Latest Entries »

Europe under Fire by Fitch & Facebook All set too Fire

Filed under: Market - Outlook, Financial Crisis, Economies — Leave a comment
January 28, 2012

http://sandyyadav.comThe dark clouds are hanging over Europe, and there are rumors that Greece may Exit Euro. Yesterday Fitch the rating agency dented and downgrades Spain and Italy each by two notches, Belgium by one. Ireland affirmed at BBB+. Luck of the Irish! it was like a bomb but it was already discounted by the market  and market not surprised by Fitch downgrades Euro remained higher against Dollar even after downgrades.

But Fitch was not a news maker, it was non other than Facebook raised the curtains which is ready all set for IPO filing, here is the big estimate whether market will discount this or not.They say $100B now… it will bump up to $115B by time of IPO… then $130B on first day out….
View full article »

Tags: , , , , , , , , , , , , , ,
Read More & Comment

Before Weekend & Europe opens morning reads and some Gossips from the elevator:-

Filed under: Market - Outlook — Leave a comment
January 27, 2012

* It’s a make-or-break week for Europe. They say that every week…The EU has more rescue plans than Obama has vacation days.

* If you can only be good at one thing, be good at lying… Because if you’re good at lying, you’re good at everything.

* I feel like this economy has really hit the average-looking girls the hardest.

* Others may hate you. But those who hate you don’t win unless you hate them. Then you destroy yourself.

View full article »

Tags: , , , , , , , , , , ,
Read More & Comment

Omens seen over Greece deja vu Argentina

Filed under: Financial Crisis — 8 Comments
January 25, 2012

When Greece is trying to reach a deal with private sector creditors that would pave the way for additional bailout funding. S&P confirming even after the deal Greece “in all likelihood” qualify as a default.

IMF warned yesterday and reduced its forecast growth for the world 2012 amid concerns with the European Crisis and the IMF chairman confirmed that the debt crisis in Europe is the biggest threat,  Christine Lagarde also pointed to the challenges facing the U.S. economy.

Yesterday the talks fall apart and Greece is stuck with Troika (EU/ECB/IMF) on the one hand and Bondholders on the other.So here Greece acting as an intermediary( reference entity) where the Bond holders demanding 4% coupon on the restructured debt that is not acceptable by the Troika.

View full article »

Tags: , , , , , , , , , , , , , , , , ,
Read More & Comment

India joining the bandwagon stands with Japan, China and Russia

Filed under: Economies — Leave a comment
January 23, 2012

Press Trust of India confirmed  that “India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher U.S. sanctions.”

This is with response to few weeks when the US and Europe pretended that all is well .For anyone wondering how the abandonment of the dollar reserves status would look like reference, not with a bang, but a whimper or in this case a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate.

As it looks prominent the world’s second China and third largest Japan economies will bypass the dollar by engaging them self in the direct currency trade, and few weeks back there was a bilateral contract between China and Russia where they drop dollar as a currency and involved in direct currency trade.
View full article »

Tags: , , , , , , , , , , , , ,
Read More & Comment

Investment Banking Gossip few collections & the Crisis :-

Filed under: Trending Brokers — Leave a comment
January 21, 2012

  • 2012 is going to make 2011 feel like 2007.
  • What’s the most shocking thing a German tourist can say to a hooker… ‘Can I pay in Euros?”
  • You’re tired of being an analyst? Get over it. Every great porn star had to do a gay scene once or twice just to move up.
  • Climbing Mount Everest is the hardest thing I’ve ever done on my Resume.
  •  Since the ECB doesn’t have any real plan, they don’t need a backup plan.
  •  A lot of people who start their own business do it because they are unemployable.

View full article »

Tags: , , , , ,
Read More & Comment

Hoola ISDA : Eastman Kodak default and the Bonds trading 27% higher compared with GREECE :-

Filed under: Financial Crisis — Leave a comment
January 20, 2012

ISDA :- The International Swaps and derivative association announced that a Bankruptcy credit event has occurred in respect to Eastman Kodak Company,

The committee determined that the auction would be held with respect to outstanding transactions. ISDA Credit Report

It seems to be a mockery where I stands for ISDA I stands for Irrelevant or other even less flattering adjectives.

Which is great: apparently the default of Kodak will not lead to the end of the financial system as we know it. But we have a simply question: we would love if someone at ISDA would get back to us with the answer to the following rhetorical question:

If you analyse the benchmark Eastman Kodak 2 year bond, and which to a 2 year Greek bonds, which apparently, ISDA will never find in default. And also, why is the one found to be in a credit event trading 6 cents higher than the non-credit event one.
View full article »

Tags: , , , , , , , , , , , , , ,
Read More & Comment

What’s cooking this Thursday & the Elevator gossips before the Weekend

Filed under: Market - Outlook, Commodities Markets — 2 Comments
January 19, 2012

1) Yesterday Indian aviation and Finance minster allowed 49% FDI and today Kingfisher Air Talks to SC Lowy for Investment After Plane Order Scrapped

2) SOPA Stop Online Piracy Act, as you can view on the top right hand side even I am protesting “Stop Censorship”. Why it matters?

3) Guess what now the IMF requests $500 bn for bailout loans, IMF chairman to ask member countries for on off contributions

4) Greek seems to be in insolvent zone, ISDA will have the final say as Greek debt talks drag on

View full article »

Tags: , , , , , , , , , , , , ,
Read More & Comment

RIL RELIANCE RIL Buy Back & The Indian Bourses

Filed under: Markets: BSE-NSE — 2 Comments
January 18, 2012

I am wondering a day in the Indian Financial media when Reliance does not appear in the news. More so since last year when the cash reserve has piled up.

In fact too much cash reserve lead to lot of speculations and rumors spread that RIL is set for making a hostile bid to acquire Valero Energy, the world’s largest oil refinery in 2011. In fact the other rumor was that RIL in takes with beleaguered Kingfisher airline.

Now today the First Post  break the story that “Overloaded with cash, Mukesh announces RIL share buyback”.

View full article »

Tags: , , , , , , , , , , , , ,
Read More & Comment