What does it take to trigger a crash in the stock market? A once-in-a-century pandemic? The biggest war in Europe in 70 years? The US Federal Reserve instantaneously cutting off the supply of the opium of record liquidity and low interest rates? Multi-year high inflation? How about black magic? The Oxford Dictionary defines black magic as a type of magic that is believed to use the power of the devil in order to do evil. In a world where boring financial data, profit and loss statements, and complex macroeconomic events sway the everyday movement of stock prices and stock indices, one Rajkot-based stockbroker claimed last week that he spent more than Rs 8 crore to engineer a multi-day crash in the stock market with the help of esoteric black magic. Close “We are responsible to a great extent for today’s fall and the fall of the past few days in the market. You won’t believe it, but we have spent over Rs 8.5 crore today in kala jadu (black magic) to create … [Read more...] about A lone bear, black magic and a $235 billion stock market crash
Bear run vs bull run
Senate’s ‘seatmates bloc’ continues to expand
Senator Nancy Binay. PHOTO FROM THE OFFICE OF SENATOR NANCY BINAY Five senators belonging to the Senate’s so-called “seatmates bloc” have been joined by four others, including “papa bear” and “mama bear,” in what appeared to be a formidable force forming in the upper chamber. They are now called the “seatmates plus,” Senator Nancy Binay said in an interview over DWIZ on Saturday. “Ako yung plus. Si Senator Loren (Legarda), si Senator (Richard) Gordon at saka si Senator (Cynthia) Villar,” Binay said. The original seatmates are composed of Senators JV Ejercito, Sonny Angara, Juan Miguel Zubiri, Sherwin Gatchalian and Joel Villanueva. Last Wednesday, Ejercito posted on social media his photo with other members of the seatmates bloc and Binay having dinner in an undisclosed location. Asked why they were incomplete in the photo, Binay said: “Oo kasi si Senator Cynthia, di nakasama noon… Mama bear e,” followed by a hearty laugh. (Yes, because Senator Cynthia wasn’t able … [Read more...] about Senate’s ‘seatmates bloc’ continues to expand
The Top 10 Stocks to Buy in 2022
There are literally thousands of publicly traded companies you can invest in, not to mention the many ETFs and mutual funds you can buy, so it's not surprising many investors don't know where to begin. While I don't have a crystal ball that tells me what stocks will deliver the best returns, I've tried to do the next best thing here. In this article, I'll discuss 10 stocks that I think could be great buys in 2022 for long-term investors looking to put money to work. Before we get to the stocks you're here for, let's acknowledge three caveats: Choosing the best stocks to buy today heavily depends on your personal financial situation. To get a feel for where you stand, read our guide on how to invest in stocks . It walks you through topics such as establishing an emergency fund, allocating assets, and when it makes sense to buy stocks. I like these stocks for long-term investments. I have absolutely no idea what they'll do over the next few weeks or months. While I ensured … [Read more...] about The Top 10 Stocks to Buy in 2022
Parliamentary panel terms drone ‘misuse’ a significant threat, asks MHA to create anti-drone tech
Representative image. While claiming that “drone technology poses a significant threat to governments…”, the Parliamentary Standing Committee on Home Affairs urged the Ministry of Home Affairs to create a pool of anti-drone technology and let all States and Union Territories access it. The committee also sought and received information from several States, including West Bengal and Punjab, regarding the steps taken to deal with drone attacks. These recommendations and inquiries are part of the committee's 237th report on Police — Training, Modernisation and Reforms, released in February 2022. They come at a time when the Indian government has been trying to give the sector a boost through its Drone Rules – 2021, and the more recent PLI Scheme for Drones . In addition, there has also been a growing impetus for the use of drones in varied industries, including agriculture and health (medicine delivery). “The Committee... recommends that the MHA may take up with concerned … [Read more...] about Parliamentary panel terms drone ‘misuse’ a significant threat, asks MHA to create anti-drone tech