I just raced through the latest book from Satyajit Das titled “Traders, Guns and Money” and you would think it was a year in review on the global financial markets…WRONG. The book was penned in 2006 and describes his last 25 years in the derivatives market which happens to be what is ailing most investment [...]
Entries Tagged as 'Investing'
Derivatives Deja Vu
April 27th, 2008 · No Comments
DMA…Welcome to India
April 5th, 2008 · 2 Comments
At last the Securities & Exchange Board of India (SEBI) has agreed to allow Direct Market Access (DMA) which will facilitate wire speed Straight Through Processing (STP) on the exchanges. If the previous sentence is as difficult to understand as Kevin Federline’s role in life then you may want to pass on this blog [...]
Tags: India · Investing · Technology
I am Liquid
April 3rd, 2008 · 2 Comments
Although at the moment the financial markets seem okay, there is still an undertone of pessimism. When thinking of the current mess in the markets, one of my favorite quotes that comes to mind is from the movie Boiler Room…
“And best of all kids, I am liquid.” - Jim Young (Ben Affleck)
Unfortunately, that’s [...]
Bear-ly Alive
March 15th, 2008 · No Comments
Bear Sterns the 5th largest investment bank cracked under the credit crisis that is affecting the financial markets, it got help from the Fed and JP Morgan. It started with rumors early this week about “some bank” filing for bankrupty. Then on Wednesday the CEO Alan Schwartz got on CNBC and said “everything was [...]
Emaar IPO yanked
February 8th, 2008 · 1 Comment
In a major ding for the Indian equity markets, the planned IPO for Emaar MGF was withdrawn from the markets on Friday near the close of the market. Emaar MGF had blanketed the country with advertising highlighting all the projects they did, that is Emaar did in Dubai. And that’s the issue, [...]
What is $7.14 Billion?
January 24th, 2008 · No Comments
The amount that Soc Gen should have told analysts was due to write-off’s related to subprime loans. Instead Soc Gen CEO Daniel Bouton insisted the USD 7.14 billion fraud was due to a single trader using “plain vanilla” hedges on European stock-market indexes, whatever.
Personally, if they would have said subprime losses it would have sucked [...]
UnBEARable India
January 22nd, 2008 · No Comments
By now, I’m sure you’ve seen that the Indian markets are getting knee-capped and it ain’t fun. It’s part of the global sell off that is happening as we speak.
When the Sensex opened on Tuesday at 9:55am it was halted within 35 seconds by then the markets fell 10% - which is around 1700 points. [...]
Ambani Power Play
January 5th, 2008 · No Comments
Anil Ambani is at it again with his “unlocking value” theme with his various holdings. Reliance Power when it IPO’s in Feb 2008 will be the largest Indian IPO ever at USD 3 billion. The company will be valued at USD 10 billion when it lists at the upper end of the offering [...]
Flashback Friday
October 19th, 2007 · No Comments
20 years ago today the financial markets saw the largest one-day percentage decline in Dow Jones history, aka Black Monday. I can still remember where I was when I heard the news. I was sitting in the gym of Washington Catholic High School in Washington, Indiana watching the basketball team practice and [...]
Indian Market Update
October 17th, 2007 · No Comments
I was at the gym Tuesday night when the ticker flashed on CNBC-18 - “SEBI issues a report on P-Notes.” My first reaction was “fu!#@$ the markets are going to crash.”
The report by the Securities and Exchange Board of India (SEBI) outlined measure to control the foreign flow of funds into India via P-Notes. [...]
Tags: Investing