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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (28127)	1/22/2008 2:23:11 AM
From: Amark$p	Read Replies (1) \| Respond to of 217654

I generally hate to see a whacking in any country's stock market. However, I am VERY happy that the Indian stock market is getting pounded... Was reading several articles on how Indian investors (mostly urban rather than rural) were lessening their gold holdings and investing in Indian stock market and bragging how much more money they were making in the stock market rather than in gold. With Indians purchasing 21%+ of annual gold supply primarily for the bank accounts around their necks, fingers, and arms, this was not a trend I was comfortable with (i.e. more stocks and less gold)... This 20%+ whacking of the Indian SENSEX (12% today) is welcome news for me..., don't mind SENSEX outperforming world stock markets just as long as it does not outperform gold..., and as much as Indians hate volatility of the gold price, it is especially good news that SENSEX now more volatile than gold... (Now I can go back to worrying about next year's Indian monsoon season. You do not want to be in gold when low rainfall/drought causes those rural Indians to sell their gold for food and self preservation..., that could bring about the same amount of gold on the market as annual central bank gold sales...)

To: TobagoJack who wrote (28127)	1/22/2008 4:40:47 AM
From: elmatador	Read Replies (1) \| Respond to of 217654

Brazil ready to weather market turmoil--CenBank. used the last five years to "do its homework" and clean up public finances, leaving Latin America's largest economy in a better position to endure external shocks. Lets seat on top of the mountain and watch the tigers fight on the valley as comrade Mao used to say. :-) Brazil ready to weather market turmoil--CenBank. BRASILIA, Jan 21 (Reuters) - Brazil's economy is better prepared than ever to weather the current turmoil in global financial markets, Central Bank President Henrique Meirelles said Monday. Meirelles said Brazil used the last five years to "do its homework" and clean up public finances, leaving Latin America's largest economy in a better position to endure external shocks. He also said the central bank was prepared to take preventive action to safeguard the economy, if necessary. Meirelles made the comments as Brazilian stocks and the currency sank in tandem with global financial markets on growing fears that the U.S. economy may be headed for a recession. Brazilian President Luiz Inacio Lula da Silva said Monday he does not see the agitation in markets posing a threat to Brazil's economy. "Obviously we have to be with both eyes open to know what will happen in the U.S. economy and consequently in the world economy... (but) we do not have any reason not to be quiet," he told journalists. Lula also said it is the U.S. government's duty to manage the crisis. "The United States needs to take care of the responsibility to avoid (letting) this crisis widen and possibly lead to a world crisis," Lula said. (Reporting by Isabel Versiani; Writing by Todd Benson and Inae Riveras; Editing by John Picinich)