Goldman Sachs Impact on Stock & Commodity market http://prabhakar-views.blogspot.com/2010/04/goldman-sachs-impact-on-stock-commodity.html
Market correction never inform before they come it almost happen when most of the investor become confident about market, this weekend had many noises and traders would be worried after they saw SGX-Nifty down 70Points. Goldman Sachs, IPL Cricket leading to many storms and IRDA vs. SEBI conflict from Diwali we have been writing this year can be year of negative as many investors after seeing 80% above returns are aggressive to get same kind of returns and it is difficult to give same kind of return. We have been holding only 30% as investment and 70% as cash as we had a lower target of 13,000 in Sensex in this year we can never be right but it is important to avoid mistake. http://akprabhakar.blogspot.com/2010/04/ulips-impact-on-indian-stock-market.html
Nifty is trading in a range of 5200-4800 in last 7months and this Index gives a break-out and corrects 10-12% and again moves up but problem is only Index is doing that, many 2nd and 3rd line stock where many investors are already struck and there is no respite. So I would advise caution if Nifty trades below 5200
Goldman Sachs issue can become more complicated and below I have given so many links with news which would give better insight as there are many aspects, U.K and Germany which are having election can come heavily on GS as many European banks have lost money. Hedge fund regulation and regulating derivative market can lead to commodity correction mainly in Gold, Crude and Copper where speculative activity has been high. On May 1st Berkshire's annual shareholders meeting in Omaha which will be closely watched for Mr. Warren Buffet comment Goldman Sachs Holdings in India http://www.moneycontrol.com/news/business/will-indian-investors-bearbruntgoldman`s-fraud_452273.html
ANALYSIS - Goldman CDO case could be tip of iceberg http://in.reuters.com/article/businessNews/idINIndia-47771020100417
(Reuters) - Prime Minister Gordon Brown said on Sunday he wanted Britain's financial watchdog to investigate U.S. bank Goldman Sachs after it was charged with fraud by U.S. regulators. http://in.reuters.com/article/businessNews/idINIndia-47787420100418
U.S. Treasury Secretary Timothy Geithner said on Sunday he was confident there was enough political unity on Capitol Hill for the U.S. Senate to forge a strong financial regulatory bill despite differences over some parts of it. http://in.reuters.com/article/businessNews/idINIndia-47789120100418
http://www.bloomberg.com/apps/news?pid=20601012&sid=aWZfZMs6CsJo Copper Prices Tumble as SEC Sues Goldman Sachs, Dollar Climbs.
U.K., Germany Pile Pressure on Goldman Sachs After Fraud Suit http://www.bloomberg.com/apps/news?pid=20601087&sid=aE82mhgRJDdI Germany’s financial regulator, Bafin, asked the SEC for details on the suit, a spokesman for Chancellor Angela Merkel said. Politicians that were forced to bail out their banks during the financial crisis are turning on Goldman, which critics say helped caused the turmoil and profited from it. The European Union is also probing Goldman’s role in arranging swaps for Greece that may have masked the country’s budget deficit.
Berkshire's annual shareholders meeting in Omaha on May 1st, it will be interesting to hear what Mr. Warren Buffet has to say about today's developments when he answers questions. Buffett's sterling reputation for integrity is very important to him. http://www.cnbc.com/id/36607263
Goldman Could Trigger Market Correction: Jim Rogers http://www.cnbc.com/id/36616382
BEL, FORTIS, PUNJLLYOD, MCLEODRUSS, MCDOWELL-N, DCHL, TECHM, M&M, DRREDDY, SAIL, TRIVENI, INDIAINFO, RANBAXY, ONGC, CIPLA, MARUTI, KOTAKBANK, RELIANCECAPITAL, ORCHIDCHEM, GRASIM and A.C.C are few F&O stocks which looks weak as per derivative data so caution is advised in short term position.
