On Black Monday, October 19, 1987, as the legend goes, someone informed Warren Buffett about the unprecedent drop of the Market, the Oracle of Omaha just shrugged his shoulder and continued reading some companies' annaul report.
I hope I can achieve that kind of peaceful mind someday. But Scott did a good job to turn me into some Weekend Worrier. :)
While catching up on the news is merely depressing to the citizen who has no stocks, it is a dangerous habit for investor . You can be the world's greatest expert on balance sheets or p/e ratios, but without faith, you will tend to believe the negative headlines. -- Peter Lynch
Re: Re : A Summer of Market Discontent?
back2basicz
5/17/2011 2:34:01 PM
Yalanand,
The Indian Economy is too small to make a significant dent in Global Growth Figures.
The other problem is that Inflation is an even more serious concern in India than in China.
India now has Double Digit Inflation every year for 4 years straight!!!
Gasoline costs over USD 6/Gallon there Now!!![And still the Govt owned Oil Companies are losing Money because of Subsidies on other refined products]
Regards
Ashish.
Funny how so much is tied up with China...
back2basicz
5/17/2011 2:27:22 PM
Scott,
Its really fascinating to watch how much is tied up with China.
So many investors have extremely high expectations about China ;that when the whole Chinese Growth miracle bubble bursts(thanks to Construction and Real Estate going down the drain taking Entire Banks with them);its going to be all over for the Global Economy.
We had 4 Engines
1)USA
2)Europe
3) China
4) Asia-Pacific and Latin America.
We lost Europe a long time back,USA and China are also about to give way very soon...
It really is time to Sell in May and Go away!!!
Regards
Ashish.
Re : A Summer of Market Discontent?
yalanand
5/17/2011 1:55:11 PM
Scott,
Thanks for alerting all of the investor community. What do you think of Indian economy, do you think its also overheated like Chinese economy or it will show resilience ?
Scott,
The US national debt is the one that concerns me the most. With the way politicians behave, I just don't see them finding a way to solve problems that they've all contributed to over many years.A
And if anyone thinks the US economy is getting better, here is some data they should take a good look at:
http://thefinancialbrand.com/18151/google-consumer-financial-trends/
Chaos
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