tag:blogger.com,1999:blog-5428887342287133460.post8016552355416222097..comments2024-02-17T06:47:40.331-05:00Comments on The Helicopter Economics Investing Guide: Market Meltup in MumbaiNew York Investing meetuphttp://www.blogger.com/profile/11792276533742592397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5428887342287133460.post-22872194618239747192009-05-18T18:26:00.000-04:002009-05-18T18:26:00.000-04:00Just to add to what i posted earlier..
http://www...Just to add to what i posted earlier.. <br />http://www.telegraph.co.uk/news/worldnews/asia/india/5319814/Minority-parties-to-hold-Indias-next-government-to-ransom.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5428887342287133460.post-16504757973730274832009-05-18T15:57:00.000-04:002009-05-18T15:57:00.000-04:00Hi Daryl, I am a keen follower of your blog and at...Hi Daryl, I am a keen follower of your blog and attend the NY Investing seminar to get a different perspective of the market than what i read in the media. I agree with you on some and don't on someother. It's economics and not exact science. So there are multiple explanations to the same phenomana. Anyway, the reason i am writing this is to point out the mistake in the following statement. <br />"The ruling Congress party retained power in the recent elections - a relatively ordinary event."<br />This was an unexpected result. They didn't anticipate such a clear victory. For the last 5 years, the Congress needed support from the communist parties to run the govt. The current prime minister is more for open trade and economy. The communist parties were against opening up the economy. So the economy suffered for the last 2 years. So lot of funds had shorted the futures. With the unexpected happening, they all tried to cover. And that's what the result was. So you analysis is a bit off. Yes, there is a lot of liquidity but that's India. People store their money under the matress or buy gold. But happend in the market has nothing to do with liquidity.Anonymousnoreply@blogger.com