Indian Stocks are rising,but what is the actual reason,as the following are, pointers to a bleak Economic outlook for years to come?
1.The Baltic Dry Index has been falling.
2.Many US Banks are failing,FDIC is bankrupt and many more are expected to follow.
3.Many nations have used the Printing Press liberally.
4.Many European banks are also in great trouble.
The reasons are :
1.OIL IPO commences,on the 7th September,2009.
2.Part of the Stimulus money,is suspected to have been used for manipulating the markets.
3.FIIs were net BUYERS , at least,on 28/8/09.