If day before it was mayhem, yesterday was mayhem continued. The crash was due to a combination of FII pull out and the unwinding of leveraged positions. The crash has given a great opportunity for value pickers. Since it was not a few stocks that had crashed, but almost all the stocks were down, it was much easier to cash in if you had the cash.
The US Fed concerned by the signs of recession came up with a higher than expected and unscheduled rate cut of 75 basis points. This was definitely a tonic for the Indian markets which are up and going. Today the sensex ended higher about 900 points. The rally could continue tomorrow. But the question is till when?
My blog will mostly discuss matters related to finance, economics, statistics and training. I work for a financial training institute and have experience in development of financial software. My views would generally by shaped by my past experiences. Students of finance could find something interesting.
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About Me
- Akbar Khan
- Financial Analyst with rich experience in conception and development of financial software. Gained expertise in financial educational and appraisal software. Managed a team developing and maintaining software used by major banks in Switzerland and other European countries. Also, headed the fully owned software development subsidiary of a Swiss entity. Working in a small company enabled me to gain expertise in all areas. Managing the expectations of various stakeholders like the shareholders and clients and the employees was the biggest challenge. Currently researching on new ideas and working on business development for the company.
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