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Just Shoot Me

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

Regular ranting resumes

November 06, 2008

Dear Constant Reader,

Due to a long running superstition of mine, i stopped writing anything for the past couple of weeks. It is basically this - if i open my mouth about any team i support in anything - be it sports or politics, they tend to lose badly. I have what is colloquially referred to as a kari Naakku (a black tongue). So i had to hold my tongue till a certain event on Nov 04 had passed. (see still i am not speaking about it). Now that it is over, regular ranting resumes.

Two weeks back, i was talking about 2700 as the line in the sand for Nifty. Well it seems i was wrong by a "mere" 25 percent. Thankfully i didn't put my money where my mouth was, so i didn't lose anything except some of that smug self confidence. I am not worried about the bounce as well - A dead cat has nowhere to go up. It is going to be a bad couple of years of equities. There will be plenty of opportunities to buy stocks at great bargains. Till then i am perfectly happy to park my money at 10% with the Indian Government. In a recession, inertia is a virtue.

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posted by Bala, 9:04 PM

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