Tuesday, November 27, 2007

4000 crores Indian pension funds to flow to the Stock Market !



Despite the sub prime woes and the rising price of crude, experts say that the money flow will continue to India

Indian pension funds to the tune of 4000 crores will flow to the Stock Market.

The Carlson group is investing 3 billion dollars in five years in India.

A big correction in the US market is in the offing. 6 major banks have lost billions in the subprime crisis. And the slowdown in the US market will definitely affect Asian markets.

Today, the market is down by some 100 points. Astrologically Jupiter's movement to the Sixth house in India's horoscope shows some sort of crisis. Crude at 95 dollars per barrel will affect India adversely, as India imports 70% oil. More vehicles on the roads ( indication of a growing economy ) means more demand for oil. Unfortunately, India has only 30% oil ! What will happen as vehicles increase, God alone knows !

India is undergoing the lousy phase of Elarata Saturn, the dreaded 7.5 year Saturnine cycle. 1.5 years more India will have to contend with some negative factors. Debt has gone up to 155 billion and deficit 55 billion !

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