Bloody Monday

Wall Street's worst fears came to pass Monday, when the government's financial bailout plan failed in Congress and stocks plunged precipitously -- hurtling the Dow Jones industrials down nearly 780 points in their largest one-day point drop ever. Credit markets, whose turmoil helped feed the stock market's angst, froze up further amid the growing belief that the country is headed into a spreading credit and economic crisis.

Oil spikes $25 a barrel on anxiety over US bailout

Oil prices spiked more than $25 a barrel Monday -- the biggest one-day price jump ever -- as anxiety over the government's $700 billion bailout plan, a weak dollar and an expiring crude contract ignited a dramatic rally

Fall of the mightiest!

A strategy report on Lehman Brothers’ website (which still exists!) talks about the benefits of investing in value stocks as opposed to growth stocks that were no longer cheap at the time of release of this report (April 2008). Interestingly, the report lays specific emphasis on investment in stocks of financial companies.
The writer of the report then thought that stocks of financial companies comprised around 80% of deep value stocks available in the US markets. Simply put, ‘deep value’ stocks are those that are attractively priced in relation to expected future earnings growth.
Look what has happened to these stocks thereafter (including the ensuing performance of Lehman’s stock)!


Source : Yahoo Finance

Indian Stocks with Highest and Lowest Avg Rating

Bombay 500 Stocks With Highest, Lowest Average Analyst Rating


The following tables show the highest and Lowest average analyst ratings for stocks in the Bombay 500 Index as of Aug. 14 2008.
assigned a number to each rating that ranges from 1 to 5, with 5 being the highest recommendation. To calculate the average, these numbers are added together and the total is divided by how many recommendations were made during the past 12 months. The target price is the average of analysts' 12 months predicted price. Only companies that have at least three analyst ratings are included.

Click on the image below to enlarge.

Source : BloomBerg

23% Decline

Dow Fallen more than 23% since October 9 2007.

Dow Jones fallen more than 23 percent since reaching a record close of 14,164.53 on Oct. 9 last year and currently trading at 10,605.

Lost 450 points today.

Gold's Biggest Gain

Gold prices post biggest 1-day gain ever

Gold prices exploded Wednesday -- posting the biggest one-day gain ever in dollar terms -- as fears of more credit market turmoil unnerved investors and triggered a flood of safe-haven buying.

Gold for December delivery rose as much as $90.40, or 11.6 percent, to $870.90 an ounce in after-hours trading on the New York Mercantile Exchange after jumping $70 to settle at $850.50 in the regular session. That was the biggest one-day price jump ever; gold's previous single-day record was a $64 gain on Jan. 29, 1980.

Stocks By Sector

Keep an eye on the below stocks.


Telecom Stocks
Kavveri Telecom
Spice Mobile
Spice Communications
Tanla Solutions

Metals and Mines
Balasore Alloys
Welspun Gujarat
Rohit Ferro Tech
Navabharat Ventures
Gujarat NRE Coke
Sesa Goa

Agriculture
Jain Irrigation
Riddhi Siddhi Gluco Biols

Infrastructure
Larsen and Toubro (L&T)