It is that time of the year again; that of lazing, taking a break or an extended holiday and obviously who has boring market and investing on the minds. While talking to existing clients and prospects there was an excitement around what they are planning to do during the year end break than discuss investments. It is obvious therefore that you get along discussing the matter and take it easy with them while giving them time to enjoy and relax. Of course connecting this way and talking about other important things in life is equally important with clients – it goes a long way to build that relationship and facility smoother transactions in the year ahead.
Talking about today session, with the above background in view, looks like nobody’s really interested now that we are in the final over of the year. The match is more or less over, with equities being on the losing side in this game and other players such as Gold, Commodities and debt taking the lead.
The stocks today just hankered up and down basically losing all spring in their step and now appear to be leading a listless existence. All in all, looks like we would have a closing of 2011 over 20% down for the major indices for sure, unless of course we move either sharply higher or lower from current levels; which seem unlikely given that with each passing day this week, more number of people switching off from work.
Time to get listless on serious stuff and get more active on the dance floor.
No comments:
Post a Comment