Predilections: Push it up and slide it down your throat
Wednesday, August 10, 2011
Forced eating is also an Indian predilection. After families create wilful aggression in their children thru making them eat at all times of inconvenience ( fropm the child's point of view, definitely..) thus the culture of everyone trying to force buy picks on the market and push that index above a technical level and just ensnare a willing investor who will then be bankrupted without any fault of his. With no fundamental basis, the refusal of the indices tom move down is at best a shotgun response to analyst broker calls for positive investment , the FI brokers leading the forced sale this time. As usual it will be a distress auction sale before anyone learns better.
Anyway, the aphorism is far from a professional opinion. As a professional I would just say 4700 is a good level for someone to fairly discover good value and till then the 2-3 mid cap stocks like Page Industries and Suven Life are good enough as they have a good business model, a great market not going to collapse in front of them and not dependent on going away subsidies or other regulation an dpublic support like Energy. the stock market is not the right forum to fight for India''s rights. It is a moneyed investment based on a value proposition inherent in the price. Real estate is a big no no, but the fundamentals of India's economy are just getting fine with the commodities starting to unwind down. It has not already happened and our inflation is still 9.5%So, stay aware that your buys are for a long term and there is a lot of uncertyainty that can come in large chunks into the market at any time. Not a good time to listen to your broker advising a buy. Try the broker telling you don't do any business with him right now. :D
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