Seeking Alpha by Adding Beta

Finally October month is over and as every year, this year was no different as far as market volatility is considered. Let's see how my macro predictions are doing: India's BSE sensex crossed 20000 5-months before my target date HangSeng crossed 30000 Fed reduced target interest rate to 4.5% Dow almost reached 14000 before today's fall of more than 300 points So most of the predictions are on target. So where do we go from here. With credit markets still in turmoil, expect quite a bit of volatility for next few weeks. Almost all big banks are issuing warnings, taking big-baths, creating cookie-jars for future quarters and in the process cleaning up their books. This is good for economy and that's why I love US financial system. Companies/Banks are not kept on life-support as zombies the way other economies. For example, Japan kept their banking system on life-support for whole of 1990's which impacted overall economy and had multiple recessions. I think with Fed