Markets specially in US are being completely governed by Fear right now , with no positive cues in sight.Lets take a REALITY CHECK of our markets..In general leaving aside a few select Index shares most shares are below the oct'08 lows..almost between 5-15% maybe of january2008 highs..so whether index is at 2650- 2550 or at 2250 how does it matter to the investor..Wise people recommend BUY when there is FEAR ALL AROUND ..can we go down to any levels which market pundits are discussing everyday and all the day..surely we can..they are just NUMBERS in this game now ..I feel time has come when People who are serious stock market investors, to start looking at those shares which they always wanted to buy and are now battered/butchered beyond shape..( put your foot in as no one knows the bottom..)maybe keep away from those index propping shares which will face the music on the day of the panic......My submission is if you have survived your buys of 6000-4000 levels and are still around the markets ..buy around these levels wont kill.. get out of this index levels mind game..look beyond that..THINK ABOUT IT??????..time is coming to take the call with the mind rather than the heart....enjoy the weekend & the coming holidays next week..cheers.
ps: your views on this will be welcome.
3 comments:
sorry for not rading yr t in the morng n not agreeing to yr views of late. but 2day our wavelength matched. i hv been nimble on all three occassion when mkt reached 2500-2600 level n bought and as a hedge bought 2500p this time only. i have a feeling this is the last or probably the penultimate month of mkt bottoming out. let's see. but as of now only nifty bought. cud not make my mind on sectors or specific stock to buy
Hi...Rajan,
You are always brief and precise in your daily market commentary. I like it as always.
Today, you came out and let people know a bit more about stock picking strategies.
Very commendable , indeed.
Best regards.
ilango
thanks guys for you support..gives a good fillup to ones thoughts in this maddeening time..cheers
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