Diwali is just the perfect time to think back, note the new things & learning – preferably from other’s mistakes ); or through observations … so with the Diwali wishes, it was time for me to ponder things…
Some random thoughts, observations & learning
- Investors were very happy not at 9 15 am, the start of markets, but at 3 30 pm when it was the end of market hours. Market close on Holidays & Sundays were bliss this past 10 months.
- Fundamentals were low on weight against, WhatsApp & Telegram Groups. The Samdhi’s of Reliance Group even complained to SEBI… New management chapter added to management courses – “How to increase or decrease valuations using social media”.
- More predictions were made for Nifty Lows then Nifty Highs. Many of us got to know what is Technical Support and Sentimental Support levels? So many Nifty levels this year.
- Volatility increased but as per market sources, demat numbers have gone up, the number of terminals at your broker’s office have gone up.
- Social media was determined to make everyone value investors. Locals like Jhunjhunwala or Kedia were eclipsed by Warren Buffet, Howard Marks & Ben Graham images & wisdom.
- The poster face of CNBC TV 18 admitted, (it was an 2016 video but I saw it last month) that in an endeavor to direct, we (Media) should not miss direct. There is no way anyone can predict markets.
- No one thought Dollar was more important then PNB Scam but markets proved “international” threat is bigger then homegrown issues.
- Demand for Mid & Small Caps has gone high. No one understands them, but everyone wants to adopt them.
- People were seen in blame shifting game like the Government: RBI did not do enough for the currency hence I lost money… SEBI did not do enough on FIIs, so I lost money. blah blah… This means investors & their behavior remains consistent… If I Win I am Lucky, if I lose, point fingers.
- Investors have found new love in their holdings: Funds/stocks which fell less may be the future potential is less.
Points mentioned are meant to see you smile on this occasion of festivals.
Happy Diwali !!!
