What I read Today on blogs
Double Digit unemployment rates in America. Seven states in the USA have more than 10% unemployed, while the rate for the country reported by the government is 8.1% but a far better approximation is 14.8%.
My Notes: Since we do not have such number for India, it is difficult to say how bad the situation is.
Wage Deflation sets in
Facing a steep drop in revenue, The New York Times Company plans to cut the pay of most employees by 5 percent for nine months, in return for 10 days’ leave, and will lay off 100 people and make other budget cuts, executives said on Thursday.
Paul Krugman writes: Was I being unfair ?
A reader writes in to complain about today's column, in which I compared the supposedly productive activities of financial wizards to the sleight-of-hand of stage magicians. As a magician, he resents being compared to investment bankers.
My Notes: When you listen to the 'advice' of fund managers & brokers on TV, always ask yourelf who benefits the most by following that 'advice'. You may be surprised to realize it is not you!
We're not quite as healthy as we thought we were. Oops.
J.P. Morgan Chase Chief Executive James Dimon said...that March was a little tougher than the first two months of the year....Bank of America...CEO Kenneth Lewis also said that March had been a tougher month for his bank. [Convenient that they decided to dump this information on Friday afternoon, and at the close of a very good week].
Readers may recall that a few weeks ago, those two CEOs---along with Citi's Vikram Pandit---said the first two months of the year had been very good:
Contractions: Roubini is not bullish. He thinks US stocks will continue to fall (and that the current rally is but a passing phenomenon), US banks (including some major ones) will fail, and the economy will continue to deteriorate through the end of 2009.
Green Energy:
After several gloomy months, experts say that the stimulus package is beginning — just beginning — to revive interest in wind and solar power.
My Notes: Suzlon is a wind power company. Track it.
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Mustafa, thanks for your help. I did manage to put the subscription links for posts and comments in the right sidebar. If you can write a brief comment on how to use RSS readers to enhance your blogging experience, most readers will benefit. Thanks, again.
July 2 2010
4 weeks ago
Posts
5 comments:
Tomorrow might be interesting day,we may get 60 point dip,our investors will start buy that dip and end of the day wee will be in green.
People become too bullish instead of negative fundamentals.Next week might be very interesting.
Market is the decider.
i 100 % agree with u but with some side differ as i read on various blogs al articals are set for bearish tone in international mkt due to fator u mentions earlier, but as for as our mkt concerns as put call ration is even also at very high lavels as there are 3.26 crore put writting copare to at a lavel of 1.69 crore in call which denotes smart people write now interested only on upside a real dwwn side may come when nifty breaks 2915 range then that writters come to cover their position till that its ok to just do day trades with smaller time frame in bearish stocks with berish breako ut what u says sir
Dear Sudarshanji,
Thank you for incorporating Feeds for Blog posts and comments.
I will be really happy to share some links for How to Use Readers and their benefits in Browsing thru blogs and websites.
Since I use Google Reader to stay informed, I am putting a few links for that. The features and functions in other RSS Readers are more or less similar.
(1) Getting started with Google Reader
http://www.google.com/support/reader/bin/answer.py?answer=113517
(2) Google Reader Help Videos
http://www.youtube.com/GoogleReaderHelp
(3) Top 10 Windows RSS Feed Readers and News Aggregators (Nice Article from About.com)
http://email.about.com/od/rssreaderswin/tp/top_rss_windows.htm
Hope this will help most blog readers to automate their web surfing habits.
Thanks you sir once again.
Dear Sudarshan ji,
I have learnt a lot of TA from your posts.Based on this,I looked at the HDFC charts and it seems that the stock has formed a bearish engulfing pattern,at the top of the rally and has closed below the trendline of the rally.The F&O data seems to suggest fresh short positions.Can we safely assume that this is a shorting opportunity?
Please do answer this,as this will be of great help in furthering my knowledge of TA,of which I am a humble student.
Looking forward to your support.
Karthik
Hello sir,
Thank you very much for putting up the subscription links. Infact i had suggested to you long back that you do so. And not only this,you should also enable Feedburner, so that people will get the posts in their mailbox (full or just the title with a couple of lines ,as per your choice). This will help specially when you write early morning posts at times, like this past monday morning, which if readers get in their mailbox, the message is communicated much faster.
I have put together two posts detailing how to subscribe to RSS feeds as well as how to enable subscription by email using feedburner.
http://knowthyanswer.blogspot.com/2009/03/how-to-add-rss-feed-to-feed-reader.html
http://knowthyanswer.blogspot.com/2009/03/how-to-set-up-feedburner-email-feed.html
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