Monthly Archives: September 2007

US bull market coming to an end: Rakesh Jhunjhunwala

Source: Moneycontrol.com Rakesh Jhunjhunwala, Investor and Trader said that the US housing market is unlikely to bottom in mid-term. He added that US economic growth was unsustainable. According to Jhunjhunwala the bull market in the US had signs of excesses. … Continue reading

Posted in Uncategorized | 1 Comment

Just don't ignore subprime

by Parag Parikh, Narayan Ramachandran and Rakesh Jhunjhunwala Source: ET Even as fears of the US recession cast a cloud over Indian skies, stock markets across the world are waiting to see how adjustable rate mortgage (ARM) repricing would pan … Continue reading

Posted in Uncategorized | 3 Comments

Will the next bubble be in emerging markets?

There is a school of thought which says that the markets have been having one long serial bubble for decades by Manas Chakravarty Now that the great housing bubble in the US is bursting, attention has already shifted to where … Continue reading

Posted in Uncategorized | Leave a comment

Want to know what Rakesh Jhunjhunwala is buying next?

Source: ET – 16th September, 2007 It is 12.30 pm at RaRe Enterprises, Nariman Bhavan. There are five monitors showing more red than blue. The market is facing a blood bath. The Sensex is falling. In the thick of the … Continue reading

Posted in Uncategorized | Leave a comment

Has de-coupling happened?

Source: Business Standard Stock prices come tumbling down in the US, Europe and Asia, but Indian stock prices continue to climb, and the key indices are not far from their all-time highs. The financial and economic news gets from bad … Continue reading

Posted in Uncategorized | Leave a comment

Radhakrishnan Damani: The Return of Mr White & White

Source: ET March 2007: Investors were jettisoning Tata Steel shares on worries the company may end up with too much debt to finance its acquisition of Corus Steel. The stock was down nearly 20% from its high of Rs 519 … Continue reading

Posted in Uncategorized | 16 Comments

BSE Sensex Fair Value Estimates

Click on the image to enlarge

Posted in Uncategorized | 2 Comments

Why active investing doesn’t work

Peter Bernstein writes, “It is a paradox, but nevertheless true that stock prices are so hard to predict because stock prices are themselves predictions of the future.” “But a respect for evidence compels me to incline towards the hypothesis that … Continue reading

Posted in Uncategorized | Leave a comment

Random Musings

Open season Should investors press the sell button when open offers come at a premium to prevailing share prices? A ready reckoner Investment should not dance to market tunes When the bears dare to eat into the capital, hold on … Continue reading

Posted in Uncategorized | Leave a comment