How do you connect the facts of the bygone week?
1. Advaniji promises to prevail upon The Swiss government and bring back more than Rs.50 lakh crores to India.( The amount stacked in Swiss banks by unscrupulous Indians over the decades is probably much more than 50 lakh crores. In any case, the Indian money stashed away is more than all the monies parked by all the nationals of the world. The money, if brought back to Indian kitty, can run the country for three years!)
2. Sensex advances by nearly 40% in six sessions whereas rest of the markets around the globe are either shaky or plummeting. The senzex has zoomed from a 12 month low to an 18 month high of 11,000+.
3. Recession hits India, jobs lost, merchants wail, construction activity halted, inflation near zero, but the retail prices do not budge. The common man is miserable.
4. Nobody predicted stock markets to rise. FII's are just watching in confusion, MF's do not have surplus funds as they are reeling under redemption pressure. Sensex should have lingered around 8000 during the week, or fallen further down as per fundamental analysts.
5. The turnovers of the index-based scrips are so high, the charts had to show buy signals, and analysts are baffled. They feel the realistic prices should be around 70% of the current values. At every rise, investors are exiting the markets to get some hard needed cash. The index comes down by 150 to 200 points beginning of every session and mysteriously closes around 300 plus points up end of the day.
6.The Sensex surge is happening when American economy is in doldrums, crude is weak, elections are draining away thousands of crores from Indian economy, the investors are scared of the markets, and electors know that no stable government is likely at Center and in most states.
WHO IS BUYING THE INDIAN STOCKS AND WHAT ARE THE REPERCUSSIONS?
My answers:
1. The 50,000 or so who looted the common man in India and deposited the spoils in Swiss banks have sensed Advaniji CAN do what he says. The time has now come for US and Europe to listen to India, more so if there is a strong leadership. US economy is crumbling and they cannot fight terrorism. The world under the leadership of India will soon convince Swiss authorities, and take back their rightful wealth.
2.The money has started to flow back to India from the day of Advani's epoch statement. Even today, the best place to invest the surplus money of the world is in the Indian stock markets. Come what may, the stocks have to double up in 5 years.
3. The real estate prices are less than the official prices, and asking rates are higher than the realistic prices. Gold is already at record high price. Stock markets are the only investment option to their ill-gotten wealth, which if they wait for a few weeks may not be theirs!
4. The money that has flown from Swiss banks to Dalal Street last week may have been only in the order of 50,000 crores. This is not even 1% of the money yet to come.
5. The 1% of our money coming back to the country can jack up the markets by 40%, what if all the money comes back? The trickle of the money will soon become a flood in the coming weeks as the fear psychosis grips these looters.
6. In a few months time, the Indian industry, Indian real estate, Indian agriculture and Indian job markets will all flourish beyond anybody's imaginations. Indian business tycoons will be on a takeover spree of the good units all over the world. Militants and militancy will be uprooted from the Indian soil.
INDIA IS ON ITS WAY TO BECOME A SUPERPOWER FAR EARLIER THAN EXPECTED!
JAI HIND
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