I have been a bit busy traveling. Have not written a while.
I do not know about the rest of us, but I clearly missed the recent market
boom. My calculations were proven totally wrong.. I expected a hung parliament,
like most of us... but the people decided otherwise.
I had exited stocks before the elections... I did a quick calculation... had I
persisted, my portfolio as of yesterday would have given me about 92%...
instead I only cashed in with about 60%... clear loss of opportunity.
However, I am not complaining.
1.60% returns over six months is good by any standards.
2. It is very difficult to time the market.
3. Had the results gone the way I had predicted, then the reurns could have
dwindled... imagine 15% drop in a day... which happened in 2004 Oct..
Going forward, from the looks of it, almost all stocks are back to their high
levels. there is very little upside left, given the earnings estimates for FY
2010. Market is at a PE of about 20 right now... close to the 21000 levels we
saw in May 2008...
Hence I have no choice but to wait for a correction in order to get back in. If
I get in now, then I should be prepared to wait for another 3 years at the
least, to get decent returns. They are predicting that the Sensex would go all
the way up to 19500 this year.. I am not sure about that, given the decadence
in the US $ and the pursuant global crisis 2.0 that is building up... but
anything is possible in India!!
Musings of a man who is constantly trying to give new perspectives to things we all seemingly know already.
Thursday, May 28, 2009
Subscribe to:
Post Comments (Atom)
सुकूं का रस्ता
मुझे सुकूं का रस्ता कभी न दिख सका था, जहां था मेरा सपना, वही पे खो चुका था। मैं एक शक्ल थी जो अधूरी रह गई थी, कभी जो रंग सच्चा, उसी को भूल च...
-
This is one of the most beautiful Marathi Abhangs I have ever listened to. Ranjani and Gayathri simply take me to a different plane when ...
-
Krishna has "plagiaried" this verse from the Mahanarayanopanishad. अणोरणीयान् महतो महीयानात्मा गुहायां निहितोSस्य जन्तो:। तमक...
-
As someone who has delved a bit into various Indian languages, I am of the firm conviction that language is not just a few words of expre...
No comments:
Post a Comment