Tuesday, February 24, 2009

Good Morning, Tuesday

As world markets sink on Monday, I will look to sell rallies for intra day trading.

CLSA strategist Christopher Wood had correctly forecast the subprime crisis. He says that Gold is likely to triple in value to $3,500/oz in 2010. You can read all his predictions, Here. Wood sees bad news for Asia in the ongoing collapse in US consumer spending: “Asia needs to realise the US consumer is not going to go back to spending like they have in recent years." Wood’s final prognosis: that he still believes “Asia is the best long-term growth story… If i was putting money into stocks, I would go for China and India”.

Well, what this means is whenever the bear market ends, at whatever level, the next bull market should be interesting.

3 comments:

FINANCE said...

dear sir,
im liestening u on cnbc and reading ur blogs since last 3 yrs and 4-5 months respectively.
sir in todays trade when we came in the mng all markets sentiment was down.
dow end in red and all the asian markets were in red but our market open down and recovered showing the positive sentiment against the rest of world sentiment.
i request u to plz specify and make me understand that y tis happens.

Bikramjeet Singh said...

Good if you believe in Chris Woods. He is the one who has been the most bullish on India. But he is the one who who predicted sensex @ 40000 when we were moving to 20000. Is he eating his words now ? And may be will have to, once again on gold.......... It is better to believe those who do not have a direct interest in rise or fall of an asset class they invest in.

DERIVATIVETREND said...

HI HINANCE
AS YOU SAY THAT MKT RECOVER FROM LOW TODAY BECAUSE OF SHORT COVERING & NOT BECAUSE OF FRESH BUYING, SHORT COVERING HAPPEN DUE TO F&O EXPIRY, LOT SIZE INCREASE IN F&O SIGMENT FROM MARCH SERIES DUE TO THAT NO MUCH ROLLOVER SEEN.

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