When the push comes to a shove, only the most pessimist survives! It is better to hold on to your life's savings(whatever is left of it).
Stock market is not for us all. One should be prepared to take a hit, below the belt even. When the market rises, it gives an euphoria of infallibilty. Many even boast about their smartness. The moment they start losing their pants, they blame everyone else. Looks like many can be naked even soon!
The sub-prime(crime?)is a deep shit hole. It is pure excessesses and greed. US goes around advising all & sundry about free trade & currency, while leaving the door open for the looters. The sub-crime market was highly risky and nobody had a clue about it. As the story unfolds, many are trapped and FED is just dishing out money to keep the rising waters from sinking the system. In a borderless world, we can not only get our feet wet but can drown en masse. If the currency was fully convertible, we could have got a direct hit, between the eyes.
The prudent way will be to get out when the market rises & even cut losses. Of course, those who can wait out and even buy on dips, can have party later. For most, it will be suicidal thoughts only.
No use in blaming anybody. Govt has taken off their pants by writing off 60,000 crores. But to bail out the invsetors (gamblers?) is a bit too much to bare!
Better to watch out as any severe US downturn can put us all in a deep freeze. More so, elections soon for us and them!
RE:Highly risky
by Girish Rao on Mar 18, 2008 07:55 AM Permalink
this is the time to buy, start buying when market is going down drastically, dont follow the herd. Do not buy when everyone is buying, buy now. Indians(retail and High net worth individuals) are gamblers and believers in luck and superstition, they never look at fundamentals, they want 40% growth in one year and trade beyond their means. This fall is a good lesson for them, but for real long term investors such falls are what is ordered by the doctors
RE:Highly risky
by slicktiger on Mar 18, 2008 08:21 AM Permalink
FIIs took 14000 crores out of market in 3 months(ref:moneycontrol.com).It is nobody's guess whose money is it?Chidambaram won't help this lost herd cause it is neverthless a non-significant vote bank compared to millions of farmers.
RE:Highly risky
by Girish Rao on Mar 18, 2008 08:39 AM Permalink
it is the traders money :) first they sucked in the retailers then once they bought the shares believing the growth story, FIIs sucked out the money. but you gotta have no sympathy for retail investors, their favorite stocks are crap like RNRL,IFCI, Reliance Infra etc which are simply long term trading stocks
RE:Highly risky
by Niraj Prasad on Mar 18, 2008 08:39 AM Permalink
hey just chill ... hold on to your stocks .. do not sell or buy in panic or over-anitcipation ... wait at least 4-5 weeks before making any fresh purchases .... the sub-prime crisis is not fully felt yet .. more is yet to come ... so ignore all expert warnings, advices and just relax and chill
THE SENSEX WILL FALL TO 9025 POINTS IN NEXT 2 WEEKS by Rigved Korgaonkar on Mar 18, 2008 02:23 PM | Hide replies
WARNING!!! WARNING!!! WARNING!!! THE SHARE MARKET WILL CRASH TO 9025 POINTS IN NEXT 2 WEEKS. BEWARE BEWARE BEWARE. PLEASE OBSERVE AND ANALYSE THE MARKET TREND AND YOU WILL SEE THE TRUTH. SAVE YOURSELF BEFORE ITS TOO LATE.
