Predictions - After elections - Financial News

[Guest guest]

Hare Krishna!

 

Dear Jyotishis!

Whose did the perfect prediction in this subject?

What is the following prediction?

 

Indian stocks fell by as much as 17.5% today after India'scommunist parties

decided not to join newly elected SoniaGandhi's Congress-led coalition. India's

market valuation lostas much as US$40 billion in a single day.Both the Indian

rupee and government bonds fell sharply, forcing the Reserve Bank of India to

assure investors it would intervene to safeguard the banking system and foreign

exchange markets.The Bombay Stock Exchange and National Stock Exchange

suspendedtrade twice in the morning.An international crisis like this doesn't

go by unnoticed andunexploited at the Taipan headquarters.Ian Cooper, for one,

advised his Red Zone VIP traders: "Withblood in the streets after the plunge,

we're recommending thatyou buy the two stocks that sold off the most in the

melee,namely HDFC Bank (HDFC:NYSE) and Satyam Computers Services(SAY:NYSE).

Both should bounce back following the selloff. HDFCis a speculative buy under

US$24. SAY is a speculative buy under US$18.25."

 

India also did a number on Japan: the Nikkei 225 closed at10,505.05, down

another 344.58 points or 3.18%. Our indicatorssay it's not over yet: losses

should range between 0.5% and1.25% tomorrow

 

***lndian Inferno: Flipped on my computer this morning to newsthat the Indian

stock exchange had dropped a whopping 564 points (11.4%). At one point, the

market plummeted 842 points fromFriday's close - its biggest ever one-day

drop.So why the frazzled Indian nerves? Turns out traders areextremely jittery

about the policies of the incoming CongressParty, which won the general

election last week. Despite theparty saying it is "pro-growth and pro-savings,"

investors fearleader Sonia Gandhi's policies will stall an economy that grew8.1%

during the first quarter. Today's action hammered the rupee and slashed US$40

billion from the markets.

 

The outgoing Hindu Bharatiya Janata Party (BJP) plans to boycott Wednesday's

inauguration ceremony, arguing that Gandhi shouldn't lead the country because

she was born in Italy. And it seems the communist parties in India would rather

not join Sonia Gandhi'scoalition, but will support it "from the outside"

instead.

The outgoing Hindu Bharatiya Janata Party (BJP) plans to boycott Wednesday's

inauguration ceremony, arguing that Gandhi shouldn't lead the country because

she was born in Italy. And it seems the communist parties in India would rather

not join Sonia Gandhi'scoalition, but will support it "from the outside"

instead.