Thursday, January 17, 2008

Market

Friends,
Yesterday was a recovery day...
Many would think that even after almost 400 points down how can I write a recovery day?
But market recovered from the low of 670 odd points and remained close by 380 points.
That is known a recovery...because on day before yesterday, market didn't recover till the end and when such thing happens it means that market will still go down next day in morning which happened yesterday.......
Market is looking good.Fundamentals are still in place.No need to worry.
Only those having levearaged position will have to think about correction.One have invested has not to get perturbed.
According to my opinion,US Subprime debacle will end by next qr.I have no doubt that US economy will again become good in next 1-2 qrs....
The election is coming by the end of the year in USA and hence I am seeing a very good runup in US market as well, where Dow can touch even, 16k to 17k figure........
Most of loss in Subprime Issue is made up by selling minor stake to Chinese Finance institution and Gulf countries investors......
Overall market is looking good upto Budget....Stay invested....

9 comments:

  1. Hi Rajeev,

    Can you please give me your views on JK Lakshmi Cement and Godrej Industries?



    Have read that these two stocks are good and will give good returns to long term investors.



    I think Netlink Finnocorp (one of your earlier reco's) has a holding in JK Lakshmi Cements.



    Wish you all good things in your stay in the US. May God bless you.



    Regards

    Raja

    PS: I used to write to you in MMB with the same name.

    ReplyDelete
  2. Rajeev,
    what is your opinion on Chowgule Steamship ltd which is developing port in jaigad maharastra to be completed by 2011 and Kohinoor Broadcasting corporation which is in Media space

    Prashanth

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  3. Hi raja,
    Ofcourse JK Lakshmi and Godrej Ind are looking good.
    I track both of them and they both seems to be a buy at this rate but remember to hold it for a year atleast for any return.It mayu happen that both may not run now...
    More bullish on Godrej Ind..

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  4. Prashant,
    Yes, Chowgule Steam and Kohinoor Broadcasting corporation both are looking good.
    Seems they can give good returns from hereon.
    You can buy both of them.
    I track both...

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  5. Hello Rajeev Sir good morning. Sir myself manoj here i got several times ur guidance on MMB remember last time it was on Kalindee..?
    Sir I saw ur reccomendation JCT. Since I lost almost of my capital in FNO will try to enter around 16 t0 20 levels in JCT.
    Any new list to buy in current fall? and also comment for kalindee?

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  6. Hi Rajeev

    with complete appreciation to your analysis, trying to understand rational behind it. When you say US market will not slide into recession.

    The major FIs have already faced 200+ billion dollors loss. Housing sector has crippled in Bond market and now its turn of hedging with credit risk instruments becominf futile. That would either mean Govt. giving out more money , which its already doing, and public spending less.

    The next immediate shivers would be immediatly felt in economies like that of Singapore, HongKong, Japan etc.

    China and India might be delayed but we also stand in queue. The rippling effect need to traversed through Housing -> Finance Secor -> Manufacturing. Most of the companies who have expended in past or are expanding now still depends on FII/FDI. As soon as the credit crunch becomes more evident, we will have banks declining to give cash too.

    would sure like to discuss more about it.

    -Raj
    BTW: I am 100% invested in Indian market as of now.

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  7. i want to ask
    1. why market fall so heavily today, any negatives?
    2. what is the short and medium term view of the market?
    My view:
    1.because of REPL and Futura IPO short term liqudity problem.
    2. may go dwn till 17100 in ST till REPL IPO list 7 feb. after that again nonstop 28000 till dec. (as said by Rajeev).

    Your views are invited.

    Ahmed

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  8. Dear Rajeev,
    I am waiting for ur mail from morning.

    thnax

    Ahmed

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  9. Hi Raj,
    Well,to the best of my knowledge the amt of Sub Prime debacle in USA is around $300bn and that is at all not a big amt.
    One of my friend in USA told me that the Bonus and Perks and commissions that Top managerial cadre gets is as good as $45 bn....
    Now if the perks and commission amt is $45 bn then what is $300 bn mean....it is just peanuts....
    Raj, I am sure US economy is bound to be on track within 6 months time and we will see Dow making new highs...

    ReplyDelete