Are you really making money?

ratan jain · #41 15th March 2008, 06:44 PM

Quote:

Originally Posted by raosrinivas

Yes Hyderabad,India. If you want apt(no land) in city 50lacs, you could go out of city (borders) and 25lacs. but house with land ,if you don't have a crore, don't even think.

At a crore, all you can afford in mumbai is maybe a small room. A good house , a 2 bedroom flat, in a good locality in mumbai costs around 2.5 cr.....

In cuffe parade area, 2 bedroom flats go between 8 and 12 cr.... nariman point between 12 to 18 cr.....

Just imagine what these guys could do in futures trading with margin money

deepsa52 · #42 15th March 2008, 07:06 PM

Quote:

Originally Posted by ratan jain

Just imagine what these guys could do in futures trading with margin money

Just to make it clear, I am not in the business of Intraday calls. A depression goes through usually for years and eats up peoples wealth and have ups and downs in the middle, mostly downs. See Japan. But this is worse because Japanese are savers and Americans and now Indians are spenders!!

For those of you new to Commodity and Forex trading , its not for everybody, statistics say that 80%-90% of people go broke first year using margins in leveraged trading. That one bad move in the year - wipes out everything.

Never knew house prices were so expensive in Hyderabad. Amazing!!

uasish · #43 16th March 2008, 12:27 AM

Currency / Money Supply ,these are to be Mkt decided ..........than having any regulation ,are we able to handle that.
Reform,that too 100% ,will we be able to cope with it.I have no idea & open ;plz enlighten me.

deepsa52 · #44 16th March 2008, 04:49 AM

I am no economist or an economics expert - just know about enough to get by from the retail investors point of view.

You are right, if markets self regulate supply and demand and financing costs without external manipulation for eg:- for financing a house, there will be less chance of bubbles , recessions.Some economists believe that there are no need for central banks. ( Saw Jim Rogers video ? )

Economics for the Retail investor - NEVER trust the central banks - they are the number one enemies of the retail investor .

ALL bubbles, recessions and even depressions have been caused only by central banks. Recent ones:

- Dot com bubble and bust : Greenspan
- Housing bubble and bust : Greenspan
- Shall I say, the current real estate bubble in India?
- The mother of all meltdowns: Bernanke ( think that is where it is headed now longer term; not talking about tomorrow, saw Bear Sterns news today? , Citi is having some hiccups too, where is Ben's computer, he needs to make more screen money!!! )

In layman's term the function of the central banks is to help out Investment banking firms and financiers by manipulating fake "computer monitor money" at the expense of others, some do it more openly than others.Now what is happening is Bernanke is accepting junk debt instruments and giving out treasury securitities backed by the Govt of US to the wall street firms at your expense - not Just America, at the expense of the entire world.

Would you believe that Greenspan went to Abu Dhabi recently and in a conference asked them to remove their dollar peg and have a strong currency for them?

http://english.aljazeera.net/NR/exer...84E5BF0C60.htm

karvy · #45 16th March 2008, 07:04 AM

The US was slipping politically and now it is sliding economically. But its strength still lies in technology.

Venkat123 · #46 16th March 2008, 07:37 AM

Those guys in hyd better start building bunkers ...

http://www.cnbc.com/id/23651058/site/14081545

From the above link. Bear Sterns has to be sold by Monday morning. If they are not sold, they go bankrupt. If Bear goes bankrupt, then close all stock exchanges, go home and build more bunkers.

For Asian markets, hope Bear Sterns deal is done before markets open in the far east. That's like Sunday 8PM US time. 22 hrs to go. Rumor of a deal almost reached could help a bit ...

deepsa52 · #47 16th March 2008, 07:47 AM

Venkat, I am very happy with my penny stock holdings - being doing relatively well . Penny stocks seem to be stable conservative investments. Really interesting, but not good for health. Used to spend 5 hours a wk in the markets. It has become 25 now.

Too many holes in the titanic..LOL

Did you say slide? Going down as fast as a rock in the pond.

But seriously, it Bear Sterns goes under, this is the death blow for US economy. Hope the brokerages stay afloat for a while.

sujit_76 · #48 16th March 2008, 07:07 PM

Quote:

Originally Posted by deepsa52

Venkat, I am very happy with my penny stock holdings - being doing relatively well . Penny stocks seem to be stable conservative investments. Really interesting, but not good for health. Used to spend 5 hours a wk in the markets. It has become 25 now.

Too many holes in the titanic..LOL

Did you say slide? Going down as fast as a rock in the pond.

But seriously, it Bear Sterns goes under, this is the death blow for US economy. Hope the brokerages stay afloat for a while.

JP MORGAN CHASE will buy it for a throw away price. But these things will keep propping up now and then.
There is 80-90% probability that few US banks will go down.
The entire US Financial system is facing a systemic risk. With rising inflation, increasing number of jobless its not too late before card card defaults start rising in US.
And we all what that will do to the banking system there.

Sentiment is hit and hit pretty badly. I can go on writing but don't have the tenacity to do so.
I have been in the market for the last 14 years and never heard so many bad news ever.

"TOO LATE TO SELL TOO EARLY TO BUY"

deepsa52 · #49 16th March 2008, 08:39 PM

sujit_76, Not sure yet whether JPM is buying it or not. They may cut it up into pieces and buy parts of it, or not buy at all.
If you are investing in the US markets, probably there is still room to go down, think its more the beginning phase than the ending phase. But these index values are just numbers, probably makes sense to price it in gold during times of trouble.

sujit_76 · #50 16th March 2008, 09:05 PM

If BS is not sold by Monday it may have to file for bankruptcy. The reason being its Credit rating has been dropped to just one notch above Junk by S&P. Now counterparty will be willing to trade with BS and that will be it for this 85 year old firm