Posts tagged with "sensex"
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....continue reading
It is extremely funny to read stock market news. These days there is almost no useful news at all when it comes to investing. Makes me wonder why I still follow financial and business news. I will take up the case with a few articles that all arrived in my news feed on the same day plus some....continue reading
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....continue reading
At close today, both Sensex and Nifty are down by 30%. We are officially in bear territory. It is considered a bear market if the market has fallen more than 20% from the recent highs and the investor sentiment is negative. Some market pundits are predicting that there is going to be a recession worse than the 2008 crisis. I have no idea if that will happen, but I am not worried at all. Also I cannot predict market, so I can't even tell if they are correct or not. But I have a plan....continue reading
Sensex highest closing ever was 41,952. Today it closed at 35,634. That is more than 15% drop from the peak. Is it time to worry? Is there going to be a recession soon. Should we sell all our stock and buy lots of non-perishables, for the world is going to end? Nah, nothing like that really. Silly you, it is just a mere 15% drop from the peak. Keep your pants on and don't panic....continue reading
While I don't predict where the markets are headed, I sure do enjoy the news and commentary which do. Some headlines attract my attention when I am reading the daily news. I email myself those interesting articles which predict Sensex or Nifty to touch a certain level by a certain date. Then I snooze the email until that predicted data. If you didn't already know, gmail has this nifty (no pun intended) little feature which allows an email to be dismissed from your Inbox only to magically reappear on a certain date. I use it quite a lot. So in the past few days I have been receiving these emails from the past. Did their predictions pan out? If so, should we have acted on those predictions back when they were predicted? Lets find out....continue reading