INDIAN MARKETS

It looks like the Indian markets are way up this morning rebounding from yesterday's crushing in light of the railway attacks. Jay Somany and Adam Warner, both of whom write for globaltechstocks.com, recommended buying yesterday after the attacks and in front of the INFY earnings last night. Powering up, I find INFY + 8%, SAY+4.4%, CTSH+4% and IFN (closed end ETF) +2.7%. Jay has been bullish on the Indian group for years now and has made himself and his subscribers plenty of money with his Indian BPO picks. He was screaming buy (mon back) yesterday in front of the INFY earnings, so kudos to Jay.

Market indexes are gapping down a few points this morning and my bet is the gap will be quickly bought. And is the Israel ETF (ISL) the fund to buy today in light of the violence and the reaction to Indian stocks on the day after?