Tuesday, March 31, 2009

GM CEO Ric Wagoner shown the way

US president took a harsh step by asking Rick wagoner, CEO of GM to quit from his job citing his inability to negotiate with bond holders to reduce the Debt which GM is under burden of.......This was necessary to get more aid from US Govt. after GM already got assurance for 13.4 billion USD......
Also Chrysler has been given 30 days warning to explore merger with Fiat SpA italy..for better synergies then only itwould get more help from US govt.....

All this signals send the stock markets crashing globally....GM is now under serious threat of bankruptcy......

Friday, March 27, 2009

Will the RALLY last??

Last week was extremely positive for majority of Global Indices ..Fuelled by unexpected positive numbers from US like housing data and rise in consumer demand for consumer durables was one of the main reason which buoyed the DOW which catapulted the indices world over....
Effects wer felt i n Asia also with apna SENSEX breaching the psychologieclly important 10000 mark and more importantly sustaining it ......Similary the broader Nifty also closed around 3100....

But analysts world over are questioning the rationale behind this rally and for how long will it last??
They are saying it as a BMR( BEar market rally) rather than a Bull market rally....but according to many Bear market rally is the fastest way to make money...indian indices gained around 10-12 % this week led by some buoyant performance by Big boys like Reliance, infy, HDFC twins etc.....

With earning season around the corner it remains to be seen whether this rally is sustainable or not?? One thing is for sure...the earnings visisbily of corporate india would improve as compared to Q3 but still it would be mroe on laclusture side......The two year holiday from Fair Accounting practice in Book keeping aka MTM accounting will somewhat nullify the effect caused by volatile Rupee which caused many corporates to suffer FOREX Loss ...

Car sales number have looke frigid till march 25 with not much growth....but for certainly the liquidity situation has improved due to slew of measrues taken by Banks and carrot and stick policy of RBI...still more can be done and Corporate india would be hoping for that in RBI's forthcoming Monetary policy outlook....

many attribut ths week rally to Short Covering ...it truly was a factor but we can't say that markets surged only due to this....FII"s were net buyers well in excess of sold data by III's....

The POWER ful question???

The countdown has already begun...talks of mega alliances, fractured politics are already in air.parties are going out of their way to woo their prospective partners.....But onething is clear this time..it will not be ordinary Coalition elections but will be one huge drama of indian politics......

The two old doyens of indian politics...BJP and INC are both fallig short of partners to form alliance..Secession has creeped within UPA and NDA......For UPA parties like NCP is a dilemma and for BJP it is Shiv Sena.....

UPA has also suffered a major blow in heartland of indian politics..i.e in UP and Bihar which send 120 MP's to parliament......Blame games have begun and Ex M.P CM Mr. Digvijay Singh is being held questionable for tarnishing the prospects of forming pre poll alliance between Congress and SP...Smilarly in Bihar LPY and RVP have joined hands

For BJP the Orissa's CM's party BJD ( Naveen patnaik) has taken a separate route.....

IN Tamil Nadu ....PMK has broken ranks with congress as has Jayalalita's AIADMK.....

The picture is foggy as of yet....There is emergence of THIRD FRONT also..although it remains to be seen for how long parties like BSP , CPI and others can hold the fort together??

For me it should be the Congress? and in Congress the calm SMS ...

please share your opinions??

Friday, March 20, 2009

india scripts Test Win in Newzeland after 33 years

Whts the future of SUN?

will IBM acquire Sun or would it let go of it?? please post your comments...........

Sunday, March 8, 2009

Why no Nobel for mathematics?????

Ever wondered ,why there is no Nobel Prize for math???The answer is really weird.It is because Alfred Nobel(the founder of the prize) was really hurt when he found out that his wife ran away with a mathematician!!Very sad!!!!!

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