Clarification on my list of forever stocks that I shared few days back along with the reasons for selecting those stocks as well as criteria for selecting your forever stocks.

The energy situation in India saw some significant announcements recently. The country is expecting to raise its natural gas price by 44 percent.

“I didn’t know what was going to happen the last two years. Why should I know what’s going to happen the next two years?” – Warren Buffet. But some predictions of market move for current week.

Companies outside India can raise capital from the Indian capital market with the Government notifying norms for issue of Indian Depository Receipts ( IDRs ). This has been stipulated in the Companies (Issue of Indian Depository Receipts) Rules, 2004 but there is not even a single company till date after 5 years listed as IDR.

Now US was ( I am saying was and not is ) considered as free trade country but suddenly all the policies goes into the pocket when the situation turns bad and now they have a higher Tax for the companies doing outsourcing.

Global markets went for a toss after Lehman Brothers filed for bankruptcy and Bank of America decided to buy Merrill Lynch for $44 billion. Lehman Brother’s announced that it is filing for bankruptcy came after all potential buyers walked away.

To put it simply, penny stocks are any security available for purchase; however they are not traded on the formal stock exchanges: the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX) or the National Association of Securities Dealers Automated Quotation System (NASDAQ).

Because of crude, inflation and pressure growth rates markets, may not recover but I believe that the market will see downside but does not look like a huge crash right now and markets could consolidate around some range.