I was almost at the rock bottom when I started the day,, but now, after a random talk with Harish and Vishal for just 10 min, I am all excited and pumped up..

I feel so lucky to have such friends around me, all the while!!

Sometimes I wonder, how much longer/further can I go before I snap!!

Green shoots?


This phrase has been coined to describe a possible recovery situation in the economy, and this has been teh driving force behind this bear market rally. Today reports do substantiate the argument against any green shoots and in my opinion, the economy is no way near a sustained recovery phase.

The Conference Board’s sentiment index decreased to 49.3 from a revised 54.8 in May. Economists forecast confidence would rise to 55.3 from 54.9 in the prior month. this low confidence number reflects a weak labor market sentiment and high energy prices. This is a striking contrast to the May number, which clocked in at a (revised) 54.8, well above the expected 42. Equity markets rather obligingly fell in the aftermath of the release. Though tis number is well above the 25 figure in March, it is well below the average figure of 87 during end of recessions.


Shall continue tomorrow..


Markit launched the first global family of sovereign credit default swaps. Well, think about it.. CDS on COMPANIEs (LEHMAN, Bearstearns likes) are balmed to be one of the causes of this current global financial melt down.. Imagine, with the levels of debt that is being raised by the nations, what if, a country goes down because of the speculation over its solvency a,d Credit Default Swaps???