Author: Biz India

Is There a Contrarian Investment Opportunity In JP Morgan Chase’s Loss?

By Tom Essaye – Weiss Research By now, you’re likely aware of the $2 BILLION loss by the “chief investment office” at J.P. Morgan (JPM). The firm’s stock has obviously suffered, and there has been plenty of negative commentary regarding the incident. But you should consider looking at this from a contrarian viewpoint and see if there are any opportunities in this incident. The initial reaction whenever there is bad news like this is to sell first and ask questions later. And that’s usually the right move to make — at least in the very short-term. But the first...

Read More

Meditations on Marshmallows and Retirement

By Nilus Mattive – Weiss Research If you want to hear scary stories related to retirement, you don’t have to look very hard. For example, a trade association for the financial services industry called LIMRA recently surveyed a couple thousand Americans on retirement matters. What they found is that about 49 percent of the respondents aren’t saving for retirement at all. Yes, you read that right — HALF of the people are literally putting nothing away for their golden years! Why not? Well, the majority suggested that they just couldn’t afford to contribute to an IRA account. Now I...

Read More

Katrina Says of 3 Bollywood Khans She’s Doing Movies With: “If I had the chance, I would not allow anyone to work with them.”

Source: IANS Mumbai, May 14 — Katrina Kaif is currently working with Bollywood’s three leading Khans – Aamir, Shah Rukh and Salman – in three different projects. So posessive is the actress about them that given the chance, she won’t let anyone else work with them. But she was reticent on who her favorite Khan was. “This doesn’t make sense to me. It is unfair,” Katrina told reporters here when asked to pick her favorite Khan. “If suppose if you will ask them to choose one of the actresses, even I will feel bad. Everyone is different. All three...

Read More

With $155 Billion in Purchases Last Year, Government Mulls Direct Dollar Line to Oil Firms To Check Rupee Volatility

Source: Economic Times New Delhi, May 14, 2012 – The government and the central bank are pondering over a plan to move bulk dollar purchases by oil marketing companies out of a turbulent currency market to make the weakening rupee less volatile. With a weekly demand of $2-3 billion, roughly one out of every 10 dollars bought or sold in the Indian foreign exchange market is by oil companies. In a choppy market, the rupee comes under pressure whenever these companies step in to buy the greenback. “In such circumstances, a direct dollar line to oil companies can help...

Read More

India’s Textile Exports Estimated to be $34 Billion in 2011-12 Fiscal Year, a Rise of 27% Over Previous Period

Source: Economic Times New Delhi, May 14, 2012  – The government today said the country’s textiles exports are estimated at $34 billion during the 2011-12 fiscal year, which is from April 01, 2011 until March 30, 2012. “Textiles exports for the year 2011-12 are projected at USD 34 billion,” Minister of State for Textiles Panabaaka Lakshmi said in a written reply to the Lok Sabha, India’s lower house in Congress. During the 2010-11, the textiles sector achieved exports of $26.8 billion, or about $7.2 billion lower in amount. So the increase works out to a healthy 27 percent in...

Read More