Tuesday, February 12, 2008

The optimist in me........

If you go through the various business sites related to the US, most of them would have articles about whether US is headed for a recession or not or is US already in a recession. Even though most of the articles point that the US is headed for a recession or is already there; I would always end up reading one that says positive things about the economy and the market. Like this one which speaks about the fourth quarter earnings of various companies, if you leave the financial sector out the others have been doing well. But as the article explains the losses of the Financial sector are too big to ignore, the hope is that we have seen the worst and things will improve in the coming quarters. Every time the Indian market loses a few hundred points(seems a daily phenomenon to lose a few hundred points), I hope that the market has found its bottom and will gain over the coming period. That has not been the case and at 16500 we have analysts saying that we may lose another twenty percent in sometime. But the optimist in me says Investing in companies having strong fundamentals will give great returns, how much time it will take for the markets to return to its bullish ways is  the million dollar question...

1 comment:

Ab said...

Dear Swap, in your very first blog you were introduced as an expert. i plan to religiously follow your advice on how to gamble in the market !! hence, i would not like to see comments such as "I hope that the market has found its bottom and will gain over the coming period" from an expert ;-) .. the investors expect more confident statements from their gurus..