1.RBI's Monetary policy Review on the 19th instant is under sustained and intense LOBBYING from the vested interests,to reduce rates,despite HIGH inflation.
The scenario is bleak, due t the following:-
i)India Inc faces CDR and FCCB problems.
ii)Only a few Indian Cos have the financial strength[Cash Cows].Despite that,they go in for Acquisitions.
iii)Global Trade is weak.
iv)The Budget for 2013/14,is very bad and anti-India.Many avenues for revenue,were ignored.The STIMULI continue,eroding the wealth of Indians,by as much as 300%,
due to high Inflation.
v)PSU Banks have high NPAs
Private banks seem t be involved in ILLEGAL activities,as per Cobrapost online magazine.
vi)Crude Oil IMPORT,which is the MAIN contributor to the adverse CAD,is NOT reduced for the PRIMACY of the US Dollar,even at the cost of a weak Rupee viz-a-viz the US Currency.
vii)In the International level the Banks are reported to continue with massive frauds.
viii)Mid-caps are crashing due to insider trading,as per reports.
Due to the above,except for LOAN-FREE Cos,the intrinsic value of many scrips,is very low.
ix)But "cheap money",.from nations with low or ZERO interest rates, is increasing Inflation in India and also raises the indices.
2.BDI has crossed the 200 DMA but is still too low for comfort.
3.Crude Oil demand is low as per ADNOC.The fair price of Brent Crude ,is about $105 per bbl.
4.US Federal Reserve,is playing cat and mouse with its SUBSIDY[QEs],Any form of SUBSIDY, against the WTO rules. but the poor of the poor Nations,are deprived of subsidies,despite their standard of living being very low.
Hence Gold and Silver are volatile.I bought a small amount of Gold,thus taking advantage of this opportunity.
5.All in all,a crash is due any moment.
The scenario is bleak, due t the following:-
i)India Inc faces CDR and FCCB problems.
ii)Only a few Indian Cos have the financial strength[Cash Cows].Despite that,they go in for Acquisitions.
iii)Global Trade is weak.
iv)The Budget for 2013/14,is very bad and anti-India.Many avenues for revenue,were ignored.The STIMULI continue,eroding the wealth of Indians,by as much as 300%,
due to high Inflation.
v)PSU Banks have high NPAs
Private banks seem t be involved in ILLEGAL activities,as per Cobrapost online magazine.
vi)Crude Oil IMPORT,which is the MAIN contributor to the adverse CAD,is NOT reduced for the PRIMACY of the US Dollar,even at the cost of a weak Rupee viz-a-viz the US Currency.
vii)In the International level the Banks are reported to continue with massive frauds.
viii)Mid-caps are crashing due to insider trading,as per reports.
Due to the above,except for LOAN-FREE Cos,the intrinsic value of many scrips,is very low.
ix)But "cheap money",.from nations with low or ZERO interest rates, is increasing Inflation in India and also raises the indices.
2.BDI has crossed the 200 DMA but is still too low for comfort.
3.Crude Oil demand is low as per ADNOC.The fair price of Brent Crude ,is about $105 per bbl.
4.US Federal Reserve,is playing cat and mouse with its SUBSIDY[QEs],Any form of SUBSIDY, against the WTO rules. but the poor of the poor Nations,are deprived of subsidies,despite their standard of living being very low.
Hence Gold and Silver are volatile.I bought a small amount of Gold,thus taking advantage of this opportunity.
5.All in all,a crash is due any moment.
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