Nifty Futures Trading
- Thread starter uasish
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Re: Time to Stick my Neck Out ,Nifty 7300
really? You are happy just because we didn't have a bloodbath...yet.
One has to be insane to be bullish at this point in time (or utterly lazy). With fuel prices at $140+ a barrel, the Indian economy is headed for a crash-landing. Let that be clear.
Right now, India is in a "damned if you do, damned if you don't" kinda situation. If Chidu (fin min of India) raises prices at the pump, inflation is gonna pick up and people will revolt. If he keeps prices where they are, govt coffers are soon going to deplete. No! Govt coffers are also depleted. Basically, India will lose it's credit ratings and interest rates will skyrocket and dollar will devalue...which will be a quick-march towards a 'balance-of-payment' crisis!
I bet Chidambaram is hoping that the left pulls out support so that his govt collapses and he can walk away from all this mess. Later on, he can pontificate, "when I was finance minister, we had a glorious economy...."
At any rate, the poor sap retail investor is going to be screwed from all holes. Assets (stock markets, real estate) are going to drop precipitously, while essentials (food, gas, medicines, interest rates) are going to rise exponentially. There will be blood...of the retail investor and that of the abject poor. Famine will affect large swathes of the population. It is the poor who will be fed to the vultures. Corporations, large and small, will see red on their P/L statements.
Right now, there is a global financial war going on of epic proportions. Fundamental questions like - "can we wean ourselves out of oil?", "is fiat currency a good store of value?", "does globalization really work?", are being asked. Being on the wrong side of the trade when these questions get answered can prove to be very costly.
really? You are happy just because we didn't have a bloodbath...yet.
One has to be insane to be bullish at this point in time (or utterly lazy). With fuel prices at $140+ a barrel, the Indian economy is headed for a crash-landing. Let that be clear.
Right now, India is in a "damned if you do, damned if you don't" kinda situation. If Chidu (fin min of India) raises prices at the pump, inflation is gonna pick up and people will revolt. If he keeps prices where they are, govt coffers are soon going to deplete. No! Govt coffers are also depleted. Basically, India will lose it's credit ratings and interest rates will skyrocket and dollar will devalue...which will be a quick-march towards a 'balance-of-payment' crisis!
I bet Chidambaram is hoping that the left pulls out support so that his govt collapses and he can walk away from all this mess. Later on, he can pontificate, "when I was finance minister, we had a glorious economy...."
At any rate, the poor sap retail investor is going to be screwed from all holes. Assets (stock markets, real estate) are going to drop precipitously, while essentials (food, gas, medicines, interest rates) are going to rise exponentially. There will be blood...of the retail investor and that of the abject poor. Famine will affect large swathes of the population. It is the poor who will be fed to the vultures. Corporations, large and small, will see red on their P/L statements.
Right now, there is a global financial war going on of epic proportions. Fundamental questions like - "can we wean ourselves out of oil?", "is fiat currency a good store of value?", "does globalization really work?", are being asked. Being on the wrong side of the trade when these questions get answered can prove to be very costly.
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