Microsoft Chief Executive Steve Ballmer sketched a dire portrait of the world economy on Friday, likening it to market conditions in 1837, 1873, and 1929, each of which involved bank failures, high unemployment, and a depression. You can read the full article here.
His warning of a protracted downturn that could become a depression comes amid a stock market that is down by more than 40 percent from its October 2007 peak, and housing prices in many metro areas that have been falling consistently since July 2006--a feat not equalled since the Great Depression.
"In my view, what we now have will be a fundamental economic reset," he said. "The economy is going to have to re-establish itself at a level of spending that reflects the real value of underlying assets before we can all start growing again at a healthy rate."
My Notes: Pimco's Bill Gross says that a second wave of crisis may be coming. Well, as traders we can only try to go with the market. The current minor trend is UP so traders should be better off staying with the idea of buy on dips.
Sudarshan's Choice
Sponsors
Subscribe To  Posts
Comments
|
Sponsors
Search This Blog
The Key
|
Blog Archive
-
► 2011 (200)
-
► October (28)
- Answers to comments oct31-11
- Process of Consolidation Likely
- Nifty Pattern Targets Reached
- Happy Diwali
- Stock Selection (based upon their historical volat...
- M&M Consolidation
- Niftnear ORB Trade
- A dip in an ongoing up trend
- TATA Motors Life Cycle
- Hindalco touches support
- Mystery of the missing trailing stop
- Nifty Live Oct 12-11
- Point and Figure Charts
- Aiming for a better trade
- Long term view of Nifty
- Zen stories for Traders
- Hero Motor Corp at its support level
- NR 7 in Nifty Weekly Chart
- trading with a gap open
- Silver Pushes against Resistance
- An unusual continuation pattern in the Nifty
- Sudden Rally
- Nifty at 4750
- There is a time to be old and a time to be bold
- Afternoon review
- Nifty - Long Term View
- Higher High - Higher Low pattern in CNX IT
- Bear market shows its strength
-
► September (53)
- The Bear Story
- Nifty in a well defined range
- Morning View Sept 29
- Nifty Options Trade
- Nifty on way to close higher for this F&O settleme...
- Learning Ideas
- Short term trend is up
- Something Better
- A tale of two trades
- Before the Open - Sept 26-11
- Reliance - something better
- Nifty - A long term view
- Adding value to your analysis
-
► October (28)
3 comments:
Gud evening sir!
I see some of the stocks are ready for big down move as per my observation..
1. Is NTPC making bearish HS pattern? If that correct Buying NTPC put option can be considered?
2.Infosys double top formation happened in the chart?
Please advice me...
tahnks,
Madhu hegde
I do not see any reason for wise to be worried as this is a natural phenomenon. Whenever you try to jump the band you are expected to experience jurk which could be small or big. So far budsiness has only addressed the upper or middle layer of economy band. Everyone wanted to play in that band by inventing similar opportunities all over the world in the same band. Unfortunately for them, that band got satuarted and hence this crisis.
In order to revive economy the business needs to cross the band and come to lower but larger population zone. Business is not ready for that and that is why this set-back. Solution is simple, let wise of upper band change themselves and jump into the ocean of lower economy band. Try your luck their wise men, you have your survival there.
is there any chance of 3140 coming
Post a Comment