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કેમ છો? મારા મન પર શેરબજાર છવાયેલું છે, એટલે એની ચર્ચા કરવી યોગ્ય લાગે છે.

Dow Jones, Sensex, and other world indices - all poised at crucial levels.

Looking at the major markets around the world, subprime credit crunch (now stated to be around $1.3 trillion - yep, that’s billion with a T, and we have only seen declarations worth about $400 billion!) promises more pain for the financial sectors for several quarters to come, inflation just cannot be wished away while the leaders of the world fight over oil prices, food prices, commodities, and gold, unemployment figures, companies tightening belts (and underwears even) - all of these portends of bad times ahead.

The technical charts also point to the unfolding of a lethal wave that’s poised to destroy the markets everywhere, especially India which is closer to home for me. All the sectors seemed to have had their day in the sun. Now what? Tomorrow if the weekly close is below 15000, then the downward move can intensify and drag the Sensex below 14000. Bulls have tried their best to protect the fort at 14600, but have lost their grip now. One silver lining is that the fury of the unfolding down wave may be curtailed in the zone between 13700 and 14000. If not, run fast, away from the markets. But there won’t be any place for you to hide.

The age-old ‘buy and hold’ strategy is for the birds. The world economy is in bad shape anyway you slice it. I say what the heck: let’s call a spade a spade; and the emperor is NAKED whether one likes it or not. The present strategy is ‘book profits whenever you can’ and put a stoploss on your investments. I invite others to chime in whenever they feel like writing a comment or tell me off for my radical views or whatever. Show me that you’re alive and able to write.

ગુજુ બ્લોગમાં ખાલી ENGLISH માં ભરડે જઈશ તો લોકો નિરાશ થશે મારી ઉપર, એટલે અહીં ક્યાંકથી પ્રકાશ તો મેળવવો જ રહ્યો!

જરા અંધાર નાબુદીનો દસ્તાવેજ લઈ આવ્યો,
અરે લ્યો, આગિયો સૂરજથી થોડું તેજ લઈ આવ્યો.

કવિ છે શોભિત દેસાઈ. કેટલી સરસ કલ્પના છે! આશિતભાઈએ આની એટલી જ સરસ સ્વરરચના કરી છે. એમની CD જરુરથી સાંભળશો.

તમને મારો બ્લોગ ગમ્યો? તો જરુર તમારી comments લખી જણાવશો. અને ક્યાંક કંઈ ઉણપ લાગી તો તો ખાસ લખશો.
પણ કંઈ લખ્યા વગર ચાલી જશો તો વિચારોની આપલે કેમ થશે?

પરેશ

તા. ૧૯-૦૬-૨૦૦૮

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This entry was posted on Thursday, June 19th, 2008 at 5:03 pm and is filed under Gujarati, indian economy, stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.