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Stocks
Citi Buys Wachovia
Well, at least the banking operations. Citigroup will absorb up to $42 billion of losses in the deal, with the FDIC covering any remaining losses, the ...
Commentary
Bailout plan: some details are out
Pelosi’s draft of the changes to the US bailout plan are in (thanks to Calculated Risk): $700 billion in two installments, congress can say no if they ...
Commentary
Realty pressure: Rents, Sales and Diwali Prayers
BS: Store rentals suffer 20% fall in 4 months We have seen rentals cooling off by 10 to 20 per cent in the last three to four months,’’ said Ashok Bhasin, ...
Commentary
China says ok to short selling
From Bloomberg: China allows short selling: China’s cabinet agreed to let investors buy shares on credit and sell borrowed stock to help develop ...
Stocks
Funny-mentals : Tata Steel
I got a mail from Ninad today about how Tata Steels standalone figures had an EPS of Rs. 18, but the consolidated figures including Corus, were released later ...
Commentary
Nifty Index EPS growth in Q2 2008-09
I want to look into the October results season and see what the results may bring to us. It’s not good and I know I sound depressing but its better to ...
Commentary
What happens to WaMu CDS?
So Washington Mutual goes belly up. JP Morgan acquires its assets. Meaning, depositors are safe – JPM guarantees them. Loans from WaMu will now be paid ...
General
SoS Update: 6% up, closed Unitech/JP, shorted Nifty calls
Today was expiry so some updates: Closed Unitech position at 130.3. This results in a virtual net profit (from the first trade) of about 1.2 lakh after ...
Commentary
Mark-To-Paulson – A game with loaded dice
Jonathan Weil thinks there’s more to this deal – in terms of a mark-to-market scandal. See “Why Mark-to-Paulson Accounting won’t save ...
Commentary