It has all been too chaotic and full of confusion across all markets in the world. Not even the so called Guru's were not aware that the whole sub-prime issue would turn out like this , they were always busy making more money out of other people's money and getting huge pay packages & crazy bonus. Most of them were just doing gambling in the stock market with our hard earned money .
Now that all this happened , who is on the receiving end , its again us , we are losing jobs and they have made enough that they can chill their life anywhere for their life time.
Now to Indian market, SEBI is still thinking if P-Notes are to be banned or not , I guess its high time they ban this gambling route. Our so called stock broking houses have made enough commissions from these trades now let them face some reality and do business the ethical & legal way, this will help us. I think its the right time as well to get rid of these P-notes and fix the issues in them which are being mis-utilized, its hight time, SEBI stats protecting our interests than working for broker houses and financial institutes.
Indian markets are looking good, since valuations of most of the stock looks realistic now , with all the fancy prices being kicked out of the door. inverters(we) have to be very careful while investing in such unknown market conditions, its better to do Systematic investments in stocks in these conditions and its also a good time to pick your dream blue chip stocks like Infosys, RIL , L&T etc
Also diversify you portfolio with across sectors and also invest in selected Large and Mid-Cap stocks, for now avoid Small Cap stocks.
Thursday, March 12, 2009
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