Saturday, October 25, 2008
Human Psyche To Believe In Illogical Things
Its sometime funny and irritating to read people's comments on the financial portals (or should I say finance advertising portals, they are more or less the same. Isn't it!!) like moneycontrol or paisacontrol. I remember one of the comment on moneycontrol in which a guy was urging people to buy a company share suggesting that it'll boost by 20% the next day. How the heck can somebody say that! As if his father owns the company and tomorrow they are going to wake up and put some million dollars into market by buying their own shares. Bull shit!! The problem is that most of the people get influenced by these sorts of comments. It is something like some of your friends asks you for a smoke and you succumb to it even when you decided not to smoke. Take another example, Sometimes we just tease a friend with a girl name, taunting him about the imaginary relation between him and the girl and in most of the cases find the guy developing a feeling for the girl. What I am trying to say here is that sometimes we just start believing in illogical things just because they have been said repeatedly by multiple people. As it is in most of the cases, it hurts us big time. We should be really careful while giving and taking advice from people. By the way that share dropped by 20% the next day....
Thursday, October 23, 2008
Market News
The recent turmoil in the global markets has created a big panic in Indian investors as well. The sensex is touching new lows every week! Investors have become pessimistic and are trying to short sell everything. Sebi is trying its best to control it but the kind of recession we're witnessing globally is bound to take its toll on Indian market. The recent move by Sebi to disapprove overseas lending and borrowing by FII's is one of the measures. Although one may say that it is not the right move since short sell is really not the reason of prices going down.
In my opinion, the long term investor should not worry much as the Indian economy is still growing at more than 7% and will grow at the same rate in the coming year as well.
In these challenging times, this rate is pretty good. The current picture is not rosy though! Although there is some sort of rally in the past few days but it is very clear that it does not have legs to go far. The upward trend will be seen only when people have some sort of confidence to invest money in the market. Seeing the current situation globally, it might take 6 months to 1 year.
Index todayLink
Talking about Software Industry in India, I think it is a mixture of good and bad news for them. Strengthening dollar has increased the margins for them but on the other side, there is a huge impact to the business due to the global recession and this will surely show up in the coming quarters. I myself work in a software company and have seen quite turbulence in the company recently. There are lots of changes happening in the policies to help the cost cut. The trigger though was given by the clients. They themselves are on a cost cut spree and are reluctant to start the new projects. The real effect will show up in the next six months. Hope everything comes on track as quickly as possible.
Peace
In my opinion, the long term investor should not worry much as the Indian economy is still growing at more than 7% and will grow at the same rate in the coming year as well.
In these challenging times, this rate is pretty good. The current picture is not rosy though! Although there is some sort of rally in the past few days but it is very clear that it does not have legs to go far. The upward trend will be seen only when people have some sort of confidence to invest money in the market. Seeing the current situation globally, it might take 6 months to 1 year.
Index today
Talking about Software Industry in India, I think it is a mixture of good and bad news for them. Strengthening dollar has increased the margins for them but on the other side, there is a huge impact to the business due to the global recession and this will surely show up in the coming quarters. I myself work in a software company and have seen quite turbulence in the company recently. There are lots of changes happening in the policies to help the cost cut. The trigger though was given by the clients. They themselves are on a cost cut spree and are reluctant to start the new projects. The real effect will show up in the next six months. Hope everything comes on track as quickly as possible.
Peace
Fortitude
Even though the goal seems far
Go ahead my shining star
Even when things go wrong
don't lose hope as u’re strong
Even when you are sad and down
Grin again as there’s no need to frown
All the problems will sway away
Blessings and happiness will come your way
Co’s even though the goal seems far
U also know its only a matter of an hour
Trailing behind is not your trend
Make it to the end my plucky friend
Go ahead my shining star
Even when things go wrong
don't lose hope as u’re strong
Even when you are sad and down
Grin again as there’s no need to frown
All the problems will sway away
Blessings and happiness will come your way
Co’s even though the goal seems far
U also know its only a matter of an hour
Trailing behind is not your trend
Make it to the end my plucky friend
Market Beat
Hello there. The market fell again today, perhaps following the global cues..Gosh, it has become a trend. Levels matter little now. If FII's sell further the leftover 70 billion USD worth of shares, then we can see more pain in the coming times. I am quite unhappy with myself because of some of my decisions in the last few days. My gut feeling was that the market has reached its bottom and there is only room for improvement here on. I believed so because Indian market is relatively more insulated to global economies BUT one should consider that this kind of global crisis has been seen after a long long time..probably after 1939. Only time could tell us now when the market is going to stabilize.
This is so troublesome for the investors. More so for the day traders. I don't know how are they managing in this kind of market. There is one relief to the common man viz. the inflation rate which is dipping by the day..guess this is relief for the government as well:) Elections are around the corner and they needed to bring down the inflation pretty badly otherwise the anger of common man would bury Congress..though I still believe the bad times are not over for them..
Peace
This is so troublesome for the investors. More so for the day traders. I don't know how are they managing in this kind of market. There is one relief to the common man viz. the inflation rate which is dipping by the day..guess this is relief for the government as well:) Elections are around the corner and they needed to bring down the inflation pretty badly otherwise the anger of common man would bury Congress..though I still believe the bad times are not over for them..
Peace
Qualities of Women
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