Alpha Investment Newlsetter Sees 13% Upside in the S&P 500 Index Near Term
Filed under: Americas, Asia-Pacific, Capital Markets, Finance
New York, September 28, 2011 — Note to Investors:
The S&P 500 Index is at a critical support level for the last few weeks and based on the index price and volume behavior on good and bad days, there appears to be a rally waiting to happen in the near future.
It will release the pent up stress of the last 2 months – August and September – during which time, the S&P 500 Index has coiled up hard and absorbed a variety of bad news.
The Alpha Investment Newlsetter sees 13% upside in the S&P 500 Index near term.
To capture this opportunity, the Alpha Investment Newlsetter is buying the S&P 500 Index ETF at the current price of $115 for a target of $130, or $15 per ETF share, which translates to 13% gain. This rally may happen in the next 4-8 weeks in the run up to Thanksgiving and Christmas. Read more
ICICI Bank increases Base Rate and Prime Lending Rate
August 11, 2011, Mumbai, India — ICICI Bank has announced an increase of 0.50% in the ICICI Bank Base Rate (“I-Base”) with effect from August 13, 2011.
The revised rate will be 10.00% p.a. as against 9.50% p.a. at present. With effect from July 1, 2010, interest rates on new loans and advances, including consumer loans, are determined with reference to I-Base.
ICICI Bank has also announced an increase of 0.50% in its benchmark prime lending rate and in its Floating Reference Rate (FRR) for consumer loans (including home loans) with effect from August 13, 2011. The above benchmark rates are used for determining interest rates on loans and advances sanctioned upto June 30, 2010. Read more