Posts tagged with "covid-19"
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Stock Market Is Down, I Mean Up
Just three days ago I was planning to write a post on how Sensex dropped 1190 points. In fact it went down as much as 1879 points at the lowest point in the day. But then I thought, what is the point of writing the post. It will be back up again the next day. Which is precisely what happened for the next 3 days. The stock market was moving up without a break. This has been pretty much how things were for the past several months now. One or two days the market might fall on some random news. Then it will continue on its upwards march for several days. There is absolutely no need to worry about any fall it seems.
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One Year Since COVID, Franklin, Sensex And Other Lows
It has been a year since I have seen all kinds of lows of 2020. That year turned out to be quite bad. However, it seems like 2021 is not going to be much better when it comes to COVID. But not everything is as bad. This post is a look back at what happened since the last year lows (from my perspective) and how things are now compared to one year ago.
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Sensex Touches New High!
Ok, I confess I am late to the party. But it seems like the Indian stock market is enjoying new highs every other day. Is this sustainable? Who know? Does anyone know why the stock market is touching new highs even as the economy has not recovered and many things are still unknown? No one knows. But that does not stop one from making wild guesses. The most common and obvious theory is that the market is buoyant on the news that a vaccine may soon come. I don't know why that should be a good reason to hit new highs.
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How Much Will I Get From Franklin Ultra Short Term
You have all read about the Franklin debacle regarding the closure of 6 Franklin India Debt Funds. Many have invested in those funds. Especially the Franklin India Ultra Short Term fund, lured by the excellent returns. I am also one of the investors in the ultra short term fund. And I have a significant portion of my debt portfolio in it. The fund came with a promise of "optimum balance between regular income and high liquidity". But now, it can neither generate regular income, nor does it have any liquidity at all. Talk about the irony :)
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What To Do During The Crisis and Lockdown?
The Indian government has called for a lockdown for 21 days. So you must all be at home with family including kids. So I am guessing you must be experiencing a taste of my life! Meanwhile the markets are doing things they are best known for, i.e. being irrational. Well, actually if you ask me, the markets seem more rational now than before. On the other hand, government and RBI are doing lots of things to overcome the negative impact of COVID-19 on people and economy. While analysts, bigwigs and news personnel are scaring the pants off us, complaining that governments are not doing enough and that there is an impending recession. It does not matter what everyone is doing, thinking or how irrational the market is, you can be more rational during these trying times and take it as an opportunity.
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COVID-19 vs Market
Have you seen the market lately? It has gone on a wild roller coaster ride. You get to read news like Sensex fell over 1500 points from the peak. Should you be concerned? Do you need to act on this news? Lets find out.
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