The Last week that was in the financial markets

1. China meltdown due to regulatory tightening on market manipulation
2. SEC charges 14 in insider trading case of 2001
3. Golman Sachs, ML are junk, say own traders
4. Yen carry trades unwinding, some people trying to measure immeasurable
5. Allan Greenspan says US slowdown possible
6. BoJ likely to hike rates forcing Yen carry traders to unwind EM positions
7. Marc Fabre says market yet to bottom, will touch May 2006 lows
8. Astrologers say Saturn opposes Neptune…bring catastrophic market decline
9. Chartists say markets will crash, stay away, and go short
10. Budget – not good, very bad
11. Budget – Narayan Murthy says Chidu missed the opportunity
12. Budget – variety of brokers say budget piches here and little comfort there
13. Chidu has projected lower growth in India's corporate tax collections in 2007-08 budget, which indicates he himself is in 'bear camp' and expects corporate earnings to slow down.