Thought for the day
"The formula for
achieving a successful relationship is simple: you should treat all disasters
as if they were trivialities but never treat a triviality as if it were a
disaster."
—Quentin Crisp (English, 1908-1999)
Word for the day
Munificence (n)
Generosity, benevolence
(Source: Dictionary.com)
Malice towards none
Shocked by the PM Modi's Lahore surprise, Indian opposition
leaders make demented comments.
First random thought this morning
In past senior political leaders from other States, especially UP,
Bihar, Haryana and Tamil Nadu have used much vulgar language than AAP leaders in
Delhi.
It would therefore be inappropriate to credit AAP for lowering the
level of political discourse.
Long equities - short gold
Over a 10yr timeframe Indian equities have outperformed most
financially tradable asset classes, except gold. Apparently gold has
outperformed, but adjusted for duty element, gold would also underperformed
equities.
The point of interest here is whether over next couple of
quarters, this outperformance will continue or we may see commodities or USD
outperforming Indian equities.
From the following chart of relative performance it appears that it might
be little early to initiate long commodities short equities trade, but a
relative trade might still exist in short gold vs long equities.
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