kapspeak

Nail-Biting in Shipping

Very good article!!
But still be very cautious about shipping stock as of this moment.. the rise in BDI seems to be a spike with temporary demand from China!

Let Satyam Go Bankrupt

Govt bailout is the perfect example of throwing good money after bad. Look at the companies which have gone bankrupt in recent past. It always has been due to some wrong bets/moves made by few people in the top management. Look at Lehman, Bear Stearns etc.

We are hearing job losses from almost industry these days...there was a recent news about 10 mln jobs loss in gems and jewellery sector alone and mind you those who lost are paid very little in comparison to 50K+ software engg working in Satyam who can easily manage for few months before landing into a new job..
So Govt. should let the market forces do their job..and let SAY go bankrupt or acquired..