Post subject: |
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| I feel till NF doesn't close below 5851 or worst case 5835, uptrend is intact. |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #990 Posted: Fri Dec 21, 2012 3:04 pm Post subject: |
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A CLOSE BELOW 5850 ? i dont think so anyways  |
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