November buzzes everyone, December is too cold

Sun comes out in the East, but the East is all sold!

 

All the talk of potential markets in retail and consumption, engendering domestic demand ( in China) and even the imminent collapse of Europe ( not just not happening, in danger of engendering imprudent fiscal expenditure by imprudent politicians, just back from the brink) everything's come to a nought

US is also going to a nought score but after a $52 bln weekend in Non auto sales and another $36 bln in Auto sales fo rthe month of November, it is rather to get oto a hnought in all 2011 inventories by January 2012

India is headed to another ground zero right now, even as China starts betting on expansion without getting a jump in domestic demand. One wonders if stock market investors are correct in dreriding Divestment thru buybacks and cross holdings mooted by the government arms, One further wonders if india's aviation industry will ever get to use bankruptcy protectionas a strategy as KFA finds another hole to plug, and one wonders if the yields falling to 8.75% being the end of the move in Fixed Income, if the rupee will ever come back to below 50 on the bat

India's fiscal problems have been batting on a high inflation wicket, with 9.39% in CPI in October and a 8% food inflation for the third week running for November 19, Pranab advertising a fall in the price of Onions by 40% and October Export growth and deficit stunted and expanded by OIL and rupee gyrations Non Food inflation is dead in the water ( includes fibers and oil seeds) at 2.5% but Fuel is still 15.5% and Primary Articles a 7.74% lower but by no means a low number

There are a lot of other statistics including M&M's jump in November sale sto nearly 41k vehicles incl almost 18k passenger vehicles and Maruti's falling behind the 100k in Sales despite ther ebeing no strike at its Haryana plants and they will all come in due course.

At Happy Thursdays suffice it to say that November was good to pass on for the results shoing for any government or corporate but there have been good signs for growth, with Europe solved along expected lines, banks at an all time low globally and the Nifty 4950 a goodt time to go short on everything, always a better feeling once you decline to wait 10 years for the pay cheque. 

China's landing will not nbe hard at all, watch for the dtailed analysis on advantages.us, Airlines will ntot fade away   with US American Air taking a 18 month vacation to recuperate with new pricing and new supplier and cost agreements a good examaple of the new strategies discovered in this new millennium, the other - central bank pay cheques for every citizen. 

Posted via email from The India Investment Post