Headless chickens!!!!

Now please don’t salivate at the thought of having butter chicken or kebabs after reading the title. I am describing the situation we are in with respect to the market. Monday we are up on a thumping note, yesterday we were down for some reason despite Asia being up; today we are down and then up. Now by this logic tomorrow we should be up and then down and on Friday we should close flat. Now I am trying my hand at astrology, but the market is such that every Tom, Dick and Harry can try his luck predicting the market as they do on TV everyday. Individually they would get certain part right, collectively they could get one part right and the other wrong and finally the system would do things which ensures nobody gets it right for most part.

Today’s session was very volatile to say the least. Index heavyweights were losing in the first half and came back in green as the day progressed. Of all the index names, it was perplexing to see heavyweights change course and turn green, green names getting stronger and red ones getting redder by the hour. So if people in the intra-day segment played for a turn around in the ones for the making a wild swing on a directional bet (that is hoping for deep red to close flat and make money and vice versa) they would be going home lighter on the pocket.

Asides, this Amul baby (remember the ACK remark on Rahul Gandhi earlier this year) which is usually calm looks really pissed off in the photo below. And this very well describes the sentiment and mood of the nation at this moment. Looks like we had had enough. Also, there seems to be another round of Anna Hazare campaign in the offing sometime in mid-December 2011, which again is a bad thing since no business would get done in the parliament. Not that there has been anything left of doing business, but still.

Finally, November 2011 closed as indicated earlier, with deep cuts – 9.85% down to be precise. On a monthly basis in terms of worse performing months, it would come very close to being right on top. One more month and we close 2011. In 2012 the Armageddon strikes anyways, so let’s start the party. This was on a lighter side. Sleep tight.

source- Rh daily rant