Looks like it is time to stop and ponder for the market. With the kind of run we saw yesterday, it was only logical that we stopped and took some time off to breath. Today’s session was clearly a sandwich of sorts, what with Asia opening and continuing to stay green throughout. While we tried to break even mid way and then EU pulled us down. That region has been in some sort of news overhang. But clearly, just to think of it, isn’t it that we actually started the fire right in the eastern coast of the US in the fall of 2007; and now here we are in the middle of the globe all but talking about EU region and saving of the country after country; which seems to be far bigger problem combined than all kind of issues that lay open in the US.
Back home though, we have our own set of challenges, what with the opposition not playing ball with the FDI in retail and a laundry list of merchant associations taking to the streets; obviously at the behest of the opposition parties. So while most of the retail stock which flew away like soaring kites to the sky are now back down today like the same kites whose string was severed by design. Such is the trick of the market. Never rush, since the rush would only trample you.
That is also why investing is as much of an art as science, replete with technical jargon and computer models. So today we have the high flyers of yesterday again taking backseat; down anywhere from 1%-2.5% taking with it the market which closed 1% down. Tomorrow is another day. However, what and end to the month of November 2011. All in all, whatever happens tomorrow it could be either a single digit fall or a double digit one, the month closing down by a big margin is all but certainty
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