Market Round-up

Inflation at 2.43%...wasn't it over 12% recently....worries of Anorexia...Deflation

Industrial Production -0.5%...negative for second consecutive month...

RBI is worried that we will not meet growth targets...REALLY...wonder what they will say when GDP print has a 4 and then 3 handle...

Pakistan Unraveling or evolving or whatever....nothing good will come from the current crisis...expect India sovereign risk to ratchet upwards...Rupee weakness will continue...

Bharti Airtel CEO sells entire shareholding....stock sinks...

Mobius says buy equities...pessimism too high in emerging markets...(Mark there are bargains in the Indian realty sector...)

Greenspan says financial crisis is the fault of China and emerging market economies...SocGen's Albert Edwards says Greenspan is either incompetent or criminally insane...

Throwing shoes at Important Hated people has been judged at 18 months per shoe by Iraqi courts...Reporter who threw two shoes at Bush is sent to jail for THREE years...

World Bank says Global output will shrink 1 to 2% in 2009...

And the beat goes on
the beat goes on

Market Comment: Expect this technical rally to continue....everyone expects it to fizzle out..markets hurt the most number whenever possible....