US-STATE DRIVEN GROWTH

Now the Bulls and market participants across globe are trying to sell a different story with a new caption. It not only in India but happening every where. Some are a head of others by 10-15%, but the journey is no special but in the same direction. The retail investors calling me is increasing and their desperation to grab the opportunity is visible. So the next move....???????

I completely agree with the comment-publisher/writer on the STATE DRIVEN GROWTH especially the SPONSORSHIP which can become a gift but never become an earning. You can spell us or US or ......

The May 25^th comment is well accepted with the writer in Toto but the fact is that the markets take a U at any time when everything falls in line and nobody is aware of it. The earlier situation is new and the jubilant mood was so high that nobody wants to recognize the forth coming events. In that serious TITANIC story of Global Stock Markets, the signs of jerks surfaced in August. 

It is unfortunate that the freefall in India, so called happened after the RelPower mega IPO in 2008. In such events normally every body mourn for his fellow being presence in the ring. The retail investor burnt their fingers and the FII got busted, some extinguished from the globe, lost their fame, name now in archeological history to dug out  ‘why and how’ for future students for their research papers. 

Now the situation is very different and encouraging. So enjoy the party like the old adage- Be a Roman, when you are in Rome. The markets trying hard for the new comers, creating history and the history for HISTORIANS repeats but with a special, different shape.  The present scenario is rosy and will be for some time till people recognize your statement as “sponsored, arm twisted and……on….and on…., then the markets collapses to a level mentioned but till then enjoy the ride. So far timing..nobody knows but everybody predicts… 

Then what is our stand and where we go......????????????.

1 comment: as it was published

Disciple of stocks doctor said...

Dear doctor sir it is not that simple to dictate levels, donn forget that the bull market has not resistances and bear market no supports.
There are a huge blood letting on the anvil and inevitably for sure they will take the margins.

Let me tell you the fundamental difference of India growth story.
Govt is fooling everyone. They are arm twisting the banks to give loans to telecom which anyway they will default and become NPAS. Thanks for the 3 G spectrum auction.
The banks will again be arm twisted to invest in IPO s of the public sector by using 10% of cash reserves in equities and 10 % in mutual funds that leaves them not able to lend to infrastructure and small businesses. Added to that the farmers are made a habit of defaulting the loans. The infrastructure will be saved with some tax saving infrastructure bonds and in a nut shell that would leave the private sector crowded out for finances and running capital. The Govt might even arm-twist the banks into giving long term loans for investing in the IPOs of companies that does not have the mandatory 25 % public share holding.
so one step forward and 5 steps backward for the Indian economy . I myself will not be surprised to see nifty at 4000 by the end of the Sept quarter 2010.