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DOW passes 16,000 - where next?

Good morning, readers.  As the DOW passed 16,000 yesterday, I didn't write anything at that moment.  Regular readers of my column/blog will surely know that I was one of the few to suggest the DOW would go past 14,000 - then past 15,000 (the magic of 15,000) - and only recently 16,000.  I was of the view that the DOW could even do 17,000 this year, in the next five weeks or so.  A thousand points in say 25 working days, is it possible?  I shall wait to assess the markets further before I would commit to such a suggestion. 
 
In the meantime, I imagine a lot of punters will take some money off the table, and put into alternative markets.  India SENSEX has seen more inflows in last few days.
 
If not this year, then certainly I believe the DOW will hit 17,000 in next few months, on the proviso that the feel-good is assisted by the candy distribution, on which the panel will decide in the US this week.
 
That's all for now.
 
I wish joy and success to all my readers, in Netherlands, Fuzhou, California, India, Kenya, Tokyo, etc, etc.
 
Kind regards,
Duru-darshan.
 
Caveat : Everyone trades entirely at their own risk, I am merely sharing my views.
 
 
(c) Copyright  19th November 2013, Durudarshan H. Dadlani.
 
 
 

Inspiration from the LDS Church, Ilford

I was glad to see Terry at the church today.  He has been to the hospital.  Last time he said he was going for a cancer operation.  Today he looked fine.
 
Eleven-year old Brother Joseph Omuroyi was asked to give a talk on Prayer.  He had just been asked this morning, so he gave an impromptu speech : "How can we talk to our Heavenly Father?  Prayer is the basic thing we do, when we get home and at the end of the day."  I am sure we all pray for safety for all our loved ones.  "I know my Father loves me.  Without prayer I wouldn't feel that protection".  
 
Today, we were joined by four new missionaries.  Sister Stoja is from Tirana, Albania.  She stood at the pilpit and made her introductory speech : "I know this Church is true.  I know the Book of Mormon is true.  It is a blessing for me to be here.  I love you."
 
This is a great, democratic aspect about the Church of Latter-Day Saints, all members are allowed, indeed encouraged, to stand at the pulpit and give their testimonies. 
 
Brother Judy (all missionaries are normally addressed by their surnames, unless they choose to tell us their first names) comes from Utah.  He says "When I was little, I didn't like the rules.  But when I came to this Church, I learned that the two great commandments were these: That we should love God our Lord with all our hearts, and all our souls, and all our minds.  The 2nd that we should love our neighbours as we love ourselves.  If we obey these two rules, and have love in our hearts, the other commandments become automatically understood by us."  My sentiments precisely.
 
President Saltzman's daughters are visiting from Utah.  "I feel privileged for the chance to address you. We are all capable of receiving revelations.  The first revelation is that we all have a physical as well as a spiritual identity."  Then he gave the analogy of children learning to ride a bicycle. " We are all capable of receiving revelations.  We have to be prepared to do what the Lord tells us (like the subconscious, me thinks)  If we are not sincere in following through, He will not tell us. 
He is sometimes going to Let Go as we try to ride the bicycle."
 
Later, in the Gospel study class, we all sing Happy Birthday to Sister Grace Patterson, who is here all the way from New Zealand.  It's her 21st.  Happy Birthday, Grace!
 
Sister Kathy Su, who was from Singapore, has gone somewhere else.  Sister Kathy, you were missed.  Also missed Elder Botcha from Andhra Pradesh.
 
I am very impressed by the young missionaries, who have travelled from far and wide, to come and spread the message of our Saviour and Redeemer, whose example of Divine love and understanding has brought all of us together.
 
In His name, I ask for blessings upon us all.
Amen.
(Written by Duru-darshan
Melchizedek Priest, LDS Ilford)
 

Oil price is far too high, despite accomodative policies

For a continuation of the worldwide economic Recovery, in my opinion the price of Oil is far too high  - both WTI and Brent, which hit parity recently and have been both in backwardation on the far futures contracts.
 
The holding of or reduction of benchmark rates in accommodative policies is brilliant, and the only way forward.  The Australian Reserve Bank, U.S. Federal Reserve and Bank of England are setting the tone for continuation of Recovery.
 
Mr Raghuram Rajan has been appointed Governor at the Reserve Bank of India, and assumed his post there on 5th September.  In his name are coded the most fond Hindu wishes in Godhead, just as they chant Raghupati Ragav Rajaram.  Hope he will set policies to utilise the various fiscal tools he has at his disposal, and help renew expansionary growth in the Indian economy.  It is noted that he is a gregarious, media-friendly personality, so presumably the world will hear more about what he has in mind. 
 
Oil price at anything above $85 per barrel is too high, and will continue to slow down the world economies.  When people are unable to feed themselves and their children in Yemen and other places, most of the developing world I would surmise, it is time for the OPEC nations to pause and consider what would be best for everybody.  Growing unemployment in South Africa (over 25 percent) and other countries, where social security is not a state policy, does not indicate a robust world picture.  It is imperative that the Oil price be reduced, for continuation of worldwide economic Recovery, which in turn will be able to sustain infrastructure growth in the OPEC and other nations. 
 
Israel with an unemployment rate of over 25 percent could do with international goodwill for their technologically advanced products, and a peace in that region can only help bring the oil price down and help the economies in that region.  In a cooling off of tensions lies the way forward to peace and prosperity.
 
Enlightened souls who help govern the policies, the duty is yours to do the needful.
 
Kind regards,
Duru-darshan.
 
 

What's happening with the economic news?

Recently I wrote about the Mormon church, about their production of a spiritual musical called Truth shall prevail, being staged at the Chorley, Preston temple in Lancashire.  My blog had over 1600 reads, mainly from Hongzhou in China.  Thank you, dear readers.
 
At the moment the most alarming news is from Zimbabwe, where President Mugabe has been re-elected, amidst complaints that the election has been rigged.  His comeback has been with the announcements of implementing policies of nationalisation of mining and natural resources companies.  Mr Mugabe obviously does not believe in free-market economics, nor does the devout Catholic believe in forgiveness, which he and inter-alia his nation received after he took over the white peoples' farms and handed them out to his cronies and their clans.  A nation that was once the bread basket of Africa has reduced itself to a state of constant shortages of food in the supermarkets, due to neglect of a farming sector that has lost its efficiency;  and loss of credibility overseas which have hampered imports.  Just like Zimbabwe produced the Billion Dollar notes and failed to appreciate that their currency cannot have the status of a world reserve currency, so now President Mugabe... but wait, this devout Catholic and clever student and man of the world will surely not fail to realize that nationalising assets belonging to international companies will lose international goodwill towards his nation.  And while it may be very profitable in the short term, in the long term it would be like taking a slow poison.
I pray President Mugabe's  good sense will prevail and he will not decide on such a brutal policy. I hope this man who likes to be portrayed on his country's postage stamps in the manner of a sovereign, follows policies which will leave his country a legacy where they can trade and interact with the rest of the world as a free market economy, for years to come.   Let there not be a time when the nation once again degenerates into a period of stupor and complacency, like recently when so many years were lost due to loss of goodwill abroad and lack of scientific know-how in the country. 
 
The kind gift of globalisation has been the awareness of the spirit that only with co-operation and fairness in dealings can all the nations prosper, by developing their natural resources and exchanging them with others on a fair basis.  To punish the intermediaries of such development, the international companies who operate within the boundaries and jurisdiction of every nation, would not be a welcome gesture.
 
Mr Mugabe's pronouncements have caused market jitters in the short term.  Hopefully he will heed the wise counsel of his Ministers and allow the development of his nation's enterprises continue with international know-how, expertise and capital. 
 
I have many friends from Zimbabwe at the church, and I wish them and their President well.  I hope Mr Mugabe reads my words, and heeds the advise I offer.
 
Kind regards,
Duru-darshan.
 

Welcome, readers, my posts this month

Hello, dear Readers, my posts this month have been as follows.  There was a slight problem with my Vistaprint site, and I was not getting the up-to-date statistics recently, so in case there has been a problem with the communication, I thought I'd bring you up-to-date with my posts :-
 
1)  Hello, Oakland, Cairo, Goma  16/7
 
2)  In God we trust, Charity, Spiritual and Temporal Blessings  17/7
 
3)  Detroit filed for Chapter 9 Bankruptcy  19/7
 
4)  Hello Everybody...Oakland, Detroit, Miami  21/7
 
5)  Could the Himalayan tsunami have been averted?  22/7
 
6)  Potholes, potholes everywhere...hello India   25/7
 
7)  Right selection, with confidence, will restore Prosperity  26/7
 
8)  Baba Ramdev shop in Seven Kings  27/7
 
9)  'I trust according to the spirit of God that is within me'  28/7
 
As always, I look forward to receiving your comments.  Keep them coming in- at lasts count, I had received a gratifying 806 comments to 1180 posts.  Wey hey, readers, I am glad to hear from you.
 
Wish you a joyful time in your activities.
 
Kind regards,
Duru-darshan.
 
 
 
 
 
 
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Suggest Japan should taper their Stimulus.
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Syria Peace Talks to be arranged for 9th March 2016
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The Affordable Health Care Act - great news.
the British steel industry - and the E.U.
The Chancellor's Autumn Statement
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The Euro Area Stimulus to commence very soon
The future is bright, very bright
The future looks rosy. I believe we shall avoid a recession.
The God Particle.
The Golden Plates and the Inspired Translation of the Book of Mormon.
The Himalayan tsunami
The love of Christ - a strong enough foundation.
The magic of chemistry - partnerships.
The Mormons
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The price of Gold
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The Queen visits Ilford.
The Queen's Speech 8th May
The Queen's speech to Parliament
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The Third Industrial Revolution
The Tools for te nut
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The U.S. Presidential race
The U.S. Property sector, creating $2 Trillion to the good.
The US Housing Market
The Yuan adjustment
To Alexis Tsipras and the Greek nation - growth, Recovery and Prosperity.
Tolstoy would have been as Christ.
Tolstoy's bread crumbs
Touker Suleyman, who bought an ailing company for a £1 and turned it into a £27 Million tu
Trillion dollar coin?
Truth shall prevail - a spiritual musical
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U.S. government funding till November 2016, please.
U.S. should extend the Debt Ceiling, Japan should taper, India should cut the rate, U.K. doing fine
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What can Mr Putin not do?
Who will win the Presidential race?
Why don't the stockmarkets like prospect of a Republican win?
Why I feel optimistic about Greece
Will the DOW reach 18500, or even 19000?
Winds, be thee still.
Wish you a Happy New Year...Prunay le gillon, Oxford and New York.
Wish you a joyful weekend.
With high energy prices, how can British steel industry survive? Yet survive it must.
Work hard, and work for peace....that way may be the noble, dignified way forward.
World Money Show, 8th & 9th November
Worldwide Economic Recovery
Would you borrow from your bank?
www.durudarshan.co.uk
Year of the Monkey.
Yulia Tymoshenko
Zimbabwe - may it continue with fair policies
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