How much is a Trillion Dollars ?

Well let us understand some numbers. India’s population is 100 crores. With a per capita income of Rs 30,000/- the GDP is Rs 30 lakh crores. This is Rs 30 trillion.
(One Trillion = 1000 billion = 1000 times 100 crores = 1 lakh crores).
Phew! Finally got the maths through!
Now, in today’s news, the IMF says that sub-prime / financial sector losses are likely to reach one trillion US $.
This is equal to 42 lakh crore Rupees, or, more than the GDP of India.
Who did it ?
A few hundred (or thousand ?) financial sector smart guys, receiving millions of dollars in salary and bonuses, driven by greed have almost managed to destroy the American Financial Sector.
Reforms or retrograde step ?
In India, we want to hand over our Banks and Insurance Companies and Hard earned provident Fund money to these fellows. And this is called ‘reforms’ ?

Market in Narrow range, ready for a big move

The Nifty moved in a narrow range today, a suggestion that the contraction will soon lead to an expansion in any one direction.
Today was the narrowest range in the last seven days, a day on which neither the bulls nor the bears gained an upper hand. Such range contraction days are unlikely to continue. Soon enough , one of the two groups (bulls and Bears) overcome the other.
This question comes again: Where will the market go: up or down. The answer lies in the future. Wait for the market to begin a movement, the chances are that the momentum will continue in the same direction.
For the Nifty, a move above today’s high – 4360 could suggest strength, while a move below today’s low – 4285 may result in more downside pressure. This is as simple as it gets. Traders should wait pateintly for the move to begin, then go with it. By tomorrow morning, if world markets develop a strong direction, the Nifty could simply follow it. If world markets remain flat, then the Index will probably remain choppy for a day or two till either the bulls or the bears win this skirmish.
This is not the first time that I have discussed the narrow range day. It will not be the last either. These cycles of contraction and expansion occur frequently. They are usually easy to trade. Just follow the market.