This week was flat as a pancake. We went up, we went down and closed with around nothing. Over the past two days, however, it now looks like we will head lower through the month, unless a miracle saves us. And in India miracles do happen. Everywhere. In Cricket, Shewag belting 219 in 146 balls is a miracle. In Bangalore people driving (see here) is another miracle. Government policy is a miracle too. Now there is policy, next minute no policy.
But we must still keep the faith. Since we as an economy are built for functioning in a very quirky way; we are indeed a rag tag nation. Things will get done, justice will prevail – very slooowly. And the markets would go down when they should go up and vice versa. If we keep logic and intuition in place then we can win. So principles of physics such as gravity pulls matters down, and as in investments BUY low and SELL high are like physics law. They hold good in the Indian market. So we should not challenge that. We should buy when cheap and sell when dear. Why is it so cheap when there is a goldmine lying is questioning the principles on which our country works. Very very difficult to explain. Just like the video. May look funny, but when you are a part of that frame (when you are driving) you will look and do exactly what people in there are doing.
So again, today we have another set of beating the market got. Same old faces are pulling down the index. Actually, RIL now has stopped working like a private company, it looks and feels like a government enterprise. What with majority of the business with government controlled licenses and rules and regulations. That is also party responsible to drag the stock when the government is not doing well.
Rest of the pack is wavering between meaninglessness and helplessness.
Have a nice weekend. Sleep tight. Tomorrow is another day.
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