Greece, Inflation, Fears and Experts
I feel Indian markets are a buy on all dips. All this fear of Greece and PIGS and world economic disaster is pure imagination and excuse to bring markets down. We have only recently seen a big recession in US and come out of it unscathed. Greece and PIGS are not going to match that recession.We have also learnt our lessons recently on how to deal with market shocks. So that makes us wiser.Inflation fears are also inflated. Gold is being driven up with speculative interest. Like Oil in the past. So called 'Market Experts' are trying to put fear back in the minds of retail investors.
Indian companies are making good profits and growing well. Indians must believe in our strength. Everyday we read about foreign investors, MNCs trying to look for opportunities to tie up with Indian corporate entities.They do it out of self interest, not for love for India.
Retail investors must be aware of Portfolio Management Services trying to get your subscription for short term and medium term calls. There is no need to trade this market. The intrinsic growth story will take blue chips and fundamentally solid mid cap companies on exponential growth. So just buy and hold them.
We await Supreme court judgement in RIL-RNRL case this week. Hopefully national interest will prevail. We do not want a delay in judgement and we want clarity in energy policy. That is the need of the hour. Ambivalence, procrastination is bad for good governance.
Finally I await a good monsoon rainfall. we need our rivers and dams full of sparkling water. That would be ideal to take Sensex to higher highs.
rgds
Vibhas
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1 comments:
Hi Vibhas!
nice to see your comments on the muck churned up by the PIIGS! Yes, our fundamentals are still good. The last downturn was a good lesson on the resilience of the markets. One just needs the patience (and some money at the right time!) to take home the money. Sure, Stock Markets are not the place to put your "essential" or "planned for", or borrowed money.
Its a long and patient wait for 'investing!"
Tried my hand at Swing Trading in the last two months. Made a pile in the first few trades. Thought i was smart. Tried daily monitoring. Heady experience with hearbeats racing to "daud ke kadam taal - knees to your chest" level. Got screwed ("lubb-dubb" got replaced by "fear-greed-fear-greed". Just managed to cut positions to nominal levels. Jesse Livermore came to mind. "You may be smart, buddy; but I am way too smarter" said Mr Market.
I am presently off "futures". Would like to hear your take on this interesting aspect of markets. heard that if you limit your losses to say 2% of your "seed" capital and let your profits ride with trailing stop loss, you can still come a winner.
If you'd like to strictly limit this blog to fundamental growth stories, you may like to write to me on my e-mail. But I still feel my experience is worth sharing with other new comers to "investing" who get trapped into analysing the mind of the market for quick a9sometimes spectacular) gains only to lose all in the next few trades.
Incidentally, what's your call on Relcom, Bharti, TTML and Paramount Commn? Am holding them for long and they are the deepest unappetising red colour you can imagine!
Regards,
kc
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