Thursday, November 8, 2007

Oh well...

Hey senSEXigens,

Wats up?? Howzzz ur portfolio looking today?? Well, lucky you if ur portfolio is in the green.. Overall, there is a quite of negativity.. The dollar continues to weaken and with credit concerns refusing to abate in USA, the signs aren't that good for the Indian market, isn't that so??

Plus, throw in the rising oil prices to the mix and account the steep increase in the gold prices yesterday and all signs point to a downturn, around a 1% correction in the markets today!! Might be more, after all, we trade more on emotions than fundamentals!!

Whichever way you trade, emotionally or fundamentally, I'm sure many of you have quite a few butterflies in your tummy!! I can only ask you to exercise patience and pray that I turn out to be wrong!! For those of you wanting to enter the market, well, wat better time than now?? Make the most of the festive season with such heavy discounts on offer!! Put ur money in banks and IT stocks!!

N for those of you with no liquidity, well, aaj Indo-Pak ka match hai, y don't you go and enjoy that for a change?? Take ur mind off the market; relax, spend time with ur family, soak in the festivities!! Try and put ur feet up and relax; I know, I know, easier said than done!!

Newazzzzzzz... I still got a lot of work to cover! So me off to my Biotechiesssssssss!!

Wish you all a lovely day and happy choti Diwali!! May the markets be up 5% today, now won't that really spice up the atmosphere??

1 comment:

R J said...

well varun-- HOPE, WISH, FEAR & PRAY are four things, which can ruin you in the stock mkts..

whwn the nifty was at 5980 levels, i advised my clients to short RNRL & RPL without any mercy. price rigging was going on in these stocks.

see the result- in two days my clients have earned lakhs, just by going short.

anyway, india is a long term bull mkt.

happy deewali..

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Tracking the market!!