POSITIVE CRUDE EFFECT

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Investors should preferably invest in companies like
ONGC,
Reliance Industries and
Cairn India,
Particularly if oil continues to scale higher levels. Some other sectors that would be positively impacted because of high crude prices are oil rig companies like
Great Offshore,
Aban Offshore


and ancillaries like
Selan Exploration and
Shiv Vani Oil.

Shipping companies
Varun Shipping,
Shipping Corporation of India,
GE Shipping and
Essar Shipping,
which carry crude, are also likely to benefit as demand will be higher.

World Economic Calendar

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http://www.marketwatch.com/tools/calendars/earningsdaily.asp?cal=2&view=1

http://www.fxstreet.com/fundamental/economic-calendar/

http://online.wsj.com/mdc/public/page/2_3024-intlcal.html

http://www.fxstreet.com/syndicate/calendar/

US Economic Calendar

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Thursday
5/8

8:30 am
10 am



United States
Jobless claims
Wholesale inventories

Canada
None scheduled

5/3
March








--
--

380,000
1.1%

Friday
5/9

8:30 am


7 am
8:30 am
United States
Trade balance

Canada
Employment
Trade

March


April
March



-$61.3B

-$62.3B

World Inflation

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Fed rate cuts contributed to the spike in raw materials costs for foods that has been felt around the globe. Integration of world markets means that subprime mortgage fraud in Las Vegas is linked to food riots in emerging economies.Inflation around the globe is at its peak. It seems like the whole world economy is going to burst like a bubble.

Warren Buffet's Life

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There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:

1. He bought his first share at age 11 and he now regrets that he started too late!

2. He bought a small farm at age 14 with savings from delivering newspapers.

3. He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.

4. He drives his own car everywhere and does not have a driver or security people around him.

5. He never travels by private jet, although he owns the world's largest private jet company.

6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules.

Rule number 1: do not lose any of your shareholder's money.

Rule number 2: Do not forget rule number 1.

7. He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.

8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.

9. Warren Buffet does not carry a cell phone, nor has a computer on his desk. His advice to young people:

"Stay away from credit cards and invest in yourself and Remember :

A. Money doesn't create man; it is the man who created money.

B. Live your life as simple as you are.

C. Don't do what others say, just listen to them, but do what you feel good.

D. Don't go for brand name; just wear those things in which u feel comfortable.

E. Don't waste your money on unnecessary things; just spend on those who really are in need.

F. After all it's your life so why give chance to others to rule your life."

Google Trends

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Google trends is a very useful product from GOOGLE. Gives me the hottest happenings in my country web.

This is nice little useful thing from GOOGLE.

Day Trading

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Need to follow world markets

http://money.cnn.com/data/world_markets/index.html
http://www.marketwatch.com/
http://www.bloomberg.com/index.html

Day Trading Tips

http://www.nsestocktips.com/index.html
http://agvikram.blogspot.com/2008/05/7th-may-2008.html
http://www.marketbhavishya.com/stock.htm

Indian Market Live

http://money.rediff.com/money/jsp/markets_home.jsp
http://nseindia.com/

Market Education

http://www.capitalmarket.com/bulletin/indices/chapter8.htm