When they say that interest rates are about to go up Over the last few weeks i have seen comments from various senior officials of both PSU and Private sector banks commenting on the direction of interest rates and saying that interest rates are likely to move up over the next six months. I am […]
Read MoreI will start this article by quoting what i did at the end of the last one “The genius of investing is recognizing the direction of the trend -not catching the highs and lows” As i say this I will also add that i have been guilty over the last few months of doing something […]
Read MoreI believe that the global stock markets are today at a critical juncture where a call has to be taken whether the US dollar will collapse and fall big time over the next few weeks or will it bounce back from its extremely oversold levels and along with it cause a significant sell off in […]
Read MoreThe index of industrial production data that came out today and showed a growth of 7.8% vis a vis expectations of 2-4% has reduced the downside risks to the markets substantially. There are improving trends in most categories and with improving liquidity and benign interest rates the trend should only accelerate in the months ahead. […]
Read MoreCan the government step up infrastructure investments please As I have been pointing out in most of my articles over the last few weeks the poor monsoons could be a real risk to both economic growth as well as the stock markets in the near term. Monsoons that were around 10-12% deficient till around two […]
Read MoreThe astronomical rise of stock markets all over the world continues with gay abandon, dominated by the “Dollar Carry Trade” as the dollar continuously loses value and given the virtually zero short term rates in the US combined with the extremely low levels of dollar borrowing costs reflected by the Dollar Libor where rates have […]
Read MoreThe banking sector which has been one of the leaders of the current rally in the stock markets was expected to be a strong performer for the current quarter. Although the reported numbers coming out of banks have been pretty good and strong to look at, most analysts and the media has not bothered to […]
Read MoreAfter behaving in a decoupled manner from the beginning of March to the end of the first half of the current year where emerging markets outperformed and moved quite independently than that of western stock markets and outpeformed them significantly, all of a sudden a recoupling in the markets has taken place due to surprisingly […]
Read MoreAs expected the markets sold off subsequent to the Union Budget and that to very aggressively and lost nearly 10% during the course of the last week. In the midst of this the results season has also started with first Infosys coming out with results that beat market consensus. The steady language of the management […]
Read MoreThe much awaited union budget is now out and its impact on the markets in the near term in my view should be on the negative. Subsequent to the Railways budget which came out in the last week and was extremely lacklustre in terms of either improving passenger amenities or boosting railway infrastructure by investing […]
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