Wish

Oh Lord - give me patience - NOW!!

Jet is flying the good times

Jet and Kingfisher have finally decided to be 'friends' to tide over the downturn in the economy. As they say, in business, film industry and politics, there are no permanent enemies or friends. Not so long ago, Mallya implicated Goyal, not so overtly, of using his political nexus to thwart Kingfisher's launch and expansion plans. Now, they have joined hands in a purely 'platonic' way.

Welcome to the new cartel of Indian airline companies. First, Kingfisher bought the low cost carrier Deccan and slowly started increasing fares thereby putting a spanner in the growth of low cost sector. This gave other low cost airlines good opening to increase their fares. Now this 'friendship'.

Inspite of crude prices falling from their high of $150+ to $80 today, the prices of air travel which was increased due to hike in crude has not decreased. With this 'friendship' one can only assume that it will either stay there or go up. I hope the MRTP guys are not sleeping and will look into this 'friendship' more closely to ensure that monopoly is not created as these two now will own about 60% of the market.

The current news is that they have invited Indian to join hands with them. Trust Mallya to go for a 'threesome'. He is not known as the king of good times for nothing.

Customers get ready to get 'screwed', again and again and again......

Sensex - smile

I hope the guy in the pic below and million others would be smiling today. With this upside rally, I pray that some of them who are stuck with capital erosion are able to make some profits or atleast recover their capital and exit.

There are certain things which you should never 'try' to time or outguess:

1. Markets
2. Nature
3. Women

In all of above, the chances of looking like the guy below are pretty high.

Sensex - pic is worth a thousand words

Nothing can explain the gloom due to sensex better than this picture.

Great pic from Rediff.

End of Capitalism

Lehman's bankruptcy.
Merrill's takeover.
Goldman's and Morgan's conversion from investment banks to commercial banks.
Bail out of AIG, Freddie, Fannie and Bear Stearns.
Relief package for troubled loans.
Takeover of top three Icelandic banks by its government.
Ban on short selling.

Is this the end of Capitalism (greed, greed and more greed)?
Is this the beginning of 'Socialist Capitalism'?
Does it mean India's philosophy of socialism in capitalism was right all along?

Smoking Ban - more

In addition to non smokers, there are of sections of society which are thankful for the ban.

• Chai wala /Chewing gum wala
  
• Rehab Clinics
  
• Better halves/Partners - Now they don't have to put up with the nicotine breath in the name of love.
  

Sometimes, the government does good things.

Sensex

What sensex needs right now is a 'viagra'. This is a classic case of not keeping fit as youth leads to requirement of artificial boosters in later stage. Only if sensex was trim, fit and not bloated in Jan this year it wouldn't have seen this meltdown needing a CRR cut, the viagra i mentioned earlier, to keep it 'UP'.

But like Viagra, it will only prop up for a short time. What next?

Warning: Regular doses of viagra might cause dangerous side effects.