Saare Zameen Par .........Crashed , Burned and The Revival of the Phoenix

Some expensive stocks would have cost you today less than a jockey underwear which i believe some definitely would have auctioned after today's disastor. Atleast mine are intact for the time being. ( Down at 10000 bucks). Just joking by the way.... its just the funny stories of the day getting to me....

If yesterday would be addressed as thrashing at the stock markets then today definitely was souls being burned alived in the morning session of trading. I got up in the morning at around 10 and was a bit astonished to see the countdown for start of trading at 10:15 ( Official start of trading is 10:00 AM ) and voice of dismal looking Udhyan Mukherjee explained it all. And so did the breaking flicker news at the bottom of CNBC-TV18. The sensex hits the lower circuit of 10% . Another witness of a kind of its own and the trading halted for half an hour. The market was a remarkable 2200 points down. Bulls have been torned apart by the bears. The losses are incalculable. Pure carnage and mayhem has been witnessed yet again.

Loads of people are cancelling their reliance checks to invest in the stock market in the news again. Oh boy what consequences.........
If these kind of enigmatic experiences continue day by day then you people would have to BEAR me a lot at this blog, Mind you....

Wouldn't great fans of reliance like me would have been delighted to watch and buy reliance industries at 2120 this year. Stock prices were tumbling like a pack of cards on the table and it was time to put them back where they actually belonged. You wouldn't call it a resurgence , but Indian Financial Institutions and retail investors stepped in at the right time to put a stranglehold on the venom of negative sentiments being spilled everywhere. I think the indian markets recovered well to put them above 17000 levels for a while. Burned to ashes and recovered again like a phoenix. You could see all the inflated valuations being driven down at the speed of knots. After all in the long term I feel that Fundamentals are everything and rest all is Bull shit. This after all was the best time to buy stocks and enter the markets with the risk to reward ratio finally on the side of the buyer. I myself was confused at one point of what to buy and what to leave. Everything was looking just so tempting.