Trifecta

Investors around the world are scrambling to find a safe haven for returns. Unfortunately in current situation there seems to be no right instrument to earn solid positive returns. In addition, the conventional wisdom is proving to be against investor community. The Stock markets around the globe are down at historic proportions including free fall in real estate prices, so are crude and oil prices and so are Gold and precious metal prices. Historically, the gold and the oil prices moved inversely with the stock. That helped many investors to eke out some gains in bad market. This time around Stocks, Oil and Gold are going hand in hand. Interdependencies across the world are bringing everything down and there seems to be no end in sight. So emerging markets are no longer safe havens neither are matured markets…..Gone are the days when the Dow was to touch 20000, Oil was to reach 200/barrel and Gold was to reach 2000. Pessimism is bad for everyone but just like millions other, I am looking for a ray of hope. I am sure the things will improve but sooner the better. While such gloomy scenario continues, I was happy to see a silver lining for someone who I care about deeply. My friend changed his job last year. He left Satyam (way before it collapsed) and joined Chase Bank (one of the “chosen” banks which Fed will save under any circumstances) Along the way, he turned down excellent job offers at Lehman Brothers and Nortel Networks (of course, excellent per standards of year ago) I am so glad all the lucky star were lined up for my friend who chose Chase over all other three. May you keep winning my friend ! And we will score hat trick gains of stock, gold and oil…