Europe problem I talked on 15/May/2010 in MSE-Madras Stock Exchange ---- Same kind of problem happened in 1931 and Many European Countries went Bankrupt and many brought Dollar, Gold and U.S Bonds and this put pressure on U.S exports and U.S devalued its currency and the above asset classes gave negative returns at the end Equity gave better returns ….. Now after almost 80years we are in the same condition …. Will European country default even if they don’t we have the same problem again. Indian exports of 20% to the region and equal amount of remittance coming from the European Union short term impact will be higher to India also.
Indian market is refusing to correct and we have seen same kind of situation in 2007 October when all Global market corrected Indian market started to correct only from January 2008 but we corrected more than other market. Problem with correction is Small & Mid cap stock will correct more and faster than general market and these were stock which rallied in last 6months when market was sideways.
Oil from BP's out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said on Monday, as public anger surged over the country's worst environmental disaster.
The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a "second wave" of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.
Oil from BP's out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said on Monday, as public anger surged over the country's worst environmental disaster.
The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a "second wave" of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.
