In your interest.
Online Personal Finance Magazine
No beating about the bush.
"It will always remain true,” JM Roberts once wrote, “that the closer we get to our own times, the harder it is to see what is the history that really matters.” The distinguished historian, author of highly regarded works that include a history of the world and a history of Europe, was grappling with the difficulties of contemporary history: “There is such a torrent of events– and we are...
Indian Equity Markets
A secondary bear market rally, which has been running since the Sensex hit an intermediate bottom of 7,697 in late October 2008, seems to be running out of steam. The Sensex may swing back by a few hundred points before resuming the primary downward trend. The support trendline from the January 2008 high is placed around the 8,800 level – also the low point of the...
Fool me once. Shame on you. Fool me twice. Shame on me.” – Chinese Proverb
In October 1998, John Meriwether, former vice-chairman and head of bond trading at Salomon Brothers, a leading Wall Street investment bank, became the poster boy of the biggest ever hedge fund blow up. His firm, Long Term Capital Management (LTCM), which boasted Myron Scholes and Robert Merton as its directors, had...