Simplicity of This Fall !!!
Friends:
Screw all the various views and reasons for why this market is falling and whether this is a bull correction or a bear erection
The simple facts for the current pain, assuming you are all bulls with balls squashed hard:
1. The US has proved that it, and only it can run the world. Interest rate hikes in the US are the only reason why the world's markets are tanking. Rest everything is peripheral. Inflation is key and that too frigging US inflation.
2. I know psychological assualts have taken their toll, because today, for the first time, I heard someone say the Columbian stock market hads crashed 10% and was closed down on circuit. Unusual because we Indians are not even concerned of Karachi.
3. Today's fall of the Nikkei was fueled mainly because Bank of Japan's governor said that before he became governor, he had invested in a mutual fund run by Yoshiaki Murakami, who was last week arrested for insider trading.
Most of inflation depends on oil, and unlike in India where the price of oil is controlled, the US does not have such controls, and consumers get affected immediately by any increases.
Good news is that US inventories of oil is rising, a weak hurricane season is in offing, winter will be mild, Iran may compromise.
Oil appears to be falling! This may be good for the US economy, as the interest rates, used as a hedge for inflation, will not rise.
All eyes on Bernanke. This man will decide the world's markets for the next 6 months.
cheers,
nkpanjiyar
courtesy:R Seth
Friends:
Screw all the various views and reasons for why this market is falling and whether this is a bull correction or a bear erection
The simple facts for the current pain, assuming you are all bulls with balls squashed hard:
1. The US has proved that it, and only it can run the world. Interest rate hikes in the US are the only reason why the world's markets are tanking. Rest everything is peripheral. Inflation is key and that too frigging US inflation.
2. I know psychological assualts have taken their toll, because today, for the first time, I heard someone say the Columbian stock market hads crashed 10% and was closed down on circuit. Unusual because we Indians are not even concerned of Karachi.
3. Today's fall of the Nikkei was fueled mainly because Bank of Japan's governor said that before he became governor, he had invested in a mutual fund run by Yoshiaki Murakami, who was last week arrested for insider trading.
Most of inflation depends on oil, and unlike in India where the price of oil is controlled, the US does not have such controls, and consumers get affected immediately by any increases.
Good news is that US inventories of oil is rising, a weak hurricane season is in offing, winter will be mild, Iran may compromise.
Oil appears to be falling! This may be good for the US economy, as the interest rates, used as a hedge for inflation, will not rise.
All eyes on Bernanke. This man will decide the world's markets for the next 6 months.
cheers,
nkpanjiyar
courtesy:R Seth