Analysis of US banks by an expert

No analysis on my part for a week or two, will be on a kind of a sabbatical. But interesting analysis on the state of US banks from an expert:


http://www.moneymorning.com/2009/02/18/us-banks/

Circa 1930, part 2?

The shadow of the 1929 depression and the ferocity of the current crisis, and its ability to snowball into something very similar. I had a post on this a few weeks back, a similar view echoed here:

BBC Link: http://news.bbc.co.uk/1/hi/uk_politics/7880189.stm

This crisis definitely has the capability of developing into a Depression, if left unchecked. The point worth seeing is whether central bank and government action worldwide actually steers us clear of this back into prosperity or actually worsen the situation.

Earlier link claiming this can snowball into a depression here:
http://equitideas.blogspot.com/2008/10/are-we-returning-to-1929.html

NIFTY surpises, buck global trend. Reliance to gain on courts order, loss for RNRL

NIFTY(chart attached) did surprise me and quite amazingly bucked the global trend. Also proved wrong the prediction in the last post. However, the global trend is still very week and I want to stick out my neck over a break in the current rally and re-test of the lows closer to 2700.



Reliance (NSE: RIL) should post smart gains post the high court lifting its stay on sale of gas. Big -ve for RNRL.