| View previous topic :: View next topic |
| Author |
Nifty View |
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
Post: #5251  Posted: Thu Sep 27, 2012 11:18 am Post subject: |
 |
|
| psalm wrote: | | psalm wrote: | China's Central Bank says to fine tune monetary policy in line with economic situation. Says Current Inflation Trend Is Stable.....A Chinese stimulus in the offing????....  ...let's wait and see... |
The rumour is that China is injecting 180bn yuan into money mkts....look at the asian markets now....in the last hour or so...gone up sharply...but let's see if they'll be able to sustain around the highs...  |
Shanghai had gone up by around 3%....slightly correcting from the highs...there is another rumour is that the SHORTs are getting covered in the Chinese markets due to the week long holidays coming.....Anyway, let's wait for some confirmation...  |
|
| Back to top |
|
 |
|
|
|
doctorshah
White Belt
Joined: 24 Jul 2011
Posts: 95
|
| Post: #5252 Posted: Thu Sep 27, 2012 12:38 pm Post subject: |
|
|
| sam is it that everybody knows the result of QE3 and europe bond purchase so euphoria is not there? |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #5253 Posted: Thu Sep 27, 2012 12:44 pm Post subject: |
|
|
| hysteria is still long way off |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #5254 Posted: Thu Sep 27, 2012 12:51 pm Post subject: |
|
|
| doctorshah wrote: | | sam is it that everybody knows the result of QE3 and europe bond purchase so euphoria is not there? |
Normally, there will be a phase in the market, when Euphoria will rule, Doctor....Euphoria will happen when a peak is nearby......if you think that you're not witnessing any Euphoria, it means that there is still upside left.....Having said that, corrections could happen, but there will be another leg of this rally which could take the market higher than current levels, I feel....Euphoria could happen in that leg, if not now, I feel...
NOTE: Looking at the way the global markets are positioned, I expect some correction. But there are no technicals or fundamentals in front of liquidity.....so, let's wait and see what the next move is... |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #5255 Posted: Thu Sep 27, 2012 4:13 pm Post subject: |
|
|
| sam, liquidity is a result of fundamentals and not the other way around |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #5256 Posted: Thu Sep 27, 2012 4:57 pm Post subject: |
|
|
| vinay28 wrote: | | sam, liquidity is a result of fundamentals and not the other way around |
sounds like direct from the mouth of the bird...gutargoo...gutargoo |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #5257 Posted: Thu Sep 27, 2012 5:13 pm Post subject: |
|
|
|
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #5258 Posted: Thu Sep 27, 2012 5:31 pm Post subject: |
|
|
| vinay28 wrote: | | sam, liquidity is a result of fundamentals and not the other way around |
Its really hard to believe that the liquidity is a result of fundamentals "at this point of time". In and ideal world, that's how the currencies work. Everyone knows that fact. That means if the central banks across the world print the money as per their GDP or fundamentals, then there wont be any problem with QE3 OR QE10. The problem comes when you just print the money without looking at your fundamentals. Its like the spread of fake currencies which might create liquidity and there by increasing the prices and risk appetites. Is it sustainable? Do you think the artificial liquidity prevailing across the world is a result of Fundamentals?....hahaha No. Is it the other way around?...Yes it is. The value of the currency will go down ultimately, which is fundamental. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #5259 Posted: Thu Sep 27, 2012 5:48 pm Post subject: |
|
|
| sam, call them pseudo fundas if you wish! |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #5260 Posted: Thu Sep 27, 2012 6:51 pm Post subject: |
|
|
| Vinay: what Sam is saying is obvious. You think Bernanke or his equivt. in Japan, Europe, India or China or Timbuktoo is taking clues from GDP or GNP or Balance of Payments or Exports or Imports or Current Deficit ? And saying that fundas support printing extra notes upto $ 2.19998823 bn or equivalent? No, they are getting their arms twisted by Obama, Merkel, Hollande, Rajoy, Putin, MMS etc. "Save our banks (and our 'derrieres') today, let tomorrow look after itself". Prakash Holla |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #5261 Posted: Thu Sep 27, 2012 7:45 pm Post subject: |
|
|
| 'Steroids' will be the best word to describe.They give you a false strength and ultimately may kill you. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #5262 Posted: Thu Sep 27, 2012 9:07 pm Post subject: |
|
|
| prakash, lie down and enjoy if you can't avoid a rape and don't complain if you are making money. And, I am not trying to connect the two! |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #5263 Posted: Fri Sep 28, 2012 7:29 am Post subject: |
|
|
SHANGHAI COMPOSITE - CHINA -- what is wrong with it? why did it test 2000 3 days back while the rest of the world is high and running on liquidity ? why is it trying to retest 2008 lows, why are we outperforming chinese market ? what is the fundamental behind it?
It's 10 year chart looks like reliance industries ltd 10 year chart... |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #5264 Posted: Fri Sep 28, 2012 9:23 am Post subject: |
|
|
| apka wrote: | SHANGHAI COMPOSITE - CHINA -- what is wrong with it? why did it test 2000 3 days back while the rest of the world is high and running on liquidity ? why is it trying to retest 2008 lows, why are we outperforming chinese market ? what is the fundamental behind it?
It's 10 year chart looks like reliance industries ltd 10 year chart... |
As every knows global economy is not gonna have any considerable growth in the near future. So, the countries which are dependent on the global macros, will suffer. For example, Chinese economy is very much an export oriented one, unlike India which thrives mostly on domestic consumption. Yesterday, I have read a news item about the GDP downgrade of Brazil by a rating agency. The GDP growth has been cut to around 1.6 from 2.5, I feel. That means the cut by percentage terms is a whopping 35%. Russia which is heavily dependent on crude could suffer in the future, if the global economy slows down. So, all these emerging markets are suffering due the global slowdown. India may feel some heat too. But it could be limited. That's why people are more optimistic about our country even when we're talking about policy paralysis and all. So, even the printing of currency cant help their markets go up beyond a certain extend. Talking about china, they cant even go for larger easing as their inflation is a huge threat. I have read a few articles on people protesting in Chinese provinces due the steep prices of pork which is an essential part of their food. Similarly, China is in a difficult situation now. The performance of their indices is just a reflection of that. I don't have enough knowledge to predict how it is going to perform in the future, but the current situation looks alarming. |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #5265 Posted: Fri Sep 28, 2012 10:32 am Post subject: |
|
|
| Bought a few 5700 PUTs around 70 now....stoploss below 50...looks better than selling Nifty with a 20 or 30 point stoploss..market may find some resistance around 5748-5755 range, I feel....that's why bought PUTs... |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
