Hi
Dow and Nasdaq was dancing. All ended in green well up to some unexpected levels
Dow closes at 11,015.19 up 198 points full 1.83%
Nasdaq at 1,573.08 up 42.82 points full 2.80%
All world indices are firmly in green
Wow!
Yesterday when I was looking for a Nifty stock whch closed in red I got the message " No records Found"
This was just opposite to few days ago when I ran similar search for Nifty gainers and I got message "No records Found"
Sentiments are truly fickle and can take turns in any direction.
Today If we are reflecting US of A then it would be another 5% or above closing. Pentup sentiments of hurt peoples will be unleashed with fury.
But for investor I would remind only one thing. Even now nothing has changed.
You invest at the value you are comfortable with. Check fundamentals and avoid dubious stocks. Preferably stick to largecaps which are available at valuations that was in Jan 2006.
But wait for another day's rise so that we get the down trend seriously questioned.
people rooting for TCS and infy etc may not worry much.
For India world changes are crucial. Liquidity concerns will manifest in many ways and sensex target of crossing the peak will be delayed.
Bernanke is still out there. But surely he will be discounted .
Global factors for India will turn into positive by this week or so I hope. Afterall their investors have to be convinced that India is Politiclly less risky and is on a sustainable growth path rather than overheating.
This will certainly take time. Jury is still out if it is a bear market or we tested low when sensex broke below 9000 for a brief moment.
Looks like this week main batsmen would return with vigour and I will finally be able to say goodbye for this thread as it was meant for Monitoring during crisis only and when sun is not shining.
God bless us all
pankaj