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A Lion’s eye on the Bulls and Bears

“In India, companies may fall sick, but promoters rarely do!”

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March 2014

Kangana Ranaut as Queen is Good…real Good

Kangana Ranaut

Saw ‘Queen’ last evening at Inox Nariman Point…enjoyed the Movie

…the Multiplex wore a deserted look on a late Friday evening…A Family Movie outing here for a few hours is worth a Full Petrol Tank which lasts a Week at least !…and don’t be lured by the ‘Refuel’  guys always thrusting all Veg Menus onto you….if you do,just stop at ordering what you really want and don’t be lured by the extra that they will ask you,like which sauce etc…they are extra and cost extra…..and always ask for the Bill and check it and the change ….or else you’re encouraging them to pocket the Monies…and do ask them,if they have not already, to give you the nice imported handy blue packets of ‘Tempo’ ~the hygenic hand tissues…they’re free !

However,this is not about ‘Tempo’ and the Expensive Food & Drinks at the Inox Screens…This is a quick review of ‘Queen’

Kangana Ranaut has excelled in the Lead Role as ‘Rani Mehra’  aka ‘Queen’...moving seamlessly from being Rani from Rajouri to introducing herself as  ‘Myself Queen”  in Europe

It’s a Bold Movie...wonder how it’s screened with a UA rather than A Certification…..or am I out of cue with this Generation…!? shows the darker,sleazy,spicy side of  the Lives that Young Women lead to fend for themselves and their Family…drink,being paid for sex,drugs,smoking and partying at night clubs are all a routine part of their lives….but no judgments or moral sermons in the movie …and that’s the best part

From a Planned Existence to a Liberated One…… Rani Mehra is jilted by Vijay Dhingra ~ a  stereotype possessive ,status conscious,arrogant and selfish Delhi  ‘Mom & Dad’s Boy’ played convincingly by Rajkummar Rao, just before their wedding…..he’s an Engineer in London and  follows her to Paris and Amsterdam after she sends him a mobile pic from Paris of her in a stunning dress….he wants her back….that’s a test of her liberated self….she even hugs him not once but twice in the end for jilting her and which opened out a whole new liberated world for her……she decides to go off for the planned  ‘Honeymoon’ on her own to Paris and Amsterdam…she has always dreamed of Foreign Lands….here she transforms into ‘Queen’ discovering the Existence and Life that Everyday People Live and Let Live and have Fun too….Strangers become  Friends who she accepts and they accept her in return for who they all really are….No Judgements….she discovers her liberated self and that Life is to be lived …influenced by, and I liked the wanton and liberated character that Lisa Haydon plays as, ‘Vijaylakshmi’…lives Life on her Terms…and is basically a good Human Being…The Character of Olexander too leaves a mark read more

Grantham of GMO say the next Bust will be Nothing Like You Have Seen Before !

Jeremy Grantham of GMO say the next Bust will be Nothing Like You Have Seen Before ! ….but before that the Markets will make a New High of another 25% from current Levels

This he asserted in his latest Interview a few days ago in Fortune  ..A Few Weeks back in the New York Times he called the US Fed Chief Janet Yellen “Ignorant”

Some interesting quotes from his Fortune Interview :

  • “…go back to the 1980s and the U.S. had an aggregate debt level of about 1.3 times GDP. Then we had a massive spike over the next two decades to about 3.3 times debt. And GDP over that time period has been slowed. There isn’t any room in that data for the belief that more debt creates growth.”
  • “In the economic crisis after World War I, there was no attempt at intervention or bailouts, and the economy came roaring back. In the S&L crisis, we liquidated the bad banks and their bad real estate bets. Property prices fell, capitalist juices started to flow, and the economy came roaring back. This time around, we did not liquidate the guys who made the bad bets.”
  •  “Higher interest rates would have increased the wealth of savers. Instead, they became collateral damage of Bernanke’s policies. The theory is that lower interest rates are supposed to spur capital spending, right? Then why is capital spending so weak at this stage of the cycle. There is no evidence at all that quantitative easing has boosted capital spending. We have always come roaring back from recessions, even after the mismanaged Great Depression.”
  • “…...the Fed can manipulate stock prices. That’s perhaps the only thing they can do.…… the Fed encourages steady increasing leverage and more asset bubbles….. The Fed gives them(investing professionals) very cheap leverage on the upside, and then bails them out on the downside…..The only ones who have really benefited from QE are hedge fund managers.”
  • “We do think the market is going to go higher because the Fed hasn’t ended its game, and it won’t stop playing until we are in old-fashioned bubble territory and it bursts, which usually happens at two standard deviations from the market’s mean. That would take us to 2,350 on the S&P 500, or roughly 25% from where we are now.”
  • “….. to invest our clients’ money on the basis of speculation being driven by the Fed’s misguided policies doesn’t seem like the best thing to do with our clients’ money…….We invest our clients’ money based on our seven-year prediction. And over the next seven years, we think the market will have negative returns. The next bust will be unlike any other, because the Fed and other centrals banks around the world have taken on all this leverage that was out there and put it on their balance sheets. We have never had this before. Assets are overpriced generally. They will be cheap again. That’s how we will pay for this. It’s going to be very painful for investors.
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    Plan A : NDA Plan B : Hedge if Not !

    Plan A : NDA Plan B : Hedge if Not !

    Sensex & Nifty are at Record Highs past 22000 & near 6600 respectively in this Pre-Election Rally

    Market Veterans are sensing some Overheating

    So as India goes to Vote next Month and May should you also Vote to Protect the Current Value of your Your Medium to Long Term Equity Portfolio by Hedging it and  also Taking Trading Profits off the Table ?

    Just Posted this on the SCRIP STANDPOINT Module on

    Elections : Equity Portfolio Protection Hedging Strategy ~ 24-Mar-2014

    Why Now? ~RBI Dy Governor K C Chakrabarty speaks his Mind on the Banking Rot and seeks to retire a few months early !

    RBI Dy Governor K C Chakrabarty speaks his Mind on the Banking Rot and that Bank Boards suffer from Governance Deficits

    and seeks to retire a few months early for personal reasons and not because he has differences with the Governor !

    Dont’ know you personally Mr Chakrabarty but you are absolutely right for the genesis of the Banking NPA rot is the Discretionary Powers used by the Bank’s Board and Top Management and we must strictly adopt a rules based system rather than one based on principles and discretion

    But Mr Chakrabarty, I am curious to know :

    “It’s easy to express loudly the ills of the banking sector with the benefit of hindsight and when seeking ,after serving 30 years in the Banking Sector ,to demit office after banking hours on April 25,2014 just a few months before you were actually to retire on June 30,2014 for personal reasons as you claim.RBI says you are known to speak out your mind.Why then have you not used your discretion and powers and raised your voice earlier to stop the loans and advances rot that was taking place !?…or was this also for personal reasons !?

    Ironic really, the RBI Governor Mr Raghuram Rajan said he will be speaking to the Finance Minister Mr P Chidambaram on Mr Chakrabarty seeking early retirement…because Mr Chidambaram himself is not seeking to be re-elected in the General Elections and with his son Karthi being given a ticket to stand and who claims his father is not shying away or running scared  but just needs and is taking a break from polls !

    Starbucks to serve Beer & Wine too now in USA…India maybe later!?

    🙂  Soon Starbucks will be serving Beer & Wine after 4 pm ….in USA

    😀 Would that roll out over the years to India too ! giving full meaning to their JV Partners and listed Tata Global Beverages !?

    🙄 Mixed Feelings if this really happens !…as I currently sit right above Starbucks’  first outlet in India in South Mumbai near the BSE and this would probably lead to on increase in the frequency of Clients visiting ! and our Entertainment Costs increasing too ! 😉

    Visualise this……

    Starbucks Cafe & Pub ~”A Glass of Beer,Please” ~”.that will be Rs 750 Sir”~”I don’t want the 👿  Bottle” ~ Sir,the Bottle will be Rs 2500 🙂 ~”Oh!” 😳

    😛 Anyone for Tea or Coffee ….or Beer or Wine ? ….or Tata Global Beverages for the Long Term @ Rs 141 ?

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