Do it yourself

Thought for the day "If you reveal your secrets to the wind, you should not blame the wind for revealing them to the trees." -Khalil Gibran (Lebanese, 1883-1931) Word for the day Quidnunc (n) A person who is eager to know the latest news and gossip; a gossip or busybody. (Source: Dictionary.com) Malice towards none Sheena Bora's tragic death may inspire someone in Bollywood to make a film on her life. What else? Peace broken! Both the benchmark indices witnessed their first larger than 5% daily move after 6years. The last time such move occurred was on 6th July 2009. It surely is not an ordinary event. The argument that it may be an isolated occurrence is not acceptable to me. Historically such large moves have never occurred during peace time. One thing therefore is sure that the peace seen in the market since 2012 has been broken. We are most likely to witness higher volatility and more such...

Thought for the day "If you're living in your time, you cannot help but to write about the things that are important." -Ray Bradbury (American, 1920-2012) Word for the day Cavil (v) To oppose by inconsequential, frivolous, or sham objections (Source: Dictionary.com) Malice towards none If Arvind Kejriwal was the face of anti-corruption movement, Hardik Patel represents what? The Strategy As the world endeavors to slither out of the current economic crisis (that surprisingly many still believe to be caused by China) a new global economic order takes shape and India’s socio-economic transition to a truly federal governance structure that is transparent and accountable gets established over next decade or so, Indian businesses will face numerous challenges. Historically, a large majority of Indian businesses have grown on government patronage and/or resource arbitrage opportunities and have been low on innovation, productivity...

Thought for the day "Why go to a machine when you could go to a human being?" -Ray Bradbury (American, 1920-2012) Word for the day Xeriscaping (n) Environmental design of residential and parkland using various methods for minimizing the need for water use. (Source: Dictionary.com) Malice towards none Would be interesting to know the population growth data based on economic criteria, e.g., income group, slum dwellers, homeless, education level, family mortality history etc.! Unencumbered and categorical Some of my readers have commented that I am not expressing my views in unambiguous terms. It is also highlighted that I am guilty of using too many semantics. On review of my past some posts, I concede to the criticism and would like to make amend. Here are my unencumbered and categorical views: Markets ·          Benchmark indices may fall between 10-15% between now...

Thought for the day "You pay a certain penalty for going your own way. A lot of people think you're nuts, and you're not as popular with girls as you should be." -Ray Bradbury (American, 1920-2012) Word for the day Quiddity (n) The quality that makes a thing what it is; the essential nature of a thing. (Source: Dictionary.com) Malice towards none BJP minister says we never promised good times during elections. Technically he might be right (or may be not). But why make life so technical. Hope is a good thing; gambling is not Taking cue from famous Amir Khan flick, both the finance ministers and the finance secretary were seen singing "All is Well" as the equity prices and INR get hit hard. Many analysts, money managers and market commentators have also echoed their sentiment, highlighting how India is better placed to withstand the onslaught on emerging markets. The underly...

Thought for the day "I'm not a serious person, and I don't like serious people." -Ray Bradbury (American, 1920-2012) Word for the day Burble (n) An excited flow of speech. (Source: Dictionary.com) Malice towards none The government should make it mandatory for all vendors to mention prices of their stuff in US$ terms. $1.5/kg for Onion may feel much better than Rs100/kg. It's not like any time before The market movement of past few days indicates that the markets have perhaps become immune to quantitative easing (QE). The remedy that worked wonderfully well during the global financial crisis (GFC) of 2008-09 is least likely to work today. After six years, billions of dollar of additional liquidity, even higher public and private debt, slower economic growth, and severe deflationary pressures, the world economy and markets appear intrinsically as weak as they were prior to the inf...

Thought for the day "Don't think. Thinking is the enemy of creativity. It's self-conscious, and anything self-conscious is lousy. You can't try to do things. You simply must do things." -Ray Bradbury (American, 1920-2012) Word for the day Laconic (adj) Using few words; expressing much in few words; concise (Source: Dictionary.com) Malice towards none Has PM Modi been reasonably successful in isolating Pakistan globally, including middle east? NIFTY: No crash as yet; but end of bull market advanced Greed still dominates fear In India the broader market continue to outperform the benchmark, with small cap still leading the market rally - Indicating that the 2yr old bull market may be hot and ready for correction but crash is still 3-6months away.       ...but global markets "on the verge of major correction" Precipitous rise in COBE, an important leading indicato...

Thought for the day "There is also this benefit in brag, that the speaker is unconsciously expressing his own ideal. Humor him by all means, draw it all out, and hold him to it." -Miguel de Cervantes (Spanish, 1547-1616) Word for the day Frabjous (adj) Wonderful, elegant, superb. (Source: Dictionary.com) Malice towards none Looking for some fundamental reasons to be bullish on Indian equities. Share if you have some! Don't trust TINA this time The first result cycle of FY16 has just concluded. Overall the earnings were well below expectations. Post disappointing 1Q most analysts have modified their forecasts by earnings downgrades. The latest forecasts are mostly assuming single digit earnings growth for FY16 with material downside risks. The current producer price inflation trajectory suggests that lacking pricing power and dismal demand environment has continued in the second quarter as well. ...