It has been a few weeks since I wrote the first part of the above subject. India's had her elections and I have been comprehensively proved wrong on my prediction about the third front and M (not the current PM) playing a key role. I have read somewhere that only sages and fools indulge in prophecies and I know I can lay no claim to sanctity!! :-) Let us come to the subject at hand. Things are starting to look good now with the stock market smartly rallying by as much as 50% over last few weeks and the India's GDP numbers looking respectable at 6.7% for FY09 with positive projections for FY10. Stock markets are also rallying globally from Russia to Brazil. Note that in the same time crude prices have gone up quietly by almost 50% and by lesser extent, a few more commodities and metals. The world's going gaga over the new American president and his first 100 days in office and there is hope that the downturn has bottomed out even if recovery is not yet at hand. Global econ...