Thursday, June 08, 2006

Bearish on the Markets

It sounds a tad anti-patriotic, especially with the thought of small time investors, who (very unwisely, I might add) bet their last remaining shirt on the market, before digging into their child's piggy bank for more, to pray for the Market to crash further. However, as always, Mammom wins over the milk of human kindness, which tends to surge sub-optimally with the mention and glint of filthy lucre in the eyes.

Thus it is, that unlike others, who actually have money stuck in the sinking abyss of the Indian Stock Market, I wait with bated breath and greedy eyes for the market to fall further... each point is as the tinkling of a hundred purses of gold; for you see, it is my stated and yet underhand intention to follow my unfortunate peers into the market. The difference, as they say, lies in the timing.

For you see, with the market on such a low, millions of panicky aforementioned investors (having bet their last shirt and child's pig) are selling their treaures for any price they get. They further sink the market, and I get better opportunities to bite it in the ribs and stay with it for the rise.

The risk of course is that it won't rise; however fundamentals say that the Indian Economy has not undergone tectonic shifts in the recent past and my intestines tell me (purely in the spirit of friendship and co-operation) that it isn't over-valued either. The foreign investment continues to pour in, the students continue (at least till the time the ceiling falls in and the Reservation Bill is passed and yes, I am still sore on the issue) to excel and the growth continues skywards.