Paging DUT and others - Stock market
started by Truthbetold3 6 mnths agoFlat
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desichatter posted Re:Paging DUT and others - Stock market on 6 mnths agoGoog tanks again...going >500.
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Good picks to lose money...
IMO, the stock market is extremely fragile...especially the INdian markets. If you are following the news, you would notice that the Indian market perked up upon the consumer nos that came out yesterday. That is premature, at best. Because if you slice the consumer nos, you would see that the biggest component to gain was the fuel/gas stations...mainly due to high gas prices. And luxury goods for the super-rich. The middle class in the US is getting squeezed and this will end up causing the American economy to contract. This will impact Indian cos in a huge way.
Stay away from stock markets at the moment. Something worth noting in today's action. Although the fed said that they are ready to drop interest rates if the economy deteriorates, long term bonds fell (TLT)....that is strange. Basically, it looks like they might be a run on the dollar! So it may be prudent to diversify out of the USD and maybe into Yen or Swiss Franc. It might be a relatively safe bet.
IMO, the stock market is extremely fragile...especially the INdian markets. If you are following the news, you would notice that the Indian market perked up upon the consumer nos that came out yesterday. That is premature, at best. Because if you slice the consumer nos, you would see that the biggest component to gain was the fuel/gas stations...mainly due to high gas prices. And luxury goods for the super-rich. The middle class in the US is getting squeezed and this will end up causing the American economy to contract. This will impact Indian cos in a huge way.
Stay away from stock markets at the moment. Something worth noting in today's action. Although the fed said that they are ready to drop interest rates if the economy deteriorates, long term bonds fell (TLT)....that is strange. Basically, it looks like they might be a run on the dollar! So it may be prudent to diversify out of the USD and maybe into Yen or Swiss Franc. It might be a relatively safe bet.
It's not over. Do you ever short the market?
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LogicGirl
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LogicGirl
LG,
If you mean Indian market based on Dc's analysis, NO. I do not follow Indian market that deeply. I am interested in ADRs.
US market. Yes. Did short it. I thought we have seen the scare in January. What are you seeing in US markets that you feel will take the market down?
Desi,
I see industrial activity chugging along ok. But anecdotal info is dangerous. FEd cheif made some nasty comments today. However, these things are already baked in. Aren't they? I am not trying to argue, I am just trying to understand. Being stubborn is sure way to lose money if objective data points the other way.
If you mean Indian market based on Dc's analysis, NO. I do not follow Indian market that deeply. I am interested in ADRs.
US market. Yes. Did short it. I thought we have seen the scare in January. What are you seeing in US markets that you feel will take the market down?
Desi,
I see industrial activity chugging along ok. But anecdotal info is dangerous. FEd cheif made some nasty comments today. However, these things are already baked in. Aren't they? I am not trying to argue, I am just trying to understand. Being stubborn is sure way to lose money if objective data points the other way.
Thanks TBT..
I think we are about to witness some extreme events in the near future....probably the nationalization of a few ailing banks. That will create panic in the market....I think Gold is reacting to that strongly...
Thanks
www.desichatter.com
I think we are about to witness some extreme events in the near future....probably the nationalization of a few ailing banks. That will create panic in the market....I think Gold is reacting to that strongly...
Thanks
www.desichatter.com
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