Tuesday, 22 November 2011

raging bull

The symbol on wall street where people flock to take snaps and I see a few trying to get under it( literally)to catch the bull by its..........horns:))
Look what it has done to the million world wide.

The peaks and troughs of the Wall street are as bad as an ECG of a patient with a cardiac arrest.This is really a roller coaster that has taken many people running for cover and looking for alternate solutions to create a future.

I fail to understand these pundit who blah blah on Bloomberg TV and Financial times projecting growth and trends that make wild U turns in the exactly opposite directions.These statements are pure projections and people follow them blindly at times.These so called experts have answers to keep you confused as to what and why they projected the trends that ultimately proved wrong.What happens to the monies that get wiped of the computer screen in seconds.

In India its a Black Monday.Sensex dropping 1900 plus points in the past weeks.Why?Euro crisis!!Every one knows.Fuel prices, Struggle in Libya and Syria, Spanish Toledo and Greek debacle?????Obama and his elections are round the corner, will the Dow go up????Japan is hit by an earthquake again will the Dow go down????

Gold goes up due to marriage season demands in India.On one side our gold buying has been valued in terms of earnings as a big bright figure for India and its financial position and on the other hand our fiscal deficit is revised 1 percentage point upwards as a % of GDP.WHAT ON EARTH ARE WE DOING?????????????????????.The rupee at its lowest against the Dollar at 52 is draining many a export import firms.

Imagine a public sector bank announcing in the front page advertisement for unfixed deposits at 8-9% returns for 7-180 days.....but then a small line below says for 100 Million Indian Rupees as the minimum amount only.Interesting!!!!

A handful of smart asses are controlling these avenues and ripping of the rest of the stupid community.The Govt. has no clue.We will never learn.People will still keep putting in Equity.And life goes on..............

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