Thursday, January 31, 2008

 
Movies, Masti, Magic..remember the Zee Cinema ad? Don't? Had a taste for just your Home box office, eh?

Movie fever has hit all time highs. Almost to SMU Term two levels. Except these days I have company when I hit the movies.

Everyone's got the blues, and movies seem to make suspending reality a little easier.

Liz is on a roll. She's almost beating me in the number of movies seen per week.

Sweety ofcourse, swears only by 'good' movies and refuses to waste weekends on movies that normally would get 3 or less popcorns of the Channel news asia movie review.

Chini, seems almost omnipotent, omniscient. There for every move, and yet kicking ass at every trade in the office.

Me, I'm just a buff. A Cinema buff. The smell of the popcorn, the high calorie ice tea, the posters of upcoming movies, the trailors i've seen too many times, the buzz about the place. Everything turns me on!

This week was an overall decently productive week.

Started at a soso level with Michael Clayton, Hit almost my all time low with Norah Jones in My blueberry night(call it my blueberry nightmare.); Bounced back with the charm of James Mc Avoy and the cigarette of Kiera Knightely(sp?) in Atonement, reached new highs with the absolutely charming 27 dresses, maintained high levels with another dose of 27 dresses (also made 'Bennie and the Jets' my song of the week, and James Marsden sexy again) and finally headed towards the standard crosses (a forex trading term, no idea what it means though:)) with a bloody but sort of brilliant dose of Mr Sweeney Todd.

Next on my list, is American Gangster..and can't wait for Juno to release!! Michael Cera..So many guys to moon over:)

Good Week!!

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Thursday, January 24, 2008

 
We at GMO are a Buy side firm. We have many banks who are trying to sell their products to us.
As a result, we subscribe to their research and their views.

Since the Middle Eastern Markets were my speciality, I subscribed to this particular bank' (say X) research. My boss said it is the best research in the middle east. Though never impressed with their quality, I made do for lack of choice. But of late, I have come to have serious as in very serious doubts about the research analysts there. Here's Why!

In a comment on the impact of Fed's emergency rate cut on the middle eastern markets, this was said (among many other things)

"...The Fed has once again fallen into the trap of encouraging moral hazard in the financial markets. However, as Nelly Furtado, Timbaland and Justin Timberlake sang so beautifully, “All good things must come to an end” and I am getting increasingly confident that the US markets will find it extremely difficult to dodge the ‘silver bullet’ of a bearish turn..."

My beef with this statement takes two forms:

First, when a phrase like "All good things come to an end" is attributed to of all things a Hip Hop Artist, it shows poorly on your ability to exemplify.

Second, I understand Justin Timberlake didn't have much (anything) to do with this song. The MTV Video music awards 2007 had the three of them performing together, but separate songs if I remember accurately.

Tip of the day: The Middle Easterners really have to be introduced to "The Who" or "The Doors" or even the Beatles. Quoting them makes one sound a lot more refined. And not to forget the adjective "beautiful" is more appropriate there.

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Tuesday, January 22, 2008

 
"These are markets for the brave", says my forex insider( A little window on my forex trading platform that is my window to the market mayhem in the world today).

But I am having the time of my life. Am I brave? Or am I just so in love with the madness that my losses haven't added up yet.

The thing is I am still on my practice account. The live one (where I share profits with Chini) is for reasons I don't know still threatened by the prospect of my trading it, or srini making up stories to avoid taking half my losses!

I am happy with my trading. My experiences have culminated in 7 trading rules (hope to make it 10 with some more experience), that I've stuck on my wall and am learning to swear to live by it!! (The rogue in me is hard to tame!)

Currently the dollar is trading at 106.4 - 106.5. I was short some time back. Liquidated and changed to a buy. Shit!

Reasons I could get rogered
1. US markets are yet to experience that kind of bear attack, the Asian Markets and European markets have seen
2. There is tremedous risk aversion in the markets

Reason I could be come out fine
1. Emerency Fed Cut- The most potent market stimulator. Srini seems to think the chance is good. I was betting on Bernanke on being more sober, but it would be deadly if I got caught on the wrong side of a trade like this.

These markets are indeed for the brave.

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Thursday, January 17, 2008

 
Two useful links

1. Defending Tax Competition

http://gregmankiw.blogspot.com/2008/01/case-for-tax-competition.html

2. Bernanke for Paulson!!!! American rep's in the Congress are nuts!

http://blogs.wsj.com/economics/2008/01/17/bernanke-as-ceo/

On other news

- my trading is getting better. I am happy now that I have found the best date on a weekday night(sadly not the weekend- there's not much activity)..the currency markets!

- My chinese is getting better. Exhausting as hell. But getting better

- My gym sessions are on schedule.

-My guitar practicing is also going well

- Work at GMO is good and flexible as always.

The Global markets look terribly sour.
I would predict a 300 crash in Indian equity markets. Think i made the wrong call by asking my mom to invest into the markets two weeks back. Anyway, its a long term investment..

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