Banks and now retailers!!

After a series of banks going bankrupt, we saw Wal Mart coming up with higher results than expected. That did show that fearing recession people have started changing their shopping habits and looking for cheaper options such as Wal Mart.  But that is not the case with all the retailers. Circuit City the second largest retailer of electronics in US has just filed for bankruptcy today. A month ago they sai dthat they would be closing down somewhere around 150 stores and now bankruptcy. Hmmm... The main idea that they have filed bankruptcy is to increase vendor confidence and get their shelves filled up for Thanksgiving.. Once the season goes by I think they would be back in profits and back in business !!

Sachha desi student View: 152 stores closing down and 5 of them in Phoenix. Dude ! So many deals are gonna be there on the items in those stores .. Good man .. get some stuff in pocket and this is the perfect time before we go back to India after one and a half years. Have to take some stuff for long list of relatives.. Sigh !! Who will pay my credit card bill. Wish I could also buy all these stuff and file for bankruptcy to protect myself from debt. ;)  Wishful Thinking !! 

Recovering Economy? A distant ray of light

After eight continuous sessions of fall, Dow finally broke the chain and came up 936 points which is a record in itself: They say it is the highest ever % gain Dow has ever had since 1933. Why 1933? Did it gain much more before 1933 or did it come into existing then?That would be interesting to know and here comes wiki to my help.

The largest one-day percentage gain in the index, 15.34%, happened on March 15, 1933, in the depths of the 1930s bear market.

So today's gain was just 11.1% ...still way to catch up !! Lets wait and watch how the bailout deal is appreciated by the stock investors. We may get a chance to see the record being broken and this time the news headlines might read
"Dow breaks all old records with a jump of 15.35%" :) ...

Indian Sensex also witnessed a huge jump yesterday.. But I am sure that my portfolio is still 50% red and hence I qualify for being a long term investor...

Second Year movie Track

Now that second year has already started and I have an offer in hand, everything seems to be over and movies are what I am concentrating on. I have been watching so many movies that I thought I shoudl rather keep a track of all teh movies. So here is the list of movies I have watche din last 2 weeks

1) A wednesday

2) Kung Fu Panda 

3) Behind Enemy LInes 

4) What Women Want

5) Welcome to Sajjanpur

Yeah thats all for now... Many more to come and I think I should start talking a little bit about my view on what is happening in the US economy. Where are we heading? Nobody cares I know but still no harm in having my own viewpoint. Isn't it ?