BSE - Lunatex
Tata Motors, with a debt of $2Billion USD, and which was trading at 130 Rs. two months back, closed upwards of Rs.360 today.
What has changed so fundamentally in the last two months which did not happen in 2008? What has happened so dramatically in the last few days to warrant a 2000 point spurt in the BSE sensex ? Manmohan was the PM(at least on paper) in March first week 2009. The left was not in control even in March. He is the next PM (at least on paper) again. Hopefully with more teeth this time.
The ‘divestment’ - ‘kooru pottu vikradhu’ of profitable govt. companies which the markets are so anticipating since ages has not happened, nor is there any guarantee it will happen very soon nor is it any more desirable than militant trade unionism of the left.
So whats different to warrant such a dramatic change in outlook? Nothing.
I am told its all about ‘market sentiment’. What has sentiment got to do in a rational, efficient market? Are not sentiment and EMH related to each other in the same way as a god man is to Thi. Ka?
Lunatics drive the market either way. If one can deal with lunatics in life, one can die a rich man.
May 21st, 2009 at 10:10 am
Kaipullai once observed: “Dei Innumaada idhellam nambitrukeenga …”
May 21st, 2009 at 12:16 pm
BNB,
Unmai dhaan… ‘repeat behavior that works’..=
namakku sadhagama vandha it does not hurt to take profit and run….
All things being equal, the one who goes against what the so called ‘analyst’ says will do better with his money in this betting system.
May 26th, 2009 at 9:22 am
//Lunatics drive the market either way. If one can deal with lunatics in life, one can die a rich man. //
John Maynard Keynes-udaiya oru thiruvAsagam:
The markets can stay irrational longer than you can stay solvent
May 26th, 2009 at 11:31 am
dagalti
LOL… naanum idhai padichiruken
May 26th, 2009 at 11:34 am
Weak global cues, arisi velai 2 Rs eeri pochu, veyyil jasthi.. markets fator in for all these conditions too… its just a bit hard to think these are all the ways of the market to stay efficient..
June 4th, 2009 at 8:08 am
i ve left ard 3 comments in ur post which says 8 facts which was posted sometime last june under the category tags. pls check…