Osama is dead and Obama is rejoicing the murder. Surely 10 years ago – 9/11 Osama was rejoicing. Is there a difference between the two reactions? Well I do not know….

Taliban moved into the American airspace with American aircrafts….nobody in the USA knew about it…obviously.

Obama moved into Pakistani territory, 30 km from Islamabad, 500 M from a military establishment and killed Osama – whom he could have perhaps taken prisoner (?) …..nobody in Pakistan knew about it….. not so obviously.

Pakistan is now doomed. It can either accept it knew everything (and risk Taliban killing its citizen at a rate greater than the current rate of 50 people a day. Or it can risk the claim that they did not know what was happening – thus accept that they are a terrorist state.

The implication for India and USA is not too great. The markets are also a cause of big worry. They did not react to any of the bad news – Japanese crisis, Middle east crisis, a rogue nuclear state, a rogue Somalia suspiciously close to the insurance providers (!!), Obama killing Osama,…..the right level of the Dow is about 7k.

Scary. 30th June watch out for Ben Bernanke’s dealing with debt. Not sure how many of us are realising the enormity of the US Debt figure. Will do a post on that later :-).

Market is stunningly high in the world scenario….what to do? Search me. I am in equities too, worried yes, but invested yes too….