“There is just no money to be made in the market.Its like squeezing blood from a stone.”- broker Ramesh Damani said in an interview
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Linkfest:May 17,2012
Some stuff I am reading today morning:
CBI raids JSW Steel (BusinessLine)
Citi see Rupee @ 60 per $ !! (MoneyControl)
Bangalore startup promises unbiased news (Nytimes)
Speciality Restaurants IPO-Avoid (Mint) & (FirstChoiceIPO)
SEBI Watch:Consent Order against Educomp Solutions (SEBI)
Will Sterling Biotech default on FCCBs today ? (CapitalMind)
How Bruno Iskil lost 2 Billion $ (Felix)
Dad fights for justice against Delhi’s Max Hospital (SuchetaDalal)
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When the going gets tough…
In our parent’s generation, getting a sarkari (government ) job was the ticket to a comfortable life
This changed post 1991 when the winds of economic liberalization shook India
But now, it looks like those times are back.
All participants in India’s equity markets are facing unusual stress.But our regulator SEBI seems do be doing great.
An article in ET states :In its budget for 2012-13, Sebi has put aside around 281 crore for the acquisition of office and residential premises. This amount includes acquisition of new office premises or plot of land in BKC for additional office space in Mumbai, setting up of five local offices at new locations, purchase of flats for senior executives at Mumbai and also the purchase of office space for a northern regional office at New Delhi.
Bottom line: When the going gets tough, the regulator gets moving !!
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Chart:The Greek Unemployment Rate…scary
Unemployment for Greeks is growing by the day…is it any wonder they are revolting?
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What was that again?
“Only one Wall Street CEO’s balls can be in a vise at a time” and right now it’s Jamie Dimon’s turn.-old Wall Street Saying