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Jan 20 2014, 00:00 ET |
, SA News Editor
U.S. Markets Closed.
Martin Luther King Jr. day
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Nonviolence or a Nintendo
“To other countries, I may go as a tourist but to India I come as a pilgrim”, said Martin Luther King, Jr. on his visit to India in 1959. He followed up by saying, “if this age is to survive, it must follow the way of love and nonviolence that Mahatma Gandhi so nobly illustrated in his life”. Such comments from a non Indian leader instill confidence in our philosophies and our fundamental values. In India the two biggest political parties are still using Mahatma Gandhi to win over each other, one saying we have its nama and the other, we follow his karma.
China’s slower 4Q GDP growth rate but better than street would keep the world on tenterhooks. If one looks at the Dec. Steel production, then the apprehension of a drastic slowdown reduces. The growth was despite the production cutbacks enforced due to pollution control norms.
The results of large Indian cos have so far been good. Hind Zinc continued with its par results, though a cut on MIC guidance was a surprise. The discussion over aluminum and steel has heated up looking at Ford’s F150 at Detroit’s Auto expo. The fight between the steel and the aluminum producers will get intense over the next years. Meanwhile, India’s Auto expo (Feb5-11) will give Hero another chance to showcase its individuality after the split with Honda.
Martin Luther King, Jr. did say that we no longer have a choice between violence and nonviolence; it is either nonviolence or nonexistence. The markets could rather say that we give a choice either performs our give out good guidance. If neither, then be ready to face a Nintendo.
20 Jan 2014, 01:07 AM
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