28 Feb 2008 :- Markets to open lower

Re is rising and dollar is falling. This is not good news for the IT sector but again Railways upgrade is seen to put it back on track. Lets wait and watch which way the investors swing.

And more bad news from US - Jan durable goods orders fell 5.3 percent so there are again fears of recession. To hell with this data, its not helping anybody. Bloody Indian Markets are just tracking the US and European markets. When the markets fall some analysts come forward and say 'oh! we are in a bear market' and the next day markets go up and suddently a new crop of analysts come up and say 'oh! this bear story is bullshit'. I see them more like cricket commentators who cannot predict upfront if the pitch is an easy or a difficult one. They always pass comments after things are done. Analysts seem to fall in the same category.

RK