What a move by the US regulator and followed by the European regulator. Great. Now you cannot short sell. However, please remember you can always buy put options and make money. Unless regulators around the world allow free markets to play, there is no cribbing about how the market behaves. If somebody has short sold […]
We love Americans, do we not? We use American branded shoes, cola, potato wafers, we even eat Italian Pizza in an American joint. Then we eat vada pav in another American joint. Then we drink American cola. Then we go to an American hospital, take American medicines to cure ourselves. Recently we have stopped using […]
The heavens are falling!! Heavens are falling!! Such a headlines will surely catch your attention, will it not? Media TRP / clicks are a function of excitement in the market – not a bull run or a bear run. Similarly brokers revenues are a function of frenzied activity by the client. Not just a buy […]
I have had at least 13 calls asking me a simple question: “Should i sell my units in Dsp Merill Lynch?” and “Should I surrender my TATA AIG policy”. Surprisingly the answers to both the questions are a little different. A mutual fund has 2 distinct parts. One is a Trust – which has all […]
So at last the world is telling America a simple thing. You cannot live beyond your means for too long. When they had a huge deficit, they went to war at Afghanistan. Then at Iraq. It does not matter how much money you have – if you burn it fast enough, it will be over! […]
Governments have two major advantages. One they have an unlimited scope for income – agricultural tax, excise duty, service tax, income tax, estate duty, etc. The more worrisome advantage is their ability to print currency notes. Ask Ben Bernanke – he converts coniferous trees into billions of dollars! The worry is for people who lend […]
Over the past 20 years I have dealt with the financial markets. Here I have obviously met all kinds of people – brokers, bankers, owners of brokerage houses, life insurance salesmen, relationship managers, and of course the guy who pays all the bills – the “investor”. Here is a summary of mistakes I have […]