Pluses and Minuses

Crashing on the head

October 13, 2005 at 11:49 am | Posted in MoneyControl | 1 Comment

Ppl – today the markets crashed. Sensex is down 163 points. With a prediction like ‘Weak opening but smart recovery later’ on the cards, I made an investment in MarginPlus trading and lost Rs.345+brokerages to Bears.

Why? Is the Bull run over? What about Retailers like us? What’s in store? Read on!

Why? Broadbased selling from Fund managers is waht all the news sites are claiming. I say this is a valuable correction for the markets after that 500 point run in 8 trading sessions. The markets are volatile. Accepted. But the strict measures from the Regulators are triggering the bears.
Is the Bull run over? I anticipate a NO for this. But honestly I am not sure. Every Asian market is down these days. Because of the inflation in US and the hike in interest rates. The world markets are always linked to each other. But Indian Market (which experts predict that is in a Super Bullish run) is in it’s nascent stages as a developing nation and the market predictions are: a bottom-line of 18000 and a top-line of 40000 Sensex points by 2010. Bravo!
What about retailers like us? It’s good shopping time. Be it Large caps or the B-group shares; go invest a decent amount. Have a pre-decided profit percentage for the stocks you choose; and when the next bull run is triggered, book profits. Mid Caps are sure gems.
What’s in store for us? My predictions are that from November second week onwards we may see an upward trend in the market. Till then, I forsee a volatile Indian Market, unless some drastic +ve news pops in and triggers another daud. Investing wisley in Mid caps (particularly in Auto, Cement – infrastructure is booming, Tech – Q2 is glittering) and wait could be a decent thing to do now.

So much for the Minuses today. I am holding my calculations for the Pluses now.

Ego climber

October 13, 2005 at 7:24 am | Posted in Lessons Learnt | 2 Comments

“To the untrained eye ego-climbing and selfless climbing may appear identical. Both kinds of climbers place one foot in front of the other. Both breathe in and out at the same rate. Both stop when tired. Both go forward when rested. But what a difference! The ego-climber is like an instrument that’s out of adjustment. He puts his foot down an instant too soon or too late. He’s likely to miss a beautiful passage of sunlight through the trees. He goes on when the sloppiness of his step shows he’s tired. He rests at odd times. He looks up the trail trying to see what’s ahead even when he knows what’s ahead because he just looked a second before. He goes too fast or too slow for the conditions and when he talks his talk is forever about somewhere else, something else. He’s here but he’s not here. He rejects the here, is unhappy with it, wants to be farther up the trail but when he gets there will be just as unhappy because then it will be “here”. What he’s looking for, what he wants, is all around him, but he doesn’t want that because it is all around him. Every step’s an effort, both physically and spiritually, because he imagines his goal to be external and distant.”

Lesson#1: You know everything about market? You can talk in numbers? You never lose? Shake that ego off your back; for ego-climber never actually climbs.