>Otherwise you would not have waited all this >while to do so in a "I told you so" mode.
*** No, I spoke of it much earlier. That is why I took on Mayur Bora and Rajib Das in their expert recommendations in the past. There is no better time to remind people than when it is playing out. > >It would be >nice to note that if the economy is growing at 8% >there would be enough fundamentals for many well >managed companies. *** Of course there are good companies. And the individual investor will now, having lost his shirt, and nest-egg, will rush to pick up the good buys at bargain-basement prices, as will the savvy FIIs staffed with desi-analysts -- those grads. of IITs and IIMs, endowed with Dilbertian 'huge-brains', who know all about market-timing to make money, right? And how will we know when that happens? Of course when the market jumps right back to its go-go-levels. But *I* won't hold my breath. >It would be nice to be aware - if at all one goes by >the stock index as a barometer of the country's health >- that the Sensex went up 3000 points in the last 1 >year before it went down 1000 points. Perhaps one >should also be aware that the reasons for the FIIs to >panic is a rumour about what tax rules apply - Capital >Gains or Business Income. Any time tax rules change in >any country, the fundamentals for many companies >change too. It is basic math. > >C-da talks grandiosely about fundamentals. It would be >nice to note that if the economy is growing at 8% >there would be enough fundamentals for many well >managed companies. Talking of fundamentals, have you >done any research on what many of the companies are >earning as returns? Offcourse there would be a lot of >people making wrong decisions about betting on the >wrong horses in both good times and bad. That is why >stock markets run the way they do. > >The average Indian (as also an average American) who >does not know investing should not be a retail >investor - if at all he should be investing in mutual >funds. Some of the best funds yielded returns of more >than 100% last year and an average of more than 50% in >the last 3 years. > >C'da, it is a wrong horse in the Indian stable to whip >about. Otherwise you would not have waited all this >while to do so in a "I told you so" mode. You and the >Indian communist party members are the only one doing >so. > > > > > >--- Chan Mahanta <[EMAIL PROTECTED]> wrote: > >> >> The big differences are: >> >> 1: In the fundamentals of the companies being >> invested in. >> >> 2: Institutional checks and balances ( read: >> Umesh's mention of Harshad Mehtas et al, the FM's >> loose comments on taxing FIIs) >> >> If the 1 above had a solid foundation 2 could not >> cause the kind of havoc it has. >> >> India has not seen the big fall and the Great >> Depression. But this one ought to teach Indians a >> lesson, a lesson much grimmer, I am sure, than >> what developed economies have been experiencing >> or experienced in recent decades, considering the >> average Indian's circumstances. >> >> Indian stock market movers fancy themselves the >> new Wall Street considering all the desi >> analysts, desi Bus. Mgm't whipper-snappers at >> Wall Street. But the average Indian does not know >> the difference. In fact some otherwise savvy >> Indians constituting he new >> desi-knowledge-brigade don't either, as we have >> seen right here in this forum. >> >> >> >> >> >> >> >> >> At 12:18 AM -0500 5/23/06, Ram Sarangapani wrote: >> >C'da, >> > >Speculative forces, such as FIIs that drove up >> >Sensex, creating an illusion that the >> >desi->economy is on a roll, is ephemeral. >> > >> >Isn't that the nature of financial markets - ie. >> >of expectations? Why single out Desis for the >> >way sensex is behaving. All the world's major >> >markets are taking a beating this past week. >> > >> >Heck, even for a small time investor like me, I >> >was counting on the millions 10 days ago (when >> >the DOW was at heady heights), and then the >> >millions vanished. Will be lucky if I get away > > >with my principal. >> > >> >As for our Umesh's idea of a Buffet style >> >investing (long, big cap), most investers in the >> >US markets (like elsewhere) are short, small or >> >medium cap. Long, big caps require huge >> >investments, and that will have to wait till I >> >make them millions. >> > >> > >creating an illusion that the desi-economy is on >> a roll >> > >> >Following that logic, the US economy is doing >> >pretty well (actually on a roll) - why then is >> >the DOW not reflecting that? Why the >> >roller-coaster effects of the past couple of >> >weeks? >> > >> >In the C'da - the markets only reflect >> >only investor expectations. You could call >> >it "irrational exhuberance" :-) >> > >> >--Ram >> > >> >On 5/22/06, Chan Mahanta >> ><<mailto:[EMAIL PROTECTED]>[EMAIL PROTECTED]> >> >> >wrote: >> > >> >I don't know if he does. Have not spoken to him >> >since 1968, even though he was a fine younger >> >friend. >> > >> > >> >But I do have one: Gambling is NOT for everyone. >> > >> > >> >Speculative forces, such as FIIs that drove up >> >Sensex, creating an illusion that the >> >desi-economy is on a roll, is ephemeral. I >> >remember our good friend Mayur lamenting about >> >Kharkhowas' ignorance about making easy money on >> >'derivatives'. And I remember vaguely about a >> >Sentinel editorial of recent weeks lamenting >> >about the Oxomiya populace unaware of 'right >> >wing ideology' or some such thing--whatever that >> >meant, but it would seem now the ignorant ones >> >must be having the last laugh. >> > >> > >> > >> > >> > >> > >> > >> > >> > >> > >> >At 2:38 AM +0100 5/23/06, umesh sharma wrote: >> > >> >>C-da, >> >> >> > >> > >> >You have rich friends! Does he have any tips for us >> Desis. >> > >> > >> > >> >Umesh >> > >> >Chan Mahanta >> <<mailto:[EMAIL PROTECTED]>[EMAIL PROTECTED]> >> wrote: >> > >> > >> > >> >You have got to stop comparing the US scene and >> >its players with the Indian scene and its >> >players, Umesh. They have little in common, >> >other than on the wrapper. >> > >> > >> >BTW, Warren Buffets right hand man, one of his >> >closest confidants, is a desi, a junior wingmate >> >of ours from IIT-KGP. >> > >> > >> > >> > >> > >> > >> > >> > >> > >> >At 2:07 AM +0100 5/23/06, umesh sharma wrote: >> > >> >>In the land of Big Bull Harshad Mehta and Con >> >>Artist Ketan Parikh it is only fools who invest >> >>in Indian stock market. People should learn >> >>from Warren Buffet (world's top finance >> >>investor and second richest man ) who only >> >>invests LONG Term in stocks -which he gets >> >>great deal of info and analysis. >> >> >> > >> > >> >Umesh >> > >> >Chan Mahanta >> <<mailto:[EMAIL PROTECTED]>[EMAIL PROTECTED]> >> wrote: >> > >> >I hope none of our desi-investment promoting >> >friends is being hurt by this. And if they are, >> >hope not too badly. >> > >> >Is the end of the nightmare in sight yet? >> > >> >cm >> > >> > >> > >> > >> >On a day of crazy swings, Sensex sinks below 10K >> >[ Tuesday, May 23, 2006 12:34:10 amTIMES NEWS >> NETWORK ] >> > >> >RSS Feeds| SMS NEWS to 8888 for latest updates >> > >> >MUMBAI: It was a raging storm. The market turned >> >crazily wild, lashing the Sensex with such >> >ferocity that at one point it plumbed down over >> >1100 points. Trading had to be suspended. Or else >> >the ship might have sunk. When trading resumed, >> >the storm hadnâ¤t cleared, but the market clung >> >to the lifeline of assurances thrown by the >> >finance minister, RBI and SEBI. It clawed back >> >some 700 points, but still closed 450 points down. >> > >> >Veterans tried, and failed to recall this kind >> >of volatility. In just seven sessions the market >> >has sucked out over Rs 6 lakh crore of >> >investors⤠wealth. And there are chances of >> >further losses. Some brave souls claimed the >> >worst was over, but the considered advice of >> >seasoned players was: "Donâ¤t try to catch a >> >falling knife â¤" donâ¤t try to predict the >> >bottom of the market. Not yet." >> > >> >=== message truncated ===> >_______________________________________________ >> assam mailing list >> [email protected] >> >http://assamnet.org/mailman/listinfo/assam_assamnet.org >> > > >__________________________________________________ >Do You Yahoo!? >Tired of spam? Yahoo! Mail has the best spam protection around >http://mail.yahoo.com _______________________________________________ assam mailing list [email protected] http://assamnet.org/mailman/listinfo/assam_assamnet.org
