Past 2-3 weeks,markets worldwide have been quite bullish,be it equities,commodities. The U.S and Euro zone macroeconomic data has posted better numbers.Equities rallied over 20%,with sensex sustaining above 10000 levels and nasdaq almost 1% up yoy basis.
I think things were just so bad for past few months than any glimmer of improvement/hope is greeted well. Thats what made bulls squeeze the bears recently. IT gonna take much more than few macroeconomic data for a month to improve consumer sentiment which would be the first sign of economy recovering.So,i feel,it was Just another fool's rally which lasted longer than recent ones,bears are still there to lead the market in time to come.The lows mite have been made,but they can be tested again in time to come.Another trigger for panic could be credit card defaults in US. The rumours have been in market for long but now,news regarding defaults are surfacing up.Its too early to be Bullish.Markets shall fall again before finally ralling to justified levels.
Happy trading!!
Sunday, March 29, 2009
Wednesday, March 25, 2009
6 things which change once u move to job from college
1.U become very lazy,and find busyness of job as excuse for all delays.
2.U start gaining inches,and despite worrying about it and claiming to start workout soon,u dont do a single thing abt it.
3.Ur phone bills gets doubled.
4.U start valuing weekends much more than u did during college.
5.U dont wish to go back home on weekends as u prefer partying/lazying around than travelling in public transport.
6.The last one,but its quite universal.."Yaar,COLLEGE DAYS WERE NOT THAT BAD" :)
Happy trading..
2.U start gaining inches,and despite worrying about it and claiming to start workout soon,u dont do a single thing abt it.
3.Ur phone bills gets doubled.
4.U start valuing weekends much more than u did during college.
5.U dont wish to go back home on weekends as u prefer partying/lazying around than travelling in public transport.
6.The last one,but its quite universal.."Yaar,COLLEGE DAYS WERE NOT THAT BAD" :)
Happy trading..
Saturday, March 21, 2009
THE CURIOUS CASE OF BENJAMIN BUTTON
Last nite,i watched THE CURIOUS CASE OF BENJAMIN BUTTON, in which a man's life moves in backward manner to normal life.He is born as a 60-70 yr old man,and age backwards.From wheelchair,he starts moving,then leaves old age home and starts working as a sailor,gets younger and goes to brothel,grows younger day by day and marry a girl who was a child when that guy was born.There are very few movies i dont like...but this one,i could thoroughly enjoy...deserves to be an oscar winner.In the end,it leaves me wondering how life would really be if thats the way life goes on for everyone.Why not to get rid of old age,joint pains,illness right in beginning years of life and just drop off responsibility of own shoulders for last 20 yrs of life.
Wont earth be a better place to live as that will lead to less emotional attachment.One knows in advance his maximum age and thus can live with lesser tensions,lesser burden on self,marries at age of 60...ends marriage at age of 20,retires from job takes pension and,then flirt around in college,and in last years...forget how to walk,how to speak.Just like in a cricket tournament,if the last game of series is won by a team which already lost the series,the party element isnt the same in series winning side,same is the case with life,what matters to us is how we spend last 20 yrs of life..and aging backwards would let evryone enjoy it more.
Earth would be a much different place to live....
oNE OF THE IMPRESSIVE QUOTES FROM THE SAME MOVIE...
Benjamin Button: Sometimes we're on a collision course, and we just don't know it. Whether it's by accident or by design, there's not a thing we can do about it. A woman in Paris was on her way to go shopping, but she had forgotten her coat - went back to get it. When she had gotten her coat, the phone had rung, so she'd stopped to answer it; talked for a couple of minutes. While the woman was on the phone, Daisy was rehearsing for a performance at the Paris Opera House. And while she was rehearsing, the woman, off the phone now, had gone outside to get a taxi. Now a taxi driver had dropped off a fare earlier and had stopped to get a cup of coffee. And all the while, Daisy was rehearsing. And this cab driver, who dropped off the earlier fare; who'd stopped to get the cup of coffee, had picked up the lady who was going to shopping, and had missed getting an earlier cab. The taxi had to stop for a man crossing the street, who had left for work five minutes later than he normally did, because he forgot to set off his alarm. While that man, late for work, was crossing the street, Daisy had finished rehearsing, and was taking a shower. And while Daisy was showering, the taxi was waiting outside a boutique for the woman to pick up a package, which hadn't been wrapped yet, because the girl who was supposed to wrap it had broken up with her boyfriend the night before, and forgot.
Benjamin Button: When the package was wrapped, the woman, who was back in the cab, was blocked by a delivery truck, all the while Daisy was getting dressed. The delivery truck pulled away and the taxi was able to move, while Daisy, the last to be dressed, waited for one of her friends, who had broken a shoelace. While the taxi was stopped, waiting for a traffic light, Daisy and her friend came out the back of the theater. And if only one thing had happened differently: if that shoelace hadn't broken; or that delivery truck had moved moments earlier; or that package had been wrapped and ready, because the girl hadn't broken up with her boyfriend; or that man had set his alarm and got up five minutes earlier; or that taxi driver hadn't stopped for a cup of coffee; or that woman had remembered her coat, and got into an earlier cab, Daisy and her friend would've crossed the street, and the taxi would've driven by. But life being what it is - a series of intersecting lives and incidents, out of anyone's control - that taxi did not go by, and that driver was momentarily distracted, and that taxi hit Daisy, and her leg was crushed.
Wont earth be a better place to live as that will lead to less emotional attachment.One knows in advance his maximum age and thus can live with lesser tensions,lesser burden on self,marries at age of 60...ends marriage at age of 20,retires from job takes pension and,then flirt around in college,and in last years...forget how to walk,how to speak.Just like in a cricket tournament,if the last game of series is won by a team which already lost the series,the party element isnt the same in series winning side,same is the case with life,what matters to us is how we spend last 20 yrs of life..and aging backwards would let evryone enjoy it more.
Earth would be a much different place to live....
oNE OF THE IMPRESSIVE QUOTES FROM THE SAME MOVIE...
Benjamin Button: Sometimes we're on a collision course, and we just don't know it. Whether it's by accident or by design, there's not a thing we can do about it. A woman in Paris was on her way to go shopping, but she had forgotten her coat - went back to get it. When she had gotten her coat, the phone had rung, so she'd stopped to answer it; talked for a couple of minutes. While the woman was on the phone, Daisy was rehearsing for a performance at the Paris Opera House. And while she was rehearsing, the woman, off the phone now, had gone outside to get a taxi. Now a taxi driver had dropped off a fare earlier and had stopped to get a cup of coffee. And all the while, Daisy was rehearsing. And this cab driver, who dropped off the earlier fare; who'd stopped to get the cup of coffee, had picked up the lady who was going to shopping, and had missed getting an earlier cab. The taxi had to stop for a man crossing the street, who had left for work five minutes later than he normally did, because he forgot to set off his alarm. While that man, late for work, was crossing the street, Daisy had finished rehearsing, and was taking a shower. And while Daisy was showering, the taxi was waiting outside a boutique for the woman to pick up a package, which hadn't been wrapped yet, because the girl who was supposed to wrap it had broken up with her boyfriend the night before, and forgot.
Benjamin Button: When the package was wrapped, the woman, who was back in the cab, was blocked by a delivery truck, all the while Daisy was getting dressed. The delivery truck pulled away and the taxi was able to move, while Daisy, the last to be dressed, waited for one of her friends, who had broken a shoelace. While the taxi was stopped, waiting for a traffic light, Daisy and her friend came out the back of the theater. And if only one thing had happened differently: if that shoelace hadn't broken; or that delivery truck had moved moments earlier; or that package had been wrapped and ready, because the girl hadn't broken up with her boyfriend; or that man had set his alarm and got up five minutes earlier; or that taxi driver hadn't stopped for a cup of coffee; or that woman had remembered her coat, and got into an earlier cab, Daisy and her friend would've crossed the street, and the taxi would've driven by. But life being what it is - a series of intersecting lives and incidents, out of anyone's control - that taxi did not go by, and that driver was momentarily distracted, and that taxi hit Daisy, and her leg was crushed.
Wednesday, March 18, 2009
Finally,now Crude oil looks bullish...
Past few days,Crude oil has rallied upwards with decent momentum.It looks like the worst is over as far as crude oil is concerned.Those days of oil prices in mid 30's dollar per barrel should not be seen till next crisis.Market has shown interest in posting gains quite consistently.Though its still in range of 40-48$ for past 2 weeks,but whenever the break happens,it looks more favourable on upside.Equities have also posted over 12-15% gains in less than 2 weeks and have broken recent highs today.The sight looks promising as Fed announced buying of toxic assets and treasuries.Inspite of bearish oil inventories,i think market must break to upside soon.Despite no Opec cut,Oil showed no interest in heading down.Everything looks positive as a trader as higher prices means more intraday movement :)
(not so for oil importers)
lets see how it goes,oil must stay in 45-65$ dollar range for rest of the year.
(not so for oil importers)
lets see how it goes,oil must stay in 45-65$ dollar range for rest of the year.
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