You can't escape the bad news in India that made 2011 a year to forget. The SENSEX fell more than 25 percent off its 2010 high; industrial productivity hit its lowest mark since 2009; and GDP growth was far below mainstream analysts' expectations.
The nation's politics remain paralyzed, with parliament having passed only 22 laws in 2011, the second fewest since 1952. The government backed down from its decision to open the nation to foreign big-box retailers. Social activist Anna Hazare went on a hunger strike in December to protest the government's failure to pass an anti-corruption bill, as it had earlier promised to do. Parliament adjourned for the season after a lawmaker grabbed papers from a minister and flung them across the room. The opposition has since called on the prime minister to resign, accusing the government of choreographing India's "biggest-ever parliamentary fraud" and committing the "murder of democracy." (FT) In another sign of the extreme negative mood, Indian courts ordered two dozen internet-related companies, including Google, Facebook, Microsoft, and Yahoo, to remove "anti-religious and otherwise objectionable content from their sites." (Marketwatch)
The business community also despairs about the political and financial paralysis. After interviewing Ajay Piramal, a billionaire who is "sitting on a mountain of cash" yet "struggling to figure out what to do with the money," the Associated Press reported his opinion that the problem "isn't opportunity … It's India."
To conventional market analysts, this dismal state of affairs in India is a cause for concern. But here at EWI, our analysts don't follow the crowd, nor do they look at the markets with conventional eyes. They examine the objective Elliott wave patterns, technical indicators and measures of social mood to give you an independent and unbiased perspective.
That's why when the editor of The Asian-Pacific Financial Forecast, Mark Galasiewski, went on India's Bloomberg UTV in December, he was the only forecaster on the show who didn't throw in the towel about India's financial future in 2012.
In the new Asian-Pacific Financial Forecast, he shows a different picture of what India's abysmal news might mean in light of a crystal clear Elliott wave pattern, momentum, retracement and the movement of two specific, related indexes. It all points to one clear -- and surprising -- picture for 2012 that you won't read elsewhere.
Find out why he writes, "The current juncture is the most exciting in months." Put this analysis on your screen in minutes via a risk-free subscription to the Asian-Pacific Financial Forecast Service. Learn more below.
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Here's what you get:
The Asian-Pacific Financial Forecast
Editor Mark Galasiewski's insightful and useful commentary on the major stock indexes in Japan, China, India, Australia, Singapore, Hong Kong, Taiwan, Korea and more, plus the region's financial and social trends has prompted one subscriber to write that Mark clearly has his "finger on the pulse of the local scene here."
The Asian-Pacific Short Term Update:
Timely analysis and forecasts for the major stock indexes in Japan, China, India, Australia, Singapore and Hong Kong, plus occasional updates for Taiwan, Korea and other Asian-Pacific nations. Editor and award-winning market technician Chris Carolan keeps you abreast of market moves between the monthly Asian-Pacific Financial Forecast issues, while also providing valuable commentary on debt and forex markets.
The Elliott Wave Theorist
Trusted since 1979, Bob Prechter’s straight-talking Elliott Wave Theorist is the bedrock of EWI analysis. Delightfully contrary, refreshingly logical and downright accessible, the Theorist is a must-read for every independent investor. You get thought-provoking analysis and forecasts on the intermediate- and long-term direction of the financial markets, critical trends in investor psychology plus timely in-depth research and insights you’re guaranteed not to get from any other source.
5 Reasons to Begin Your RISK-FREE Asian-Pacific Financial Forecast Service Subscription Today:
- You can invest in Asia long-term with someone on your side who knows the region. Mark Galasiewski, editor of the monthly Asian-Pacific Financial Forecast, lived and worked in Asia through most of the 1990s. He's fluent in Japanese and conversant in Mandarin Chinese. Few U.S.-based analysts are better equipped to bring you "tomorrow's news today" from the Asian-Pacific region.
- You get short-term commentary from an award-winning analyst. Long-time EWI subscribers will recognize Chris Carolan's name. This "technician's technician" received the Charles Dow Award (1998), and has 30 years of financial experience as a floor trader, market-maker and analyst. He delivers his expertise in the pages of The Asian-Pacific Short Term Update each Sunday, Tuesday and Thursday, with in-depth coverage of the region, so you’re prepared for near-term action throughout the week before the markets open.
- You get occasional special commentary on opportunities in "overlooked" markets. These overlooked markets include the Philippines, Malaysia, New Zealand, Indonesia and the Near East. The Asian-Pacific Financial Forecast Service also includes occasional commentary on debt and foreign exchange markets. You can also count on insightful perspective on unfolding news stories and how they relate to the region's social mood.
- You get forecasts and insights across multiple time frames, from 3 publications that keep you ahead of the herd. The Asian-Pacific Financial Forecast Service is indeed 3 publications working together to present opportunities and identify dangers mainstream experts cannot anticipate. Our analysts' work is never biased by herd psychology or past market performance.
- Subscriber-Only Extras -- FREE! Your risk-free Asian-Pacific Financial Forecast Service subscription gives you instant online access to EWI's advanced Elliott wave tutorial, classic EWI reports, multimedia files, answers from analysts on EWI's Message Board, educational tools, and more. Best of all, it's completely free.
