Second ball Six!

Imagine a T20 match between India and Australia and after having conceded horrendous amount of runs in the first inning of the match to Aussies, we come into bat and in the first over first ball we are off to a two run start and on the second ball of the innings Shewag hits a six. There are only two emotions that a cricket fans has, either he continues this way and the match would be over in the 16th over, or this guy would do a hara kiri and lose it in the next ball.

Now replace the cricket enthusiast with an investor. With horrendous first innings in 2011 now we are kind of getting a good start; but we must remember that 2 balls is not the innings but there are another 118 balls to be bowled. So any enthusiasm with the kind of performance since the beginning of year 2012 (essentially two trading days) must translate into a few weeks and then a few months to make any meaningful returns or match of the situation.

Today’s session was really kind of redemption of the really badly beaten folks, must I say. The likes of infra, realty and to an extent financial institutions stole the show. There was not big evidence of across the board buying. Also, as expected the volumes are yet to pick up in any meaningful manner. So what we could be seeing is essentially the nibblers or the dime pickers trying to salvage some money from the wreckage. But often one does find a lot of good stuff in leftover of hurricane or war torn zone.

Not that we have really seen one, but it just appears to be so, or made out to be.

In closing, I would now really see if this initial momentum of a couple of days translates into couple of weeks and then the whole of January 2012. If that does happen, then indeed we are really setting up for a match.