Monday, March 26, 2012

Operation Evil Cat.

Now Bears are going to love this blog. We at wiTdom are predicting that worst is yet to come .After evaluating macro and micro economic situation we feel that economy is still not out of the woods. Problems in Europe have not been resolved but panic is just been delayed by liquidity injection by ECB. Hard landing in China is here to stay being a growth engine of the world any slow down indication is going to jolt the growth of world economy. We expect that by early 2014 all commodity prices and asset prices are going to touch new lows. Any where in end of 2013 we may see new low on stock markets around the world which will be below 2008 lows. Now each one of you know that 13 is evil and cat is going to create lots of pain and anger on living being on earth. American economy is improving and stands at much better poison so our love for dollar still stays intact.
Our view for Nifty and sensex is negative .The New General Anti-Avoidance Rules (GAAR) provisions which will be applicable from April 1 2012, will see large scale selling pressure from Foreign Institutional Investors, with markets still unclear on the impact of the provisions. It may be recalled that Union Budget 2012-13 had provided for GAAR, following the Vodafone Supreme Court verdict in favor of Vodafone. FIIs will sell heavily on fears that the Union Government may raise tax demands as a result of these provisions. It is now believed that P-Notes through which billions of dollars flow into stocks will now be taxed. Any closing below 5160 can take Nifty to low of 4500 if 5080 is breached. We expect lots of selling by Hedge fund community in coming days.

Thanking you
Atul sikrai
Sr Vice President and Head of Equities
wiTdom investment advisory.

Sunday, March 11, 2012

wiT + wisdom = wiTdom

Wit + wisdom = wiTdom
Can you concisely summarize your investment philosophy in a few sentences? My experience is that most people can't. The quotes that follow are diamonds that offer a real powerful education in the world of Risk Management. They have had a profound impact in my life. I pass them along hoping they achieve a similar effect on your investments. Enjoy!

1) "Rule No. 1: Never lose money. Rule No 2: Never forget Rule No. 1." -
2) "Large profits can be made in common stocks. Large losses can be made in common stocks."
3) "A fool and his money are soon parted."
4) "A fool and his money were lucky to get together in the first place."
5) "You should invest in a business that even a fool can run, because someday a fool will."
6) "The key in life is to figure out who to be the bat boy for."
7) "Let Wall Street have a nightmare and the whole country has to help them get back to bed again."
8) "There are two fools in every market. One asks too little, the other asks too much."
9) "The elements of good trading: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance."
10) "That market doesn't care whether you are IN or OUT! With that being the case, my question is who are you competing against? Most people will answer 'everyone else' my response is 'look in the mirror.'
Thanking You
Atul Sikrai
Head Of Equities
wiTdom investment advisory.
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Credit Event

Credit Event:
Greece Default at last it has happened. Thanks God its orderly default and not disorderly default.
This is what financial expert around the world where waiting for and atlast it has come true that Greece is declared bankrupt.
The ISDA said the use of "collective action clauses (CACs) to amend the terms of Greek law governed bonds issued by The Hellenic Republic such that the right of all holders of the Affected Bonds to receive payments has been reduced.” The "credit event" ruling means a maximum of $US3.16 billion of net outstanding Greek credit default swap contracts could be paid out, though the actual amount is likely to be lower because bondholders are not losing all of their original investment .ISDA said the auction will be held to determining the actual payout amounts on March 19.Greece said it would use the newly passed legislation that included the CACs to force private creditors into a bond swap. This follows creditors' voluntary tendering of 85.8 percent of the 177 billion euros in bonds regulated by Greek law. The use of CACs should boost participation to an estimated 95.7 per cent.

Credit default swaps tied to Greek sovereign debt have been triggered.
Dollar is expected to strengthen from here .We expect Dollar Index to resume its up move once again.

Thanking You
Atul Sikrai
Sr Vice President
wiTdom investment advisory

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