Watch “SUPER SHEMITAH: Elite’s Jubilee Year Plan to Crash World Economy by October 2016 [HD]” on YouTube

Take Care & Regards,

Atul Vitha

*** I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. Purpose for this post is strictly educational & information basis only.


Opinion: Market May Remain Insane For Longer Time Than You Can Remain Solvent!!!

“Market May Remain Insane For Longer Time Than You Can Remain Solvent!!!”

I think market is laughing on bears right now and I’m also included in those, because I also have similar view for all world markets. And bulls are hitting to bears very badly. But nothing is in our hands, because in my mother tongue “Bhav Bhagwan Che” (“PRICE IS GOD”) after all which we have to accept in any condition.

I want to ignore this kind of market, because I am not really convinced with current rally of all world markets, but back of my mind constantly running something in my imagination which I have to share with you. Few people have the idea which I told them. I was bearish at night, I was bearish early morning when I woke-up, but I turned mildly bullish. When I was having my break-fast and reading an article about markets on Twitter saying that, Markets fell around 9% in Feb month, I thought this was big fall and because of this big fall, March will give some retracement and all world markets can give a bounce in March. And this is not first time I have felt this way. The problem was before I could react, market had retraced sharply. This is not first time I am trying to think out of the box and Market always respects and rewards out of box thinking. I am not born with bearish mentality, which some people are thinking about me, but am not born with bullish mentality either. I am not very famous in market also but trying to read all data which I am getting from markets only. And I am not here to prove that, I am right, but just reading what the market saying. My enthusiasms about all markets, so I am just trying to share my thoughts.

But, this kind of 13% up move from lower, that was not expected.

I am asking myself to again and again, what was there my mistake? I’m really trying to find out that.


Greater Downside risk likely, Global  recovery vulnerable: IMF


IMF Politely Asks China To Explain Exactly How Large Its FX Forwards Book Is?


Blindly Dancing At A Top: A Statistical Look At The Rally


I don’t want make same error again, because “Error Of Commission Occurs Which Errors of Omission Omitted”. Sometimes you can’t understand what is wrong in markets. If I am wrong than, where is PE?  Where’s the earning? I can’t look ahead from here. I may be wrong or market may be wrong either. Prices are reflecting I may be wrong somewhere right now.

Fed Chair Yellen has a mini revolt on her hands
Continue reading “Opinion: Market May Remain Insane For Longer Time Than You Can Remain Solvent!!!”

Fed Mouthpiece Parses Timid Janet’s Latest Pronouncement

Fed Mouthpiece Parses Timid Janet’s Latest Pronouncement

Fed Mouthpiece Parses Timid Janet’s Latest Pronouncement

Tyler Durden’s pictureSubmitted by Tyler Durden on 03/16/2016 14:15 -0400

Janet Yellen has spoken and the word was “hold.” 

And not only that, the FOMC median forecast now only implies two rate hikes for 2016 versus four as the Fed’s own outlook converges on market expectations. The read through on the US economy was relatively benign but worries about global markets persist, and the very fact that that has become what certainly appears to be a deciding factor in these decisions speaks to the notion that the invisible “third mandate” is becoming more and more apparent with each passing meeting.

In any event, here’s Jon Hilsenrath parsing the latest statement from the “data-dependent” Fed as only WSJ’s Fed whisperer can.

From WSJ

Federal Reserve officials reduced estimates of how much they expect to raise short-term interest rates in 2016 and beyond, nodding to lingering risks to the economic outlook posed by soft global economic growth and financial-market volatility.

New projections show officials expect the fed-funds rate to creep up to 0.875% by the end of 2016, according to the median projection of 17 officials. That would mean two interest-rate increases this year, compared with four projected increases when officials last met in December, and implies the Fed is looking toward its next rate increase in June.

For now, the Fed is keeping its benchmark lending rate steady between 0.25% and 0.50%, after raising it a quarter percentage point in December. Without committing to a timetable, officials said the next move would depend on “realized and expected economic conditions” and reiterated that it plans to move gradually.

The central bank sees the fed-funds rate at 1.875% by the end of 2017 and 3% at the end of 2018, also lower than the last quarterly projection officials released late last year. In the long run, the Fed expects its benchmark rate to reach 3.25%, less than the 3.5% rate it saw in December.

“Economic activity has been expanding at a moderate pace despite global economic and financial developments in recent months,” the Fed said in a policy statement released after its two-day meeting.

However, in a closely watched section of its policy statement, it added that market developments and the global outlook “continue to pose risks.” This risk assessment is important because it indicates whether the Fed is leaning toward raising rates, holding them steady or reducing them.

In January, officials declined to make an assessment of risks to the economy, a sign of their uncertainty about the impact of slow global growth and volatile
financial markets. The latest statement on risks suggests officials are inclined to wait until they have a clearer picture of the outlook before moving. That makes an April move a high hurdle, though not impossible.

The Fed’s economic projections were a bit more pessimistic about economic growth, but more optimistic on unemployment.
Fed officials said they expected economic output to expand by 2.2% in 2016, 0.2 percentage point less than they projected in December. They see growth of 2.1% in 2017, which is 0.1 percentage point less than previously expected, and 2.0% growth in 2018, in line with earlier projections. Slow growth overseas has hurt U.S. exports and may have been a factor in the reduced estimates.

Despite anemic output growth, the economy has continued to produce jobs, in part because firms are hiring more workers to compensate for soft worker productivity growth. Fed officials expect the pattern to continue. They see the jobless rate retreating to 4.7% by the end of this year and 4.5% through 2018, lower than previously expected.

“A range of recent indicators, including strong job gains, points to additional strengthening of the labor market,” the central bank’s policy statement said.

While the outlook for jobs and output growth is mixed, the outlook for inflation holds its own uncertainties. Fed officials projected inflation would rise 1.2% this year, that’s less than previously projected largely because of soft energy prices and because a strong dollar has put downward pressure on import prices. The Fed sees inflation starting to rise as oil prices and the dollar stabilize. Inflation is projected to reach 1.9% by the end of 2017 and to finally reach the Fed’s medium-run goal of 2% by the end of 2018. Officials see core inflation, excluding food and energy, at 1.6% by year-end, then 1.8% in 2017 and 2.0% in 2018, largely in line with earlier expectations.

The central bank was particularly preoccupied before the meeting with changes in inflation expectations. Market and survey measures had sagged in

January and February but more recently show signs of stabilizing. Data released ahead of Wednesday’s statement showed consumer prices fell in February due to a slide in gasoline prices, but other evidence pointed to steadily building inflation pressures. The consumer-price index showed core prices-excluding food and energy prices-climbed 2.3% in the year through February, notching the largest 12-month gain since May 2012.

“Inflation picked up in recent months,” the statement said, “however it continued to run below the [Fed’s] 2% longer-run objective, partly reflecting declines in energy prices and in prices for non-energy imports.” Market measures of inflation expectations “remain low,” the Fed said, and survey measures were “little changed, on balance.” Taken altogether, the central bank demonstrated little change in its outlook for inflation, but it said it was monitoring inflation “closely,” another sign of its trepidation.

The central bank’s new rate projections put its own expectations more in line with expectations in financial markets. Ahead of Wednesday’s release, futures market participants put a 35% probability on one additional rate increase this year and a 30% probability on two. A recent Wall Street Journal survey of 64 business and academic economists found they expect two quarter-percentage-point increases in the fed-funds rate this year, down from the three rate increases they predicted in December, and three increases in 2017 instead of four. Before the release, Fed officials had consistently predicted a steeper rate path than the market.

The Fed’s pledge to gradually continue increasing interest rates is in contrast to expansionary monetary-policy paths in other major economies. The European Central Bank last week ramped up stimulus and cut interest rates deeper into negative territory to bolster the eurozone’s fragile economy, weeks after the Bank of Japan introduced negative rates for the first time to ward off deflation.

The Fed’s decision to wait longer for more clues on the domestic economy’s path follows circumspect statements from senior policy makers in recent weeks.

Federal Reserve Chairwoman Janet Yellen told lawmakers in testimony last month that financial conditions “have recently become less supportive of growth,” hinting to Congress that the central bank had increased trepidation over the path of interest-rate increases.

Kansas City Fed President Esther George cast a dissenting vote Wednesday, the first at a meeting of the central bank’s rate-setting Federal Open Market Committee meeting since October, when Richmond Fed President Jeffrey Lacker objected to a then-decision to hold rates steady. She wanted the Fed to raise rates a quarter percentage point.

Take Care & Regards,

Atul Vitha

*** Purpose for this post is strictly educational information only. 

Former Fed Employee Avoids Jail, Gets $2,000 Fine For Stealing Fed Secrets On Behalf Of Goldman Sachs

Former Fed Employee Avoids Jail, Gets $2,000 Fine For Stealing Fed Secrets On Behalf Of Goldman Sachs

Submitted by Tyler Durden on 03/16/2016 15:20 -0400

One of the biggest scandals at the end of 2014 was the dramatic confirmation courtesy of 48 hours of declassified tapes by former NY Fed staffer Carmen Segarra that not only Goldman Sachs controls the New York Fed (headed by former Goldman managing director Bill Dudley), but that disturbingly one of Goldman Sachs’ then-employees, former NY Fed regulator, then 29-year old Rohit Bansal was routinely being provided with confidential NY Fed documents.

As the NYT reported then, “from his desk in Lower Manhattan, a banker at Goldman Sachs thumbed through confidential documents — courtesy of a source inside the United States government. The banker came to Goldman through the so-called revolving door, the symbolic portal that connects financial regulators to Wall Street. He joined in July after spending seven years as a regulator at the Federal Reserve Bank of New York, the government’s front line in overseeing the financial industry. He received the confidential information, lawyers briefed on the matter suspect, from a former colleague who was still working at the New York Fed.”

The “colleague”, and source of the stolen information, was another NY Fed employee, Jason Gross, whose official role was “bank examiner” (“bank leaker” would have been more appropriate).

Prior to joining the Fed, had had worked as a private CPA for two and a half years, and prior to that at Deutsche Bank for 4 years as a controller according to his LinkedIn profile we captured at the time.

And while both Bansal and Gross lost their jobs, we very much doubted any material consequence would befall the two conspirators for engaging in activity which would have led to lenghty prison fines for any other “mere mortal.” Back in November 2014, we concluded our post on this story as follows:

Will anything change? Of course not. After all it is Goldman that runs the United States of America. Expect this latest scandal to be swept under the rug within days.
The scandal was indeed swept under the rug virtually overnight and there was just one loose end: what would be the fate of Mr. Gross who was “sharing” top secret Fed information with Goldman Sachs, specifically would he end up in prison.

We now have the answer.

As Reuters reports, Jason Gross was the latest former banker to make a mockery of the US judicial system when he was spared prison on Wednesday, “disappointing prosecutors who said his leaking of confidential documents to a friend at Goldman Sachs Group justified time behind bars.”

Instead Gross, 37, was fined $2,000 by U.S. Magistrate Judge Gabriel Gorenstein in Manhattan and sentenced to a year of probation with 200 hours of community service after pleading guilty to a misdemeanor charge of theft of government property.

Prosecutors had sought six to 12 months in prison for Gross, who in November admitted to providing confidential information to Rohit Bansal, his former supervisor at the Federal Reserve Bank of New York who had left to work at Goldman Sachs.

According to Judge Gorenstein getting away with just a fine and some community service had already sent “a powerful message to others.”

The message for those unaware, is that go ahead and steal Fed data and share with whatever bank you want, and if you are caught not only will you not go to prison and may a token fee, but once absolved of all evil, that same bank will most likely hire you to “compensate” you for your troubles.

In court, Bruce Barket, Gross’s lawyer, said Gross in providing Bansal the documents thought he was doing a favor for a friend who had already seen them and even created some. “I don’t think he thought much of it,” Barket said. Or perhaps he thought just enough of it, hoping that he too would land a lucrative career at Goldman in exchange for his crime.

Goldman has said that after discovering Bansal obtained the confidential supervisory information, it notified regulators and fired him and a more senior employee who failed to take further action. The New York Fed also fired Gross.

As for the other co-conspirator, Bansal, who also pleaded guilty in November to theft of government property, he is scheduled to be sentenced on Tuesday. We expect he too will avoid prison time.

Take Care & Regards,

Atul Vitha

*** Purpose for this post is educational information only. 

18 books Warren Buffett thinks everyone should read

18 books Warren Buffett thinks everyone should read

Third party content
A woman reads a book at her open air book store in Skopje April 24, 2014. Macedonians will cast their ballots on Sunday April 27 in the second round of the presidential vote, overshadowed by the general elections. Macedonian voters look likely to hand conservative Prime Minister Nikola Gruevski a third term in a snap parliamentary election on Sunday, opting for relative economic stability and shrugging off opposition claims of creeping authoritarianism. REUTERS/Ognen Teofilovski (MACEDONIA – Tags: SOCIETY POLITICS ELECTIONS TPX IMAGES OF THE DAY) – RTR3MHQ6 Image: REUTERS/Ognen Teofilovski A woman reads a book.
By Drake Baer, Reporter, Business Insider

Wednesday 16 March 2016

When Warren Buffett started his investing career, he would read 600, 750, or 1,000 pages a day.

Even now, he still spends about 80% of his day reading.

“Look, my job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action,” he once said in an interview.

“We don’t read other people’s opinions,” he said. “We want to get the facts, and then think.”

To help you get into the mind of the billionaire investor, we’ve rounded up 18 of his book recommendations over 20 years of interviews and shareholder letters.

‘The Intelligent Investor’ by Benjamin Graham

When Buffett was 19, he picked up a copy of legendary Wall Streeter Benjamin Graham’s “The Intelligent Investor.”

It was one of the luckiest moments of his life,he said, because it gave him the intellectual framework for investing.

“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information,”Buffett said. “What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must provide the emotional discipline.”

Buy it here »

‘Security Analysis’ by Benjamin Graham and David L. Dodd

Buffett said that “Security Analysis,” another groundbreaking work of Graham’s, had given him “a road map for investing that I have now been following for 57 years.”

The book’s core insight: If your analysis is thorough enough, you can figure out the value of a company — and if the market knows the same.

Buffett has said that Graham was the second most influential figure in his life, after only his father.

“Ben was this incredible teacher; I mean he was a natural,” he said.

Buy it here »

‘Common Stocks and Uncommon Profits’ by Philip Fisher

While investor Philip Fisher — who specialized in investing in innovative companies — didn’t shape Buffett in quite the same way as Graham did, Buffett still holds him in the highest regard.

“I am an eager reader of whatever Phil has to say, and I recommend him to you,” Buffett said.

In “Common Stocks and Uncommon Profits,” Fisher emphasizes that fixating on financial statements isn’t enough — you also need to evaluate a company’s management.

Buy it here »

‘Stress Test: Reflections on Financial Crises’ by Tim Geithner

Buffett says that the former US secretary of the Treasury’s book about the financial crisis is a must-read for any manager.

Lots of books have been written about how to manage an organization through tough times. Almost none are firsthand accounts of steering a wing of government through economic catastrophe.

“This wasn’t just a little problem on the fringes of the U.S. mortgage market,” Geithner writes. “I had a sick feeling in my stomach. I knew what financial crises felt like, and they felt like this.”

Buy it here »

‘The Essays of Warren Buffett’ by Warren Buffett

If you want to get to know the way Buffett thinks, go straight to the sage himself.

In this collection, he keeps it real — in his signature folksy-intellectual fashion.

“What could be more advantageous in an intellectual contest — whether it be chess, bridge, or stock selection — than to have opponents who have been taught that thinking is a waste of energy?” he asks.

Buy it here »

‘Jack: Straight from the Gut’ by Jack Welch

In his 2001 shareholder letter, Buffett gleefully endorses “Jack: Straight from the Gut,” a business memoir of long-time GE executive Jack Welch, whom Buffett describes as “smart, energetic, hands-on.”

In commenting on the book, Bloomberg Businessweek wrote that “Welch has had such an impact on modern business that a tour of his personal history offers all managers valuable lessons.”

Buffett’s advice: “Get a copy!”

Buy it here »

‘The Outsiders’ by William Thorndike Jr.

In his 2012 shareholder letter, Buffett praises “The Outsiders” as “an outstanding book about CEOs who excelled at capitalallocation.”

Berkshire Hathaway plays a major role in the book. One chapter is on director Tom Murphy, who Buffett says is “overall the best business manager I’ve ever met.”

The book — which finds patterns of success from execs at The Washington Post, Ralston Purina, and others — has been praised as “one of the most important business books in America” by Forbes.

Buy it here »

‘The Clash of the Cultures’ by John Bogle

Bogle’s “The Clash of the Cultures” is another recommendation from the 2012 shareholder letter.

In it, Bogle — creator of the index fund and founder of the Vanguard Group, now managing upward of $3 trillion in assets — argues that long-term investing has been crowded out by short-term speculation.

But the book isn’t all argument. It finishes with practical tips, like:

1. Remember reversion to the mean. What’s hot today isn’t likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don’t follow the herd.

2. Time is your friend, impulse is your enemy. Take advantage of compound interest and don’t be captivated by the siren song of the market. That only seduces you into buying after stocks have soared and selling after they plunge.

Buy it here »

‘Business Adventures: Twelve Classic Tales from the World of Wall Street’ by John Brooks

In 1991, Bill Gates asked Buffett for his favorite book.

In reply, Buffett sent the Microsoft founder his personal copy of “Business Adventures,” a collection of New Yorker stories by John Brooks.

Gates says that the book serves as a reminder that the principles for building a winning business stay constant. He wrote:

For one thing, there’s an essential human factor in every business endeavor. It doesn’t matter if you have a perfect product, production plan and marketing pitch; you’ll still need the right people to lead and implement those plans.

The book has become a media darling in recent years; Slate wrote that it’s “catnip for billionaires.”

Buy it here »

‘Where Are the Customers’ Yachts?’ by Fred Schwed

“The funniest book ever written about investing,” Warren Buffett proclaimed in his 2006 shareholder letter, “it lightly delivers many truly important messages on the subject.”

First published in 1940, the book takes its title from a story about a visitor to New York who saw the bankers’ and brokers’ yachts and asked where the customers’ were. Obviously, they couldn’t afford them — the people providing the financial advice were in a better position to splurge than the people who followed the advice.

The book is filled with irreverent wisdom and colorful anecdotes about Wall Street, and remains compelling even today.

Buy it here »

‘Essays in Persuasion’ by John Maynard Keynes

This collection of writings by the legendary economist has remained a staple of financial literature since it was published nearly a century ago.

In Buffett’s opinion, it’s required reading.

“Reading Keynes will make you smarter about securities and markets,” he told Outstanding Investor Digest in 1989. “I’m not sure reading most economists would do the same.”

The collection includes the famous essay “Economic Possibilities for Our Grandchildren,” in which Keynes predicted that today’s generation would only work 15 hours a week.

You can read the full text online.

Buy it here »

‘The Little Book of Common Sense Investing’ by Jack Bogle

In his 2014 shareholder letter, Buffett recommended reading this book over listening to the advice of most financial advisers.

Based on his own experience working with Vanguard clients, Bogle attempts to help readers use index investing to build wealth.

Fans say it’s far from boring, and the stats and charts are balanced with anecdotes and advice.

Buy it here »

‘Poor Charlie’s Almanack’ edited by Peter Kaufman

This collection of advice from Charlie Munger, vice chairman of Berkshire Hathaway, got the ultimate shout-out in Buffett’s 2004 shareholder letter.

“Scholars have for too long debated whether Charlie is the reincarnation of Ben Franklin,” Buffett wrote. “This book should settle the question.”

The book includes biographical information about Munger as well as summaries of his philosophy on investing and talks Munger gave at Berkshire Hathaway meetings and elsewhere.

One such talk is called the “Psychology of Human Misjudgment,” in which Munger writes about the cognitive traps that trip up investors.

Buy it here »

‘The Most Important Thing Illuminated’ by Howard Marks

Marks, chairman and cofounder of Oak Tree Capital, intended to wait until he retired to write this book, as noted in a 2011 Barron’s review. But Buffett so admired Marks’ client memos that he offered to write a dust-jacket blurb if Marks would publish the book sooner.

The result is “a rarity, a useful book,” Buffett reportedly said.

Marks aims to help investors achieve success by putting more thought into their decisions, drawing heavily on his own mistakes and what he learned from them.

Buy it here »

‘Dream Big’ by Cristiane Correa

Here Correa tells the story of the three Brazilians who founded 3G Capital, an investment firm that joined Buffett in purchasing HJ Heinz in 2013.

Buffett recommended the book at the 2014 Berkshire Hathaway shareholder meeting.

In an interview with The New York Times, Correa highlighted the main principles of 3G’s management style — meritocracy and cost-cutting — that paved the way for their current success.

“They trust in people and they let their teams work,” she said.

Buy it here »

‘First a Dream’ by Jim Clayton and Bill Retherford

Jim Clayton grew up the son of a sharecropper in Tennessee and eventually went on to found Clayton Homes, currently the largest producer and seller of manufactured housing in the US.

Buffett credits Clayton’s autobiography with inspiring him to invest in Clayton Homes in 2003. In his 2003 shareholder letter, he wrote that the book was a gift to him from students at the University of Tennessee. Buffett told the students how much he enjoyed the book, and they urged him to call Kevin Clayton, Jim’s son and the company’s CEO, to deliver the praise directly.

“Soon thereafter, I made an offer for the business based solely on Jim’s book, my evaluation of Kevin, the public financials of Clayton,” and his experience buying “distressed junk” from Oakwood Homes, a retailer of manufactured homes that he later purchased after it filed for bankruptcy.

It’s worth noting that Fast Company reported the deal between Berkshire Hathaway and Clayton Homes was a little more complicated than that.

In his “rags to riches” tale, Clayton shares lessons on business and leadership for current and aspiring entrepreneurs.

Buy it here »

‘Take on the Street’ by Arthur Levitt

In Buffett’s 2002 shareholder letter, he explains “how accounting standards and audit quality have eroded in recent years.” Specifically, he cites the downfall of Arthur Andersen accounting.

“The details of this sordid affair are related in Levitt’s excellent book, Take on the Street,” Buffett writes.

A former chairman of the US Securities and Exchange Commission, Levitt not only includes candid anecdotes, but also offers everyday investors ways to protect themselves from Wall Street.

Buy it here »

‘Nuclear Terrorism’ by Graham Allison

According to Allison, founding dean of Harvard’s modern John F. Kennedy School of Government, a nuclear attack on the US is inevitable — unless we change our political strategy.

He argues that the new international security order must be built upon “three No’s”: no loose nukes, no new nascent nukes, and no new nuclear states.

In his 2004 shareholder letter, Buffett called it a “must-read for those concerned with the safety of our country.”

18 books Warren Buffett thinks everyone should read

Take Care & Regards,

Atul Vitha

OPINION: If Gravity of Stocks Is Index, Than INDEX = P/E * Earnings, Right?

OPINION: If Gravity of Stocks Is Index, Than INDEX = P/E * Earnings, Right?

Nifty gained almost 11.07% from lowest of the budget day to till now. Not just Nifty but all over the world indices gone up as same. But I could not understand is there any fundamental behind this up move? We are living in high leveraged world, and this kind of up move, is there any trap or what?

As per me, indices means reflecting earnings of the stocks and if we had came down because of the growth issues. Than what is the reason behind this fast up move in all over the world’s markets? As per me March is the month, in this month no any big results announced in all over the world and because of the lack of confidence in markets, big positions were in shorts and because of that sellers were trapped, and it was very easy to change the trend. Always manipulations are easy in this kind of situations with low risk.

World is sitting on high leveraged right now, China is reflecting slower growth and trying to survive so devaluing currency which is indirectly pulling down currencies of all over the world. OPEC and Russia are trying to survive from lower oil prices. Japan is trying to survive from negative interest rates and deflations. Governments are supportive to capitalists and central banks are supportive to governments and capitalists had created huge bad debts and leverage which can dangerous for common public of all over the world. All central banks are doing whatever is not impacting as per their expectations, because they wanted to bail out all leverage by injecting money in systems on threat of recession. Tax payers’ are paying money for these are all bail outs and stimulus. The leverages in system are creating panic and there is a scenario of crisis in everyone’s mind. This can be bust at any point of time. Because of this panic I would like to suggest all nations to make a leverage index same as like volatility index and other indices on their exchanges, which will indicate all the leverages in the system. But indices are manipulated, than how will this not? But something will be to prompt the common public.

Coming back to India, I strongly believe, if FED will not hike interest rates again in this month, (I am expecting 70% chance of interest rate hike of 15 to 25 bps in this meeting of March, because data is supporting that and as per FED market is ready for that (as per Dec-2015 statement)) April month will be the month for big sell-off in all indices in world markets. As per NIFTY prospective current NIFTY P/E is around 20.35 as on 14th March and closed was at 7538.75 (Supports at 7440 & resistance is 7580), means Nifty earning is around Rs. 370.45. Because, if all companies can’t deliver good set of numbers and numbers will reflects any de-growth than it will be impact the P/E, prices and indices. I hope so, gold will be the safe haven and “Cash is King” scenario will be best for sometimes.

Take care of your investments and hopping all will be fine as ‘All’s Well’.

Take Care & Regards,

 Atul Vitha