Equity Meltdown~Pulling out or Putting In!?

Equity Meltdown~Pulling out or Putting In!?

Answer this to define yourself ~ your Investment Mindset now &  your Risk Profile in general  ?

The Question should be surely in your Mind right Now as continuing Global Meltdown forces India Meltdown too with the Nifty & Sensex sinking over 3.3% today to go sub 7000 & 23000 respectively ~ down 23% in 11 months from the highs of  9119 & 30025  in the first week of  March 4,2015

Had warned you’ll in December 2014 that 2015 will be Volatile & Vulnerable and reiterated it several times in 2015….stated that 2016 looks more ominous

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Stock Markets & the Sensex…Yawn!…Humming Raj Kapoor and his ‘Mera Naam Joker’ song of “Aye bhai jara dekh kay chalo….aage bhi nahi, peeche bhi…. !”

The Sensex is keeping in a small static zone above 16000….Traders and Speculators are Bored..Investors have been bored for some time now !…..Seems only the Brokers and Stock Channels and the plethora of Fundamental and Technical Experts that proliferate and depend on them seem to think that things remain Exciting and Opportunities keep beckoning!…and that “There is Always a Bull Market somewhere “…..Bull

Been humming that Raj Kapoor classic from  his classic ‘Mera Naam Joker’….”Aye Bhai jara dekh kay chalo…aage bhi nahi,peeche bhi,…daaye bhi nahi,baaye bhi…upar bhi nahi,neeche bhi….!”…..Raj Kapoor was a visionary…..and this song was probably inspired by the Sensex !…but Hey ! this movie and the song were born before the Sensex was in 1986,with 1978/79 as the Base Year !

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Calamity Drought and you yet want the Sensex to continue to Celebrate !?

So it’s finally Out…it’s a drought…the short term Monsoon,rather the lack of it, trigger begins to impact the Sensex….I had warned about this on June 24,2009……Click on

 Monsoon Fears fuel Sensex Fears

Liquidity and Momentum and Pacifying,Assertive and Assuring Government and Experts Voices in India and overseas had kept our Sensex on track for new recent highs…Irrational…given the fact that Markets had run ahead of Fundamentals yet again and the Monsoon factor had been ignored

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Even the Sensex seems to be singing out the hits of Mohd Rafi and Kishore Kumar

Borrowing a Shakespeare line  ” If Music be the Food of Love,Play on !”

What a lovely way to end July and begin August….July 31,2009 was the 29th Death Anniversary of the melodious Singer Mohd Rafi and August 4,2009 would have been the day when the eccentric and my all time favourite Singer Kishore Kumar would have turned 80, had he been alive

So on July 31,I made it a point to specifically play all of Rafi’s hits…in fact fell asleep at night listening to  Rafi  crooning out his ‘out of this world’ numbers…‘Gulabi Aakhen’,’Tere Mere Sapne’,’Chaudvin Ka Chand Ho’,’Jo Wada Kiya’,’Yeh Duniya Yeh Mehfil’,’Suhani Raat Dhal Chuki’,’Mujhe Duniya Walon’,’Kya Hua Tera Wada’……

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You got to be Stock Selective at 15500 Sensex Levels…Markets again beginning to run ahead of Fundamentals

This is what I had blogged on October 27,2008

Some Pundits called Sensex of 12000 irrational…some saw irrationality at 10000…So what would they call 7500 ! ? …Begin to slide in now

We saw the Sensex again collapse to 8000 levels in March 2009 after reviving from October end 2008 lows…Then we had the Elections and the Budget and Sensex has crossed 15000 on good momentum….Just be cautious at these levels of 15500….It’s now at an 18 Multiple on FY 10 Sensex EPS…Market ,driven by Liquidity,is yet again living up to it’s reputation of displaying extremes…now it’s beginning to look like exuberance on future growth prospects and the feeling that the worst is behind us….Buoyed by encouraging Q1 FY 10 results so far,the Markets seem to have begun to run a trifle ahead of Fundamentals…that’s what I sense and how I feel….Expect Volatility…Be very Stock Selective  

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Watch out for Tomorrow…Infosys Results may be the cue for Sensex to correct further

Watch out for Tomorrow !

Rains are not falling…but post budget the Sensex is…..From 15100 levels on Monday before Pranab Mukherjee began his budget speech to @ 13750 at closing today

Come tomorrow,Infosys is expected to provide a cautious guidance and a Q1 EPS of under Rs 24.These Results may just be the cue for a further Sensex correction tomorrow

Rains,rather a lack of it, remain a big worry…52 Districts in UP have received just 46% of Rain….A drought situation may emerge in this Big State

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