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Just Shoot Me

Bala, 28, Gordon Gekko in the making, pseudo-intellectual, cynic, bibliophile, obsessive compulsive ranter...

melancholy

July 15, 2008

In my limited experience as an active trader i have personally experienced four bruising corrections so far - Oct 05, May 06, Dec 07 and Aug 08. I was a passive viewer during the crash of Apr 04 and a novice pink paper reader during the dot com crash of 2000 and 2001. But what is happening now is my first real life bear market. And it is absolutely frightening.

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posted by Bala, 3:35 PM

3 Comments:

Dec 07 or Jan 08? And what happened, it is for the bulls(exaggeration, but still) like me to cry, you are a perma bear I thought?
commented by Blogger Chenthil, 5:11 PM  
Chen,

After a while, laughing at people who have lost n lakhs of rupees in the market tends to be bad for one's soul.. even a permabear's.

A lot of people i know have lost good chunks of their savings. Today i was explaining things to one such person and it was painful to watch his reactions. On the one hand, i gloat at people who called me a fool in November 07 and on the other i feel sad for folks whose portfolios have taken a beating.
commented by Blogger Bala, 6:07 PM  
Reading your previous post with respect to this situation makes one feel scary :-)
commented by Blogger Chenthil, 11:43 AM  

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