A pretty bruising week for the Indian markets, just ahead of the festive season -- The season of joy, cakes, pastries and lights!! Oh well, me being the foodie that I'm, I just can't wait for XMas to arrive! I love to take a walk down the beautifully lit Park St area and tuck into some lovingly baked cakes and pastries at Flury's! Of course, these days you are bombarded with ads for different parties being organized at different places, with all promising a different theme and of course, plenty of Bolly celebs, TV stars and some firangi dancers imported from some godforesaken place!!
Anyways, coming to the markets, the U.S. marekts are still pretty skittish but are showing signs of some positive momentum just ahead of year-end! The market has been boosted by some strong earning reports while soaking up the negative impact from the write-downs reported by Bear Stearns and Morgan Stanley. Morgan Stanley, in turn, has been boosted by a $5 billion investment from a Chinese firm.. All in all, the U.S. markets seem poised to forget the underlying worries for a while and give the investors something to smile about in this merry season!
Taking their cues from the U.S. markets, even the European and the Asian markets seem to be recovering lost ground! The Indian market should, therefore, witness some strong momentum when it reopens on Monday, December 24. Don't get swayed by the market movement, the underlying fundamentals still seem jittery! Booking your profits (for short-term investors) and exiting the market at this stage is likely going to be the best scenario in the near future. The Sensex is also going to be rangebound in the 18k-20.5k mark!
Finally, I feel like kicking the posterior of Orient Hotels for coming out with such a stinking reason (" Our image in the U.S. will be tarnished") for not forming an alliance with the Tata chain of hotels!! Oh well, the Orient group be damned, we Indians will conquer the world pretty soon! Those who want to join us are WELCOME to do so, those who don't, well we wish them the best of luck! We have nothing against our comeptitors; they know what they are worth!
Speaking of Welcome, it's the fourth movie this year after Namastey London, Heyy Baby and Bhool Bhulaiya starring Akshay Kumar in the lead! The promos look ok ok but hey the movie has got Aki baby and we all know the magic he can spin!! Besides, I'm sure Paresh Rawal, Anil Kapoor and Nana Patekar together will be able to tickle a few of our funny bones! Can't say much for the rest of the cast; I hope to catch this movie in the coming weekend (High hopes!! :-( ) .. You too go ahead and welcome the festive season in your homes!
Wishing you all a Merry XMas and a Happy New Year ahead!! Forget your fitness worries and calories intake for a while, go ahead and gorge on the yummy food, the pastries, cakes, cakes and some more pastries!! N oh, Don't forget to down everything down with a steaming cup of coffee, shared with your friends and family!!
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