A load of crap from an idle brain

After a spectacular 100% rise from 2008 levels, the markets moved into a bubble territory.  The Greece debt downgrading to junk status might be the needle that would prick the bubble.

For an ordinary man on the street, its a disaster.  For the newscasters, its breaking news.  For a long term investor, its a good time to buy some great stocks at fabulous prices.

A leading credit agency lowered Greece’s rating to junk status, dealing a blow to an international rescue plan for the country and hammering U.S. and European stock markets.

The junk rating, unusual for a developed nation, deepened fears that big fiscal deficits and debt burdens elsewhere could threaten the economic recovery in Europe. Stock markets on both sides of the Atlantic tumbled about 2 percent or more after the downgrade by Standard & Poor’s.

The downgrade fanned investors’ doubts that the proposed economic reforms in Greece will go far enough to prevent the country from spiraling into even deeper trouble. It also presented a new obstacle to the planned $60 billion bailout from European governments and the International Monetary Fund.

Full news here

As i write, the BSE Sensex is more than 250 points down from yesterday’s close.  Portugal also has been downgraded. With Ireland, Italy, Spain also in the line, there seems to be long dark days ahead.

Hope the Sensex collapses some more over the next few weeks to settle around 15-16k. So that i can do some bargain hunting

Above picture source: Tribune

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More here.  And now, it would be worth watching if the perennial losers in the semi finals of the Champions League will lift the coveted trophy.  More power to the blues to take on the reds

Ancelotti brings with him a huge legacy.  A Champions league trophy winner twice each as a player and as a manager, he will have huge expectations to live up to.

Picture source: Chelseafc

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The world’s favorite jeweller opens the world’s biggest jewellery showroom in Chennai, India. With over 70,000 sq. ft of premium jewellery shopping in the heart of Chennai, Joyalukkas jewellery offers consumers more than a million exquisite jewellery designs from master jewellers in India, Bahrain, Turkey, Singapore and Italy.

With the opening of the first showroom in the Gulf in 1987, the Group has achieved enormous growth, with over fifty stores in the GCC alone, plus London and New York. By 2009, the Group aims to open over 100 showrooms in India and the GCC. The world’s largest showroom in Chennai is an evidence of the growth of the Joyalukkas Group, and has been made possible by the vision of Mr. Joy Alukkas, Chairman, Joyalukkas Group.

Joyalukkas is a household name among the expatriate population in the GCC, including those from India, Pakistan, Sri Lanka, Bangladesh, Philippines and other Asian countries, apart from a large number of international shoppers, the legendary quality of Joyalukkas products have helped the Group to expand into a number of industries that have been enthusiastically received by its loyal customers. The Group now has operations in areas of fashion, information technology, media, money exchange and gold trading.

With an entire floor of the store dedicated to diamond and platinum jewellery customers will be able to chose from a plethora of diamond and platinum jewellery designs in the form of necklaces, rings, ear rings ,bracelets and more. Joyalukkas only offers 100% IGI certified flawless Belgian cut diamonds, and a 100% PGI certified, Platinum jewellery, which ensures that only the highest quality of materials are used to create masterpieces which is a term synonymous with the Joyalukkas brand. All the gold jewellery available within the store is a 100% BIS certified and customers who purchase any gold and diamond jewellery are assured a 100% lifetime money back guarantee.

Full article here

Joy Alukkas website

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