India

• Bookkeeping: Closing Both Indian Banks- I have been waiting for some sort of financial bounce to close out both the Indian banks - unfortunately we have given a lot of unrealized profits away in this "death to buy and hold" market, but despite these gosh awful charts we have been able to sock away $2500 in gains in ICICI Bank (IBN) and $1100 in HDFC Bank (HDB). Obviously profits were far higher say 60-90 days ago. The former has bounced from $21 to $30 (+42%), and the latter $61 to $76 (+25%) in the past week so it's a better time to sell than in the panic. Why Indian banks are selling off as bad or worse than their US counterparts is beyond me but that's the market logic.