Ledger FY 2012-13

Date	Quantity	Buy Rate	Date	Sell Rate	Return On Investment	Cumulative Return
02/04/2012	50	5320	09/04/2012	5280	-2.34%	-2%
12/04/2012	50	5293	09/04/2012	5280	-0.99%	-3%
12/04/2012	50	5293	13/04/2012	5200	-4.99%	-8%
16/04/2012	50	5250	13/04/2012	5200	-2.84%	-11%
30/04/2012	50	5260	03/05/2012	5226	-2.04%	-13%
25/05/2012	50	4926	03/05/2012	5226	14.67%	1%
25/05/2012	50	4926	31/05/2012	4926	-0.32%	1%
06/06/2012	50	4902	31/05/2012	4930	1.08%	2%
06/06/2012	50	4902	09/07/2012	5280	18.57%	21%
10/07/2012	50	5340	09/07/2012	5280	-3.35%	17%
10/07/2012	50	5340	12/07/2012	5250	-4.84%	13%
19/07/2012	50	5260	12/07/2012	5250	-0.84%	12%
19/07/2012	50	5260	24/07/2012	5160	-5.34%	6%
30/07/2012	50	5180	24/07/2012	5160	-1.34%	5%
30/07/2012	50	5180	29/08/2012	5350	8.16%	13%
06/09/2012	50	5350	29/08/2012	5350	-0.35%	13%
21/09/2012	50	5635	26/09/2012	5645	0.13%	13%
27/09/2012	50	5711	26/09/2012	5670	-2.42%	11%
27/09/2012	50	5711	05/10/2012	5740	1.08%	12%
18/10/2012	50	5735	08/10/2012	5720	-1.12%	11%
18/10/2012	50	5735	26/10/2012	5705	-1.87%	9%
02/11/2012	50	5730	26/10/2012	5705	-1.62%	7%
02/11/2012	50	5730	09/11/2012	5734	0.00	7%
21/11/2012	50	5620	09/11/2012	5734	5.33%	12%
21/11/2012	50	5620	23/11/2012	5630	0.13%	12%
26/11/2012	50	5643	23/11/2012	5630	-1.02%	11%
26/11/2012	50	5643	06/12/2012	5885	11.73%	23%
06/12/2012	50	5940	06/12/2012	5885	-3.13%	20%
10/12/2012	40	5952	13/12/2012	5900	-2.39%	18%
14/12/2012	50	5899	13/12/2012	5900	-0.33%	17%
14/12/2012	50	5899	19/12/2012	5945	1.92%	19%
26/12/2012	50	5900	20/12/2012	5912	0.22%	19%
26/12/2012	50	5950	09/01/2013	5999	2.06%	21%
14/01/2013	50	5998	09/01/2013	5999	-0.34%	21%
14/01/2013	50	5998	16/01/2013	6020	0.71%	22%
17/01/2013	50	6027	16/01/2013	6020	-0.74%	21%
17/01/2013	50	6027	23/01/2013	6050	0.76%	22%
25/01/2013	50	6052	23/01/2013	6050	-0.49%	21%
25/01/2013	50	6052	29/01/2013	6060	0.01%	21%
12/02/2013	50	5972	15/02/2013	5948	-1.59%	20%
15/02/2013	50	5935	15/02/2013	5948	0.26%	20%
15/02/2013	50	5935	21/02/2013	5914	-1.44%	19%
05/03/2013	50	5797	21/02/2013	5914	5.47%	24%
05/03/2013	50	5797	13/03/2013	5905	5.02%	29%
14/03/2013	50	5875	18/03/2013	5840	-2.13%	27%

Current Issue ...

My take on current issue ...

There are persistent issues within & outside system. We have Political pressure, Curr Acct Def sword hanging, reforms not picking up, inflation not coming down & interest rates not yielding desired results. To add to this we have Europe credit issue, US debt issue & overall slowing global economy. We cant ignore what has happened in Cyprus as acc to me its a precursor to things coming. Spain might... be the next to crack. In US there is a clear debt bubble & if that breaks the flight of money away from emerging markets will add to rupee depreciation & gold buying pressurising CAD yet again.

What do we need??? Ministry clearing right projects, kickstarting stalled projects and higher dependence on India growth. While foreign inflows might help us contain CAD for the time being, we need competitive export policies to really plus the hole.

lets hope for some hope ...

Cyprus ....

You can be forgiven for thinking that you don't need to give a hoot about what's going on in Cyprus.

After all, it's just a little island somewhere in the Mediterranean.

But what's going on in Cyprus could actually matter — not just to the rest of Europe, but to the rest of the world.

Here's the short version of what's happening:

Some of Cyprus's banks, like many banks in Europe, are bankrupt.

Cyprus went to the eurozone to get a bailout, the same way Ireland, Greece, and other European countries have.

The eurozone powers-that-be (mainly Germany) gave Cyprus a bailout and insisted that the depositors in Cyprus's banks pay part of the tab — a startling condition that has never before been imposed on any major banking system since the start of the global financial crisis in 2008.

The deal did not touch the bondholders. Why the depositors? These are folks who had their money in the banks for safe-keeping.

When Cyprus's banks reopen on Tuesday morning, every depositor will have some of his or her money seized. The current plan is that accounts under 100,000 euros will have 6.75% of the funds seized. Accounts over 100,000 euros will have 9.9% seized. And then the eurozone's emergency lending facility and the International Monetary Fund will inject 10 billion euros into the banks to allow them to keep operating.

Cyprus's government tried to explain this deal by observing that it was better than the alternative: Immediate bankruptcy and closure of the major banks. In that scenario, depositors would lose a lot more money. Businesses would go bankrupt. And tens of thousands of people would be instantly thrown out of work.

Not surprisingly, news that deposits in Cyprus's banks would be seized triggered an immediate run on the banks.

Depositors rushed to ATMs and tried to withdraw their money before it could be seized.

But the ATMs weren't working. And the government has now made it impossible to transfer money out of the country.

So, assuming Cyprus's government approves the deal (still pending--with the vote now postponed until Wednesday), depositors will have some of their money seized.

Now, half of these depositors are said to be Russian oligarchs and other non-residents. And unless you happen to have the misfortune of having an account in a Cyprus bank, you may not care much whether these depositors have their money seized.

After all, that was the risk they took for storing their money in weak banks, right?

Well, yes, that was the risk they took.

But ever since the Great Depression wiped out a big percentage of the world's banks, vaporizing the bank depositors' savings in the process, banking system regulators have tried to do everything they can to protect bank depositors.

And they are smart to do so.

Because the moment depositors think that there is risk to their savings, they rush to banks to yank their money out.

That's called a run on the bank.

And since no bank anywhere has enough cash on hand to pay off all its depositors at once, runs on the bank cause banks to go bust.

That's what happened to hundreds of banks in the Great Depression.

And it's what happened to Bear Stearns, Lehman Brothers, and other huge banks during the financial crisis (though, with Bear and Lehman, the folks who yanked their money out weren't mom and pop depositors but other big financial institutions). It's what threatened to bring the entire U.S. financial system to its knees. And it's why the U.S. and European governments have been frantically bailing out banks ever since.

But now, thanks to the eurozone's bizarre decision in Cyprus, the illusion that depositors don't need to yank their money out of threatened banks because they'll be protected has been shattered.

Depositors in Cyprus banks will lose some of their money.

They will be furious about this.

And they will, rightly, feel that it is grossly unfair — because depositors in the bailed-out banks in Ireland, Greece, etc. didn't lose their money.

And they will feel like fools for not having taken their money out.

And ... here's the important part ...

Other depositors at weak banks all over Europe, in places like Spain, Italy, and Greece, will rightly wonder whether this is the beginning of a new era of bank bailouts, an era in which bank depositors are going lose some of their money.

What do you think those other depositors in Spain, Italy, Greece, etc., are going to feel like doing when they realize that, if their banks ever need a bailout, they might have their deposits seized?

That's right.

They're going to feel like yanking their money out of their banks.

And if some of them yank their money out of their banks, well — then the financial condition of those banks will go from weak to insolvent.

And the banks will go rushing to their governments and the eurozone for help.

And the eurozone decides to seize the deposits of more bank depositors.. Well, then, a good portion of Europe might suddenly experience a good old-fashioned bank run.

That, to put it mildly, could be a disaster.

It could bring the European financial crisis, which has lurched from one flare-up to another for most of the past five years, to a rather sudden head.

How much would it cost for the powers-that-be to bail out all of Europe's weak banks at once?

A lot.

More than the Eurozone has in its emergency lending facilities, certainly. And more than the International Monetary Fund has on hand.

So the U.S. would probably have to get involved. And, regardless of whether the U.S. got directly involved, the European economy would likely suffer the equivalent of a heart attack.

That wouldn't be good for the U.S. economy.

Or the Chinese economy.

Or any other economy that sells things to Europe.

So, you can see, this little decision to seize a little money from bank depositors in the little island of Cyprus could be a much bigger deal than you think.

It could conceivably precipitate a run on weak European banks.

And a run on weak European banks could hammer the European economy and then the economy of Europe's trading partners. And it could cause global markets to crash.

So keep an eye on what's going on over there in Cyprus.

It's potentially much more important than it seems.

Trade 48

Back to longs at 5875

New Trade

New short trade from 5874 ... SAR at 5875

Date	Quantity	Buy Rate	Date	Sell Rate	Return On Investment	Cumulative Return
02/04/2012	50	5320	09/04/2012	5280	-2.34%	-2%
12/04/2012	50	5293	09/04/2012	5280	-0.99%	-3%
12/04/2012	50	5293	13/04/2012	5200	-4.99%	-8%
16/04/2012	50	5250	13/04/2012	5200	-2.84%	-11%
30/04/2012	50	5260	03/05/2012	5226	-2.04%	-13%
25/05/2012	50	4926	03/05/2012	5226	14.67%	1%
25/05/2012	50	4926	31/05/2012	4926	-0.32%	1%
06/06/2012	50	4902	31/05/2012	4930	1.08%	2%
06/06/2012	50	4902	09/07/2012	5280	18.57%	21%
10/07/2012	50	5340	09/07/2012	5280	-3.35%	17%
10/07/2012	50	5340	12/07/2012	5250	-4.84%	13%
19/07/2012	50	5260	12/07/2012	5250	-0.84%	12%
19/07/2012	50	5260	24/07/2012	5160	-5.34%	6%
30/07/2012	50	5180	24/07/2012	5160	-1.34%	5%
30/07/2012	50	5180	29/08/2012	5350	8.16%	13%
06/09/2012	50	5350	29/08/2012	5350	-0.35%	13%
21/09/2012	50	5635	26/09/2012	5645	0.13%	13%
27/09/2012	50	5711	26/09/2012	5670	-2.42%	11%
27/09/2012	50	5711	05/10/2012	5740	1.08%	12%
18/10/2012	50	5735	08/10/2012	5720	-1.12%	11%
18/10/2012	50	5735	26/10/2012	5705	-1.87%	9%
02/11/2012	50	5730	26/10/2012	5705	-1.62%	7%
02/11/2012	50	5730	09/11/2012	5734	0.00	7%
21/11/2012	50	5620	09/11/2012	5734	5.33%	12%
21/11/2012	50	5620	23/11/2012	5630	0.13%	12%
26/11/2012	50	5643	23/11/2012	5630	-1.02%	11%
26/11/2012	50	5643	06/12/2012	5885	11.73%	23%
06/12/2012	50	5940	06/12/2012	5885	-3.13%	20%
10/12/2012	40	5952	13/12/2012	5900	-2.39%	18%
14/12/2012	50	5899	13/12/2012	5900	-0.33%	17%
14/12/2012	50	5899	19/12/2012	5945	1.92%	19%
26/12/2012	50	5900	20/12/2012	5912	0.22%	19%
26/12/2012	50	5950	09/01/2013	5999	2.06%	21%
14/01/2013	50	5998	09/01/2013	5999	-0.34%	21%
14/01/2013	50	5998	16/01/2013	6020	0.71%	22%
17/01/2013	50	6027	16/01/2013	6020	-0.74%	21%
17/01/2013	50	6027	23/01/2013	6050	0.76%	22%
25/01/2013	50	6052	23/01/2013	6050	-0.49%	21%
25/01/2013	50	6052	29/01/2013	6060	0.01%	21%
12/02/2013	50	5972	15/02/2013	5948	-1.59%	20%
15/02/2013	50	5935	15/02/2013	5948	0.26%	20%
15/02/2013	50	5935	21/02/2013	5914	-1.44%	19%
05/03/2013	50	5797	21/02/2013	5914	5.47%	24%
05/03/2013	50	5797	13/03/2013	5905	5.02%	29%