Do it yourself

Thought for the day "No eulogy is due to him who simply does his duty and nothing more." —St. Augustine (354-430) Word for the day Ludic (adj) Playful in an aimless way: the ludic behavior of kittens . (Source: Dictionary.com) Malice towards none The courts in India are deciding on matter which in usual course should be decided by RWAs, Municipalities, and legislature. What does it reflect? First random thought this morning Republic of India is mother of 36 children who live under the same roof but each of them cooks in his own kitchen and runs his own shop. All Indians who have lived in joint families and then separately under the same roof, would understand what I am trying to say here. The point worth pondering is why these 36 children are living under the same roof along with their 69yr old mother. Is it out of love & affection for each other? Is it out of fear of losing independence to so...

Thought for the day "Give me chastity and continence, but not yet." —St. Augustine (354-430) Word for the day Nimiety (n) Excess; overabundance. E.g. nimiety of mere niceties in conversation. (Source: Dictionary.com) Malice towards none President rule in Arunachal Pradesh! Is BJP serious about Budget Session, especially GST? First random thought this morning Difficult to fathom a few years back, Persian-American friendship could very well be the highlight of 2016. The kind of welcome and " surrender " President Hassan Rouhani is getting on his current Italy visit tells a lot of things. One, post Paris attacks, the west might be looking at Shia Iran as the most potent partner in fight against the threat of IS. Two, with Libya, Iraq and Iran threats mostly neutralized and energy independence achieved, US may no longer need Saudi friendship the way it needed a few years back. Three, Iran an...

Thought for the day "The world is a book, and those who do not travel read only one page." —St. Augustine (354-430) Word for the day Vociferous (adj) Crying out noisily; clamorous. (Source: Dictionary.com) First random thought this morning After an unusually warm Christmas, US is facing some seriously inclement winter. Since Washington DC is directly impacted, I hope the climate control discussions will progress at much faster pace and with deeper commitment. Back home, Arvind Kejriwal's cough may not be sufficient to create the kind of awareness about environmental hazards that is urgently needed, amongst politicians, administrators and general public. Cognitive Dissonance I had said it two years back. Despite deep invasion of technology in my normal life, I have still kept the monkey in me alive. I like to do many things in the traditional way. Reading morning newspaper is one of these things. I...

Thought for the day " The words printed here are concepts. You must go through the experiences. " —St. Augustine (354-430) Word for the day P resenteeism (n ) The practice of coming to work despite illness, injury, anxiety, etc., often resulting in reduced productivity. (Source: Dictionary.com) Malice towards none Neta Ji files are open to public scrutiny. Will it bring closure to a long pending issue or open a can of worms? First random thought this morning Everyone knows that trillions of dollars in stimulus in past one decade have not helped any economic growth. The world economy and markets remains as vulnerable and tentative as these were in 2008. Many punters and ingenious bankers have though become unduly rich. I wonder why then markets are still excited about some more stimulus by ECB and/or BoJ? Nifty: Road to 7950 is full of hurdles Last week Nifty successfully negotiated its ...

Thought for the day "I have now disposed of all my property to my family. There is one thing more I wish I could give them, and that is the Christian religion." — Patrick Henry (American, 1736-1799) Word for the day Prepossessing (adj) That impresses favorably; engaging or attractive, E.g., a confident and prepossessing young man . (Source: Dictionary.com) Malice towards none How many politician in the country feel that they would be better off doing something else to serve the large cause of public service, rather than playing a mudslinging match every day? First random thought this morning Every market cycle breaks a few myths. For example, the last market cycle broke the myth that emergence of Emerging Market threatens the supremacy of USA; BRICs are a formidable force; India could decouple from global economy and keep growing sustainably at 8% plus rate; printing excess money leads to hyper inflation etc. ...

Thought for the day "For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." — Patrick Henry (American, 1736-1799) Word for the day Salubrious (adj) Favorable to or promoting health; healthful. E.g., salubrious air. (Source: Dictionary.com) Malice towards none Raising of 15k strong Dharma Sena in UP reflects what? (a) Growing intolerance (b) Total lack of faith in law & order machinery (c) Shape of coming state assembly elections. (d) All of the above (e) Others (pl specify) First random thought this morning If social media is any indicator of popular mood, Ranjit Katyal has emerged as the latest super hero in the country. While there is no authentic record of this person and this could very well be a fictional character, his story is certainly inspiring lot of social media users to watch the movie Airlift. I wonder whether the emergence of this ne...

Thought for the day "The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." — Patrick Henry (American, 1736-1799) Word for the day Sybaritic (adj) Characterized by or loving luxury or sensuous pleasure. E.g., to wallow in sybaritic splendor . (Source: Dictionary.com) Malice towards none All Bull Markets were born from the womb of Bear Markets. First random thought this morning The act of the Partition in 1947 was aimed at reservation of geographical areas and resources contained therein, for religious majorities on both sides of the border. Post independence, creation of states on linguistic basis was an act of further sub-reservation for majority on the grounds of regional identity . Then came further sub-reservations for the majority on ground of socio-economic status (poor and suppressed are still in majority). Whe...

Thought for the day "I know of no way of judging the future but by the past." — Patrick Henry (American, 1736-1799) Word for the day Hebetude (n) The state of being dull; lethargy. (Source: Dictionary.com) Malice towards none Guess the market reaction if the Finance Bill 2016 provides for a 10% long term capital gain for equity shares sold after 3yrs! (Note: Equity shares include shares of both listed and unlisted companies. 30% LTCG payable for sale before 3yrs of holding.) First random thought this morning The markets are witnessing a healthy correction. The excess flab that had collected in the middle and lower end of the market is melting fast; in a fashion very similar to seen in the past instances of market correction. As usual, with the flab some gold and silver is also melting. The market commentators have suddenly developed strong love for large caps. I feel, it is time to break silos of si...

Thought for the day " Fear is the passion of slaves. " — Patrick Henry (American, 1736-1799) Word for the day Reify (v) To convert into or regard as a concrete thing. E.g., to reify a concept . (Source: Dictionary.com) Malice towards none Youth in Congress Party must take one week break to study the history of the Party and contemplate if they need to change the path they have been trading since past one decade! First random thought this morning Unicorns and Black Swans have joined Bulls and Bears to make life of the market participants more interesting. We are lucky to witness the figments of imagination acquiring some tangible contours at a time when inclination to deny the realty as unwarranted paranoia is very high.   Nifty: Expect a stopover on the way to 7K As I have been expecting since August 2015, when Nifty completed bearish H&S pattern on monthly charts, Nifty is progressin...