brij srivastava

Indian Markets Tuesday Wrap-Up: Markets Make Up for Yesterday's Losses

Manmohan is truly man+mohan in hindi which translate into pleasing to the mind.Its nice to see a market bouncing back on air supply by Manmohan.
Lets wait for Pranab Mukerjee's budget...and if he's still a shade of himself as a FM 25 years back..........but heyyyyy...does it really matter?
US $ is still the staple food for many industries and big contributor to Indian economy..........and is worthless.
Hot gas fired balloon will defintely rise....... wait till the gas runs out.

India: The Bear Case

India creates billionaires overnight.This phenomenon needs a complete scrutiny.The answer lies in pricing of public issues by govt.agencies and also in rampant price rigging by operators (read:promoters).

Has A Global Housing Slowdown Begun? [Housing Tracker]

Your views are on track,but investment in indian realty should be done after seeing this present government out. Invest in india only when there is a government with clear majority.Thats my take on this subject.

Citi's Pandit Skewered

Pandit in india are priests i.e. high class brahmins who are well versed to perform all the necessary hindoo rites, incl.the last rites.

Goldman Sachs: Gasoline Not Driving Oil Price

We dont need a Goldman's paid Murthy to look amazed at oil's prices today. Oil is going through its last leg of commercial use and now there is no choice left but to take a hard look at the outer space i.e. solar energy and other alternate sources.
Any indication by US or Japanese/European/Chin... car manufacturers turn to batteries by a small fraction it will bring boiling oil to cooler climes.

Why I'm Closing India Fund

I totally agree with Trader Mark.

Citigroup: Morgan Stanley's Top Short Idea for 2008

In such situation as Citi is in,any layman would layoff.Morgan Stanley need not pay its analysts to forecast what seems obvious.Short idea is understandable,but what should be the covering up rate?

China Versus India in the Last Two Months

India is the Office and China is the Factory.....thats how the neo-world has evolved.West provides the necessary Capital.

Why China Won't Dump USD Reserves

Damodaran bhaiya,interesting point.But,when i put myself in China's situation,i feel an inside urge to pull out of US treasuries.Decisions have only two results i.e either right or wrong...but safety over-rides all other decision making tools in current situation.Chinese have a right to make a financial decision,lets see how they cope up with it.

Sliding Dollar Turns U.S Into World's Discount Mall

Law of comparative advantage,Mr.Greenberg

Who's Failing Us With Bad Information?

Lift the corporate veil............check all the accounts of employess past and present.I hear that Mr.Prince gets a $40 million parting gift from the Citibank...thats what u call an icing on the cake.

Indian Stock Plunge a Yearly Call

As per Chidambaram's statement in US that there are no more than 30 FII's who issue PN's in India out over 1000 FII's registered and he is on record saying that SEBI had been in touch with those FII's for past 10 days before the media made it public.Business channels which i watched just before openeing of trades were informing public confidently that the markets could crash 10% and then there would be a trading halt for one hour.Then again if there was further fall ,then again the trading would be halted.Markets opened and shut shop within A MINUTE.I find it very creepy.
I wonder why SEBI did not disclose this price sensitive information the moment they got in touch with FII's issuing PN,s.There was a gap of 10 days if we take the Finance Minister,s statement.
There is a loss of over a trillion INR of investor,s wealth.
Now the point i make here is....SEBI's deliberation with 30 odd FII's was on for past 10 days and market did not crash until the media broke the NEWS.One trillion rupee loss and market shutting within a minute of opening after news break shows the role of media in creating a mayhem.My personal view is Finance minister and SEBI were doing routine official work but it is the media who created this panic which lynched hapless traders and investors.In my case I have had enough of so called business channels in india.
Another thing which crosses my mind is that what's the harm in Finance Minister of India asking people to disclose identity...everyone investor in india does that.So whats the big deal?Besides SEBI gave 18 months to wind up incase foreign investors were not willing to oblige.

Merrill Takes $5.5 Billion Write-Down

Sub-prime lending went on unabated for long.No body checked the damage it could pose until it raised its ugly head up.This whole business was so corporatised that no one was willing to blow the whistle.....as everyone in it was well greased to let it go on.....after all it was the depositors money that was being blown ruthlessly.Now shareholders are bearing the brunt.

Are Indian Stocks Getting Too Far Ahead of the Pack?

The mantra is..........weak INR is good for india i.e a stronger $.....We have been fed on this premise since independence.I am not looking outside towards the US,but,am looking inward as to how our policy makers chisel out the rupee.My fingers are crossed,Mr Pandya.

Is the Party Over for Indian Outsourcers?

Is the Party Over for Indian Outsourcers?............. Sir,definitely not.Rather this party seems to be over for the outsourcers who have lately been feasting on cheap indian talent/enterprise.Time to get real now.Strong rupee is what outsourcers need to tackle now,incase they dont wanna do the job themselves.This party will be over when Law of Comparative Advantage is no more relevant....basic economics Mr.Trent.Look for time immemorial,we were told that strong dollar is good for us,even now the effort is on to supress appreciating indian rupee by the indian authorities.Realistic rupee will in turn bring more clarity to this poser of yours.
As far as visa restriction by us authorities is concerned,its more to do with US policies,which is governed by various other factors,some not incidental to main issues.