Investing is most intelligent when it is most businesslike - Benjamin Graham (1894-1976)
____________________________________________________________________
Value-Stock-Plus stands at No. 50 in the list of Top 100 Finance Blogs by ValueWiki
Recognised by The Economic Times as one of the most popular financial blog
Updated! Compilation on
Warren Buffett,
Rakesh Jhunjhunwala
& Charlie Munger
____________________________________________________________________
Is it worth listening to market forecasters?
Predicting markets is a favorite pastime for many people. But, in this report, it is proved that listening to market forecasters especially those who appear on business news channels is a futile exercise.
Any comments, please write to toughiee@gmail.com
Click here to download the report.
All indications are that the economy is overheating. But take a closer look, and things do not appear to be so bad.
by Manas Chakravarty - BWI
After four years of sizzling growth, signs of strain have started showing up in the economy. Inflation is well above the comfort zone, real estate prices have shot up and the rupee has recently touched nine-year highs against the dollar. Large parts of the country have to go without power for hours and the country’s creaking infrastructure is clearly finding it difficult to cope with the 9 per cent-plus rates of growth seen in the past couple of years. These signs of overheating have been worrying the Reserve Bank of India, which has been slowly but steadily raising its policy rate and increasing the cash reserve ratio — funds that banks must park with the central bank — in an attempt to arrest the runaway credit growth.
Click here for the full story.
Random Readings:
In his view, 2007 is a defensive year where people want to hide but in the next quarter or so, the more aggressive people will start getting valuations where one can buy stocks, which can give 50% upside on a 12-month basis. However, he feels that one will not find that in blue chips, which are recognized as being stable and secular but in other stocks.
Click here for the full article.
The BSE Sensex is expected to rally once fourth quarter results for FY2007 are declared, as it has in the past.
Investors are eagerly awaiting the 2007 March quarter results, which are expected this month. While it is true that the BSE Sensex has risen, volumes have been disappointing — an indication of the market uncertainty.
But if the past is any guide, investors need not worry too much. During April, July and October 2006 and January 2007, the months when quarterly results were declared, the Sensex rose by 6.8 per cent, 1.6 per cent, 6.2 per cent and 3.3 per cent, respectively.
Click here for the full story.
Labels: Market Overview, Market Strategy
Random Readings:
|
Random Thought:
Labels: Random Readings
India’s equity market infrastructure, touted to have reached global standards with electronic trading, rolling settlements, a growing derivatives market and a smooth clearing and settlement process, has had one major chink in its armour — the absence of a functional securities lending and borrowing system. That lacuna will be remedied this year, thanks to Sebi’s initiatives and a green signal from finance minister P. Chidambaram in this year’s Budget speech.
Click here for the full story.
Click on the image for clearer view
Random Readings:
Labels: Random Readings
The Securities and Exchange Board of India (Sebi) has decided to make a grading of initial public offerings (IPOs) by credit rating agencies mandatory. Numerous experts have expressed concern that grading equity issuances may not be a workable idea, as it is completely different from rating bond issuances. Susan Thomas, assistant professor at Indira Gandhi Institute of Development Research, in Mumbai says, “There is universal consensus that this is a bad idea.”
Click here for the full story.
