Stay in cash, because I intuit that something BIG is heading our way. After all these years following markets, sometimes I have the feeling that I’ve seen everything. But not this time. Hey, would you believe the Dow could go down 14 out of 16 sessions, and people would still be complacent? There are so many potentially bearish scenarios in the wind that my head is spinning.-said veteran Dow Theory newsletter editor Richard Russell
‘In our country if we combine diesel, kerosene and LPG Rs1,90,000 crore is the amount of subsidy given. The budget of the entire rural development and drinking water ministries in comparison is Rs99,000 crore. What kind of a country is this?Taxes had to be imposed on sale of petrol so that development work could be carried out in the country. Where does the tax go? Where does the money come for NREGA? Where does the money come for Prime Minister’s Gramin Sadak Yojana? It comes from taxes,’ said rural development minister Jairam Ramesh
“In good times everyone invests, in adverse times does none
To the wise one who invests in bad times, wealth should come”says India’s best mutual fund manager Prashant Jain of HDFC Mutual Fund
“Many novice pedestrian traders focus on the next position. Consistently success traders focus on the process and care little about the outcome of the next trade. The distinction is enormous.”
–blogged Peter Brandt
Over the last two years, India has been inflating at roughly 10% per annum. The dollar has been inflating at roughly 2% per annum. So, it is only natural that the exchange rate will depreciate; the nominal exchange rate which is correcting from the fact that the rupee has been losing value faster than the dollar. By my own calculation compared to two years ago to now, say two years ago Rs 44-45 now I would have expected it to be between Rs 51-54, roughly in that range-Kaushik Basu, Chief Economic Advisor to GoI said in an interview