Do it yourself

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...

Thought for the day "I was really too honest a man to be a politician and live." —Socrates (Greek, 469-399BC) Word for the day Bellwether (n) A wether or other male sheep that leads the flock, usually bearing a bell. A person or thing that assumes the leadership or forefront, as of a profession or industry: (Source: Dictionary.com) Malice towards none How difficult it is to convince the Indian courts that God cannot be insulted (or respected for that matter). Anyone who claims to be hurt by someone's supposedly blasphemous comments or acts, actually hurts the sentiments of millions who believe God to be Supreme. First random thought this morning An RTI petition has revealed that the "Make in India" logo and campaign has been designed and executed by a foreign firm. On the face, this sounds logical, since the campaign is primarily aimed at encouraging foreign businesses to invest ...

Thought for the day "By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher." —Socrates (Greek, 469-399BC) Word for the day Offing (n) The more distant part of the sea seen from the shore, beyond the anchoring ground. (Source: Dictionary.com) Malice towards none Indira Nooyi has become the largest alumni donor for Yale University of USA. Earlier Ratan Tata had also donated large sum to a US university! First random thought this morning Adverse weather conditions for two years; difficult economic conditions; stressful financial markets; erosion in political support seen in 2014 general elections; and prominent division in society over issue of religious and cultural tolerance — PM Modi's luck appears to have taken a break. Not sure, if he needs to seek divine intervention to set things right . But he may certainly want to have a...

Thought for the day "Where there is reverence there is fear, but there is not reverence everywhere that there is fear, because fear presumably has a wider extension than reverence." —Socrates (Greek, 469-399BC) Word for the day Kvell (v) To be extraordinarily pleased; especially, to be bursting with pride, as over one's family. (Source: Dictionary.com) Malice towards none Why is it so difficult to accept that in Pakistan government and are different establishments independent of each other! First random thought this morning The global markets are more integrated than ever. Various segments of markets, e.g., currencies, commodities, equities, credit and money, are more integrated than ever. Portending divergence in performance based on historical behavior could be fraught with serious risk. In very simple terms - today if I lose a wager in commodities, the obligation may have to be settled by liquidati...

First random thought this morning This winter has been unusually bright and warm. This has certainly extended the Christmas festivities for the urban populace in North India. The farmers are though a worried lot. Wheat farmers in Punjab, UP and MP who have been braving drought for past two years appear to be throwing in the towel. Many agricultural tenants have defaulted on their obligations and many distressed marginal farmers have put their land on the block. Thought for the day " Wisdom begins in wonder. " —Socrates (Greek, 469-399BC) Word for the day Unputdownable (adj) (especially of a book or periodical) so interesting or suspenseful as to compel reading. (Source: Dictionary.com) Malice towards none If you have to name just one, what in your view would be the   most critical problem afflicting India presently? Nifty: Hope prevails As the benchmark indices tested the lows recorded in Se...