Thought for the day
"When a stupid man
is doing something he is ashamed of, he always declares that it is his duty."
—George Bernard Shaw (Irish, 1856-1950)
Word for the day
Fugacious (n)
Lasting but a short time; fleeting.
(Source: Dictionary.com)
Malice towards none
Bullet train is welcome!
Please also find a way to abolish hand pulled rickshaws and
freight carts!
First random thought this morning
History has been created in Paris. Regardless of the skeptics who
would want to find split hairs and find loopholes in the landmark climate deal,
I see this deal as portent of hope for humanity.
This shows that global cooperation may after all not be dead as
yet. The elements which might have based their strategies on lack of global
cooperation would be shocked. Resumption of Indo-Pak composite dialogue and
joint strategy for operation against IS are few other indicators.
Would be interesting to see if US Fed also adds to the cooperative
spirit by not rocking the boat. The bear cartel may better watch out!
In strict technical terms, Nifty has broken down all major
supports and appears all set for a southward journey in search for a strong
base upon which the next bull market could be founded.
As suggested last week (see here),
it is after a long time that Nifty has weakened on short, mid and long term
charts simultaneously. I see Nifty hitting the rock somewhere between 6650 and
7200 level in next 13weeks.
The excitement that market may see on investment deals with Japan, revival
of hopes on GST Bill, surprise positive IIP data for November, Paris climate
deal and FOMC decision - could be an opportunity for rationalizing portfolios
by raising some cash and reducing beta
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