Things to ponder...

1) how come all major index based IT stocks declared bonus together...

2) why when cement prices instead of going down went up 10 days back & not even a whisper from Nathu

3) why fii genuinely sold 8K cr in april in futures & we were touching new highs & when in may the sold 7Kcr in cash & bought the same in derivatives our markets tanked ????

4) why on down days cnbc brings doomsdayer firangs, bad monsoon, high inflation & on up days make them dissapear & brings up mittals marriage or ambanis dream projects or +ve analysts on up days...

5) why the FM came to comment correction everytime market had a hiccup on 12K levels & suddenly no comments, Mr. FM how about your views now, when the poor retailers & mob needs your voice ???

6) Why does sebi always find the peaks to investigate certain FIIs & give no clarifications & suddenly dissapear as if nothing happened when the markets have tanked ?

7) Why does mark faber come again & again when the markets are about to tank ??

8)Why does interest rates hike / fuel high prices / cement price increase issue etc be debated when we are spiralling down & media pretend they are absent & give least media attention when market on uptrend...

9) Does no offical people see how RIL / ONGC etc are used to hold or drop the markets, how about seeing who pulled or pushed them suddenly in 10 mins ? infact are they blind in seeing that journey from 11K to the top was just because of these daddies ???

10) Why do CNBC guys & gals keep saying fair enuf when its not fair ???

lol...seriously everyone turns a blind eye even though they know whats going on, we indian when we give up this Hotaa hai chaltaa hai attitude, then will India truely shine...

WASHINGTON (AP) -- A former government attorney told Congress on Wednesday that he was fired for investigating a hedge fund too aggressively and said law enforcement is failing in its duty to protect investors in the growing hedge fund industry.



Gary J. Aguirre told Congress today that he was blocked by superiors when he tried to question a prominent Wall Street executive during a hedge fund investigation.

Gary Aguirre, who led the Securities and Exchange Commission's investigation of a major hedge fund for possible insider trading, was fired from his job by the SEC last summer. Aguirre says he was blocked by superiors when he tried to question a prominent Wall Street executive in the probe of Pequot Capital Management Inc.

Aguirre, who spoke at a hearing of the Senate Judiciary Committee, also said the SEC had told him he would risk violating the law by testifying on the matter because details of a pending investigation could be made public.

"Fixing the SEC so it can protect investors and capital markets from hedge fund abuse will not be an easy task," Aguirre said in testimony submitted for the hearing. "Powerful interests want the SEC to stay just the way it is or, better yet, to become even weaker."

Powerful Wall Street investment banks "stopped the hedge fund investigation I was assigned to conduct," Aguirre charged. "They cost me my job."


Attorney General Richard Blumenthal of Connecticut urged the senators to regulate hedge funds, the high-risk investment pools that traditionally served the very wealthy but are increasingly luring ordinary investors.

A federal appeals court decision Friday that overturned the SEC's new regulation of hedge funds has left them in "a regulatory black hole," Blumenthal testified at Wednesday's hearing.

"Federal action is profoundly preferable ... but the states must fill the void if Congress fails to act," he said.

Hedge funds have become more popular with small investors in recent years. Today thousands of hedge funds in the United States command trillions of dollars in assets and leave a wide footprint in the financial markets. They are believed to account for as much as 20 percent of all U.S. stock trading.

At the same time, SEC regulators have seen an upswing in fraud among hedge funds, and the agency has been bringing more enforcement cases against them -- charging fund managers with defrauding investors of a total exceeding $1 billion in the last five years.

In addition to Aguirre's allegations, the Judiciary Committee also is examining the case of Demetrios Anifantis, a former employee of a research firm, who has accused the firm of colluding with its hedge fund clients to issue biased research reports on companies. Anifantis was fired from his job at Camelback Research Alliance, which now is called Gradient Analytics Inc.

Aguirre says his firing by the SEC last September was related to his efforts to take testimony in the Pequot probe from John Mack, the chief executive of investment house Morgan Stanley (NASDAQ:MNDX) Inc. Mack, a longtime investor in Pequot and a friend of its founder, served briefly last year as the hedge fund's chairman.

No charges have been brought against Pequot, a hedge fund with some $6.5 billion in assets that is overseen by Arthur Samberg, a well-known money manager and philanthropist.