Indian Markets: Casino is Open...Beware
Tuesday, April 07, 2009
The Indian and Global equity markets are flying ....up, up and away; Equity markets are supposed to anticipate economic performance which translates into earnings.
Below is a potpourri of articles illuminating the state of the global economy:
Corporate Default Rates...
Less Awful Economy= Good Markets...
Mark to Make Believe...
FASB and Zombie Banks...
Generation of Denial..
Unemployment Statistics...
I take the view of the Appropriation Bill from Congress which says:
Be Prepared for extraordinary crcumstances
While this rally seems to have firm buying I cannot see the light at the end of the tunnel..those that do, please make sure it is not an on-coming train before you proceed.
The charts are no longer friendly...
21 Post Comments:
I'm totally with you on this one, and the articles you have added just affirm my opinion... Anyhow, isn't it really always wiser to be prepared for extraordinary circumstances?
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