Proceeding to a vacation at the year end, I thought I would just put out some year end thoughts and also try to summarize what I thought should happen in various market segments and how it has actually panned out. The year obviously has been an amazing one with most dire predictions going out of […]
Read MoreAs per expectation gold prices have rallied sharply over the last three months before cooling off by around 8-9% over the last few days. As I had written in September, gold had made a very strong technical move as it moved above the USD 970 per ounce level and my view was that this will […]
Read MoreAs all of us know that the US Dollar Index has been continuously losing in value since March 09, which is the time since when the stock markets globally started to rally. The Dollar Index was a relatively unknown entity to the layman till a few weeks back. However due to the persistent talk about […]
Read MoreAs I wrote in a previous note although my fundamental bet is that the next year could be difficult in terms of the percentage return expectations from the markets given the fact that specifically the Indian markets today are trading at around 15x consensus 2011E earnings. However technically the picture is turning much more bullish. […]
Read MoreThe Dubai World debt repayment freeze crisis has hit the world over the last three days and has caused significant damage to the markets over this period. Should this be of any major concern and will it have any lasting impact on the markets, I really do not think so. I think most people have […]
Read MoreOn an overall basis India is set to grow aggressively over the next few years. However there is one segment of the economy which is getting totally mismanaged and there is no emphasis on any structured manner of either improving agricultural production or dealing with issues like drought, excess rain etc. Indian agriculture even after […]
Read MoreOver the last couple of days more than 5 large Chinese banks have filed for raising fresh equity in order to support their balance sheets after a year of break neck lending in which the Chinese banks have set a record on new loans. The magnitude of this fund raising is likely to be very […]
Read MoreThe maximum number of questions I face these days are related to the valuations of the market and the fact that most people are of the opinion that valuations are stretched and thus do not leave too much room for appreciation. My answer to this is that at the first stage of a bull impulse […]
Read MoreOver the last few days there has been lot of debate going on regarding the moves by some countries in trying to control capital inflows. The top most and largest country to do this at this point of time being Brazil. There has also been debate on this issue in India and a number of […]
Read MoreOver the last few days as the corrections unfolded in the equity markets globally the predictors of doom came out and started talking about the reversal of the US Dollar Carry trade and that the USD was likely to bounce back sharply over the next few weeks and months which will lead to a huge […]
Read More