Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌



Wednesday, May 01, 2013

Wall Street Falls On Growth Worries As Commodities Slide
[Editor: This indicates that the US Fed, will continue with its ME program or in other words the U.S. central bank is expected to stay on its stimulus course. This might again drive both stocks and commodities crazy. Meanwhile, if our "Ustad" in the RBI, goes for a 25 bps cut in the repo rate followed by a 25 bps cut in the CRR, in the next policy meet scheduled this week, then most of the stocks in the rate sensitive space, will again gain momentum. CLICK HERE. In this direction, IRB Infrastructure Ltd (Rs.116.20) had already been recommended in this blog for a short term target of Rs.126-129]
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NEW YORK (Reuters) - Stocks fell on Wednesday after a batch of economic data indicated weaker-than-expected growth in the world's top economies a day after the S&P 500 index closed at a record high.

Private employers added 119,000 jobs in April, well below economists' expectations, and a separate report showed the manufacturing sector expanded only modestly in April.

Adding to concerns, growth in China's factory sector unexpectedly slowed last month as new export orders fell, raising fresh doubts about the world's second-largest economy after a disappointing first quarter.

Materials and energy stocks led declines as expectations of slower growth sent prices of basic materials lower. An index of commodities (.TRJCRB) fell 1.5 percent while the S&P energy index (.SPNY) slid 1.2 percent and the S&P materials index (.SPLRCM) lost 1.2 percent. Copper prices fell 3.7 percent, the most in a day since early April 2012.

"There is concern in the market because numbers are coming in a little bit soft in several areas," said Terry Morris, senior equity manager of National Penn Investors Trust Company in Reading, Pennsylvania.

The S&P 500 has recently ended sessions much stronger than its early lows as traders buy equities on signs of weakness.

"The trend is higher, and investors want to buy on dips," Morris said. "Stocks still are attractive relative to other asset classes."

Disappointing results from companies, including MasterCard (MA.N) and Merck (MRK.N), were also weighing on the market.

Of the 342 companies in the S&P 500 that have reported earnings so far this season, 68.7 percent have beaten expectations and 43.2 percent have reported revenue above forecasts. Over the past four quarters, 67 percent have beaten earnings and 52 percent have beaten revenue expectations.

The Dow Jones industrial average (.DJI) fell 93.93 points or 0.6 percent, to 14,745.87. The S&P 500 (.SPX) lost 10.16 points or 0.6 percent, to 1,587.42. The Nasdaq Composite (.IXIC) dropped 24.23 points or 0.7 percent, to 3,304.56.

April marked the S&P 500's sixth consecutive month of gains. On Tuesday, the benchmark index closed at a record high.

The S&P 500 is up 11.3 percent so far this year.

The Federal Reserve is scheduled to issue a statement at 2 p.m. (1800 GMT) after its two-day meeting on monetary policy. The U.S. central bank is expected to stay on its stimulus course.

CVS Caremark (CVS.N) shares hit a fresh record high after the pharmacy health care provider posted higher-than-expected earnings helped by more profitable generic drugs and a severe cold season that boosted sales at its drugstores. Shares rose 1.2 percent to $58.87.

MasterCard Inc (MA.N) shares dropped 2.8 percent to $537.59 after the world's second-largest credit and debit card network reported revenue fell short of the average analyst estimate.

Merck & Co (MRK.N) reported lower-than-expected first- quarter sales as generic competition hurt demand and a stronger dollar hit overseas sales. The stock, a Dow component, was down 2.4 percent at $45.86.

Shares of wireless carrier T-Mobile US (TMUS.N) rose 6.9 percent to $16.40 in its debut on the New York Stock Exchange. The company was created by the merger of MetroPCS Communications and Deutsche Telekom AG's


(Reporting by Rodrigo Campos; Editing by Jan Paschal)

Courtesy: Yahoo.com