Sunder’s List

Logo of AirAsia

Roundup: S&P -1.24%, Dow -0.77%, Nasdaq -1.53%, Gold -1.13% to 1,560. London +0.26%. Germany -0.30%. France -0.69%.

Gold started dropping after the Fed hinted that it might slow down or maybe even halt its bond-buying activities before originally planned. While there is no guarantee that will happen in the near-term, the mere hint the Fed is preparing to wind its easing program spooked markets. Already past the “death cross” in India, gold might rebound from its oversold levels, but this may provide an opportunity for more selling. Stay tuned! [stockquote]GOLDBEES[/stockquote]

Sooner or later, all trends end – some more abruptly than others. This is not to say that momentum does not work as an equity selection system. It just does not work all the time. The rule of thumb is that the best performers of the past 6 months to 3 years, tend to outperform in the next 6 months to 3 years. Anything beyond that, usually leads to mean reversion. (Ivanhoff)

The Tata’s are joining AirAsia to enter the domestic airline biz. Malaysia-based AirAsia will hold a 49% stake in the proposed joint venture (JV) and Tata Sons Ltd will have 30%. The Tata’s will not have any operating role in the proposed venture. (Mint)

The housing ministry will revise the Real Estate Bill after builder lobby groups said a clause requiring builders to use 70% of the money collected for a project for that project to avoid delays “wasn’t practical.” (Mint)

Good luck!

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