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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (19062)	5/18/2002 2:08:29 AM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hi ild, :0) Are you trying to stir up trouble by asking me a question like ... <<would you invest in India?>> It is Saturday here, the wife has gone to jazz dancing exercise, my trainer exercised me yesterday, it suddenly started raining so my swim is postponed or cancelled, and so let me construct a contrarian case for investing in India (mind you I do not even invest much more than time in China, a creature I pretend to know something about): (a) Largest democracy with lots of disparate interest groups, but overall in the control of some pretty feudal groups; (b) A legal system that has failed to perform as designed, for the past 100 or so years; (c) Full of very intelligent, high IQ, but hard to deal folks (un-PC observation: Silicon Valley crooks sports lots of Indian names); (d) Government supports the stock market and the largest mutual fund is mandated to only go up in price; (e) The country undid Enron, the crooked company, by out-crooking it; (f) The country is front and center on WAT and whatnot, and has 130 mm peaceful Moslems in the process of being stirred up by the Hindus; (g) Oil importer at the mercy of oil exporters; (h) The perhaps slightly less rational, relatively speaking, Pakistanis had prepared to nuke India back in 1999, when Pakistan military was headed by the current Pakistan President; (i) Country is spending precious national resources on nuclear tipped rockets, rocket capable submarines, and aircraft carriers; (j) Even as its consumer market is being swamped by goods from across the border; (k) The population truly believes in that contingency metal with Au as symbol; (l) The country is like the Philippines in government, old-USSR in weapons emphasis, China in population, Argentina in finance, Indonesia in Islam population, feudal Europe in caste system, Caribbean in weather and de-energizing heat, and Israel in security. The contrarian in me says "Buy", and the Chicken Little in me says "Sell". The Jay in me says 'run away like a piggy from slaughter house. Chugs, Jay P.S. to please tell on your decision.