Markets: Should You Buy India Right Now?

The market is very high as you know. It's not as though these things are a surprise, that's one reason I'm worried about markets in many parts of the world. 

The American stock markets are trading at an all-time high. Most of the markets in Europe are trading at all-time highs. I don't like buying when things are making all-time highs.

Stocks: I'm Not Buying Anything Right Now

I'm not buying anything right now me here I'm worried about what's happening in the world the world is overdue for a correction and maybe a big correction so at the moment I'm sitting and watching and waiting to see what happen.

Related trading instruments: iShares MSCI Emerging Markets Index ETF (EEM), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares FTSE/Xinhua China 25 Index ETF (FXI), WisdomTree India Earnings Fund ETF (EPI), iShares MSCI Singapore Index Fund ETF (EWS), iShares MSCI South Korea Index Fund ETF (EWY)

A New Asia-based Crude Oil Benchmark

Read Jim Rogers’ latest interview with RT.com here.

Jim discussed several topics including how China, Russia and Iran are planning to move away from the U.S. Dollar creating a new Asia-based crude oil benchmark to compete with Brent or West Texas Intermediate futures. 

Related trading instruments: United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Energy Select Sector SPDR ETF (XLE)

India: The Reforms Undertaken By Modi

Well not much has been done except GST which is huge, which is a very, very big thing.

I hope that they will privatize Air India. I'm not sure why that's such a big thing for Indians. It would be better for India, it would be better for Air India if they have to be efficient and competitive instead of being a protected industry and not offering a very good service to Indians and foreigners.

India: GST Will Make India More Efficient

GST is a miracle! I'm very surprised it went through and it's going to change India completely.

In the long run it will make India cheaper and more efficient for most businesses, it's great for India  and I'm very, very surprised.

Related trading instruments: WisdomTree India Earnings Fund ETF (EPI), Sensex