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Author: Raoji
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Marc Faber’s latest speech
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Linkfest:Aug 23, 2012
Some stuff I am reading today morning:
Mangalore airport still unsafe (Mint)
New rules for India’s borrowers (WSJ)
How you could be stuck in your mutual fund forever (FirstPost)
Introducing Screener.in (DalalStreet)
Hewlett Packard Truth Serum Call (JeffMatthews)
Time to friend Facebook (AswathDamodaran)
Stuff Warren Buffett doesn’t do (ClimateerInvesting)
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Gurgaon Got Telent
(Hattip SatanBhagat)
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A tale of two indices
The US S&P 500 is hitting four year highs while the Shanghai Composite Index is close to its 2009 lows.
So for all the talk of global coupling, we have very very different outcomes for the stock indices of two of the biggest economies of the world.
Another interesting fact is that most US fund managers looked at the Shanghai composite as a leading indicator for their own markets.
Just goes to show that all indicators work for a while and then they stop working.The trick is to know when !!