iCharts Discussions

[pkholla]

It is evident that the Gurumurthy who went hammer and tongs at Reliance has not lost an iota of his writing skills.
What a pity that our pseculiars, instead of wasting time writing 10 lakh tweets about Modi, havent sat down and thought about improving the economy!
Instead, as LS poll nears, we will have more and more pandering to the basest instincts of the lowest of the junta. Re 1 rice , free power, farm loan waiver for < 1 acre holding, beating up SBI AGM for demanding "poor" pay back loans, etc
What a shame that thoughtless and mindless imports of Chinese junk (capital goods/ toys/ cloth/ silk all of poorest quality) has only wakened their feral instincts and they are going for India's jugular with support from Paki, B'desh and orchestra!
"We would rather be pseculiar, shameless and poor instead of practical and prosperous"
Jai Hind, Prakash Holla

[vinay28]

the dilemna MMS has is whether to tackle mandi or modi.

[saurabhkurichh]

there ia another write up in his website named "corruption to loot "

[rk_a2003]

Rupee depreciation registered a record high one day fall in absolute terms; Though MMM anticipated these levels well ahead of anyone else,the pace of depreciation is quite surprising and Forex market must be discounting forthcoming QE tapering effect.

Whole lot of emerging market currencies too experiencing the same fate with a varied degree. Rupee is consistently occupying first rank among them in this fall.

However one can start accumulation of good quality stocks from here( Start with a small quantity ) onwards keep accumulating till 65, even in case it reaches 67 due to inertia. At a later stage rupee must come down.

The real value of rupee as per Big Mac index which is based on purchasing-power parity (PPP) is much…much…higher than the current level…..Around 20 rupees per US $. Indian rupee is the most undervalued currency in the world as of now.

Have a look at the over and under valuation chart based in Big Mac Index PPP as of July 2013.

[vinay28]

The Wal-Mart Indicator
Signals an Economic Collapse

In case you missed it this week, retail giant Wal-Mart cut its full-year profit forecast after its second-quarter numbers came in below analysts' expectations. But really, what did you expect? An average economic growth rate of 1.4% in the first and second quarters of this year is not going to produce robust retail sales … no matter what spin sour-puss Obama Press Secretary Jay Carney may put on this anemic economy.

But things may be worse than that.

As Howard Davidowitz, chairman of retail consultant Davidowitz & Associates, stated this week: “Wal-Mart didn't suddenly become stupid. ... The economy is in a state of collapse. That's what's going on."

He may be on to something.

As was reported on CNBC this week, we’ve now seen the same technical pattern that predicted all of the large stock market drops over the last 30 years. It’s called the Hindenburg Omen, and it signals an imminent crash, much like the one that befell the iconic German zeppelin in 1937.

What’s particularly interesting to note is that there has never been a significant market sell-off since 1980 without a Hindenburg Omen. Never.

A little known fact about the Hindenburg disaster is that the survivors of the crash outnumbered the victims. One hopes that the same calculus applies to investors and businesses in the Obama economy.

Jim Signorile
Managing Editor, The Sovereign Investor

[pkholla]

In England they are openly honest with public
In USA rules force companies to be honest with public (except those owned by KIKEs)
In India ......

Example: Stephenson Shipping, UK closed shop after 300 years. Not even Napoleon, 2 world wars frightened them. But they say current down turn so bad doesnt look like recovery in freight rates possible in near future, so better to fold your cards

Example: KIKE called Greene: "vultured/ coyoted" AIG, Government took over 85% (?) of shares, nursed back to health (daughter allowed to remain on compassionate grounds). What does KIKE do? Copies Bevda, thats what, "rights of shareholders have been violated"!!!

Example: Totally shameless bevda/ F1/ crashed pilot/ daily booze party in B'lore farmhouse/ cheezecake/ calendars/ Loyal employees have not been paid for 9 months. Files suit because his lenders have insulted him! Bechara

[rk_a2003]

Flash News:The number of Americans filing new claims for unemployment benefits rose last week.

Do you think American and Global markets will go down responding to this bad news? You are grossly mistaken, contrarily they may go up.

Fed minutes said they will start QE tapering soon provided the fundamental recovery in US Economy is intact. This news may make fed to differ their QE tapering….Bingo the steroid dose may continue for some more time. This can lead to a short covering and may lead to a small rally in global markets including India.

Rupee also may come down for a breif period and Indian markets too may participate in the rally. Today’s short covering rally could well be the beginning. (It seems that the market makers are aware of this US data).

Tighten your belts….though there is no guarantee of deferment/postponement of QE tapering.

[vinay28]

[pkholla]

[rk_a2003]

[rk_a2003]

IT stocks correction? Will it happen now?

Possibility cannot be ruled out because of rupee sharp appreciation day before. But I don’t think that will happen at this point of time. Institutes may chose a later time for the distribution of IT stocks, once rupee strengthens and stabilizes at a level and still look for further strength. Then all the negative news may flow in and occupy banner headlines for IT companies.

At present woes of rupee not yet withered away, some analysts are expecting 70 levels too for Rupee. Exact QE tapering and final withdrawal of it may push rupee to its limits. When it is going to happen exactly? We don’t know (But Institutes might be aware of it).

For pumping up or dumping down or even for distribution they want least resistance path. That’s why they synchronize their actions with exact news flows (as a Trader/Investor your edge lies in catching the possible events a little advance through your analysis).

Electricity and Institutes chose the least resistant path that is available to flow or to act. You should be able to figure out a little advance what could be that least resistant path for them among the multiple paths that are available at a given point of time and then synchronize your TA skills to trade to take most advantage out of it. Their lies your edge.

The bottom line is IT stocks rallied a lot and at present they are displaying their strength derived from weak rupee. In my opinion except rupee strength fundamentals are changing fast against them (due to recent acts introduced in US, this is no secret ….most of the news trackers knew it.).Now the question is what is the possible time? That Institutes chose to distribute them and dump them for a later accumulation.

I feel that time not yet come which warrant a substantial correction in them.

[vinay28]

have a look at this

https://www.youtube.com/watch?v=0CofEbxtIxI

[rk_a2003]

[rk_a2003]

Syrian war threat…. Crude rocketing up.US $ getting more and more strength .World markets correction....QE tapering and withdrawal...Further muscle building for US $.

The world absorbs the trillion $ QE infusion made by US in to it's system, since to the extent which US $ was weakened due to huge paper printing is recovered finally with QE tapering, war threat and petro $ strengthening.

Mission accomplished ......Throw your crisis on to the people of the world; again US is strong and invincible (which was at the brink of system collapse during subprime crisis) and ready to pounce the world again with another economic catastrophe….Hail America….

[apka]

The real attribution is that without a real growth, but after being promoted by way of extra printed money and still ongoing... the currency of US$ should have dropped in value as per paper work. However, the valuation of other currencies are so less, it doesn't even matter if in real US prints more $.

It shows the real confidence which the buyers have at this moment of time in different country's economy and ability to recover in comparison to the US. We are far, far from having the buyers interest.