It happens only in India

rajsingh

Active Member
#1
As per todays mumbai mirror around 300+ brokers agitated to have a bronze statue of the bull recently installed in front of BSE removed. WHY? They claim its a PANAVATI..:eek: and the markets were unable to resume the bull run after it was installed.

Good lord , no wonder people who follow such brokers advice go broke.:D

You think that the FII's would want to think thrice about putting their money here after reading this....

If u guys come across such marvelous trivia do post.

Of course your response to the above is very much welcome

http://epaper.timesofindia.com/Defa...ault&Enter=true&Skin=MM&GZ=T&AW=1201094356921
 
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musicjunkie

Well-Known Member
#2
I dont blame the brokers, they maybe have a strong point.....maybe the holly grail isnt tech analysis or fund analysis its probably SUPERSTITION!
Gawd, Insecurity and the market never have resistance for long do they? ahaha
MJ--
 

sudoku1

Well-Known Member
#3
I dont blame the brokers, they maybe have a strong point.....maybe the holly grail isnt tech analysis or fund analysis its probably SUPERSTITION!
Gawd, Insecurity and the market never have resistance for long do they? ahaha
MJ--
its due to the most sophisticated casino of the world......THE F&O:D
 
#4
I heard the direction of BULL is the main issue there. The BULL is actually facing outside of the market, meaning bull is running out of the market.

Bull here in NASDAQ faces inside the building, resembling going into the building.
 

krishna23

Active Member
#6
well i couldn't stop laughing when someone said 'ye sab saand ki poonch ki wajah se hua hai jo gate ke saamne hai'-people had to point the blame at someone ,but to the bull's ass is maybe taking it a bit far too far...
 

rajsingh

Active Member
#9
Here's some more bullshit,

BSE brokers blame bull vaastu for bear maul
29 Jan, 2008, 0220 hrs IST,Girish Kuber, TNN

MUMBAI: If all goes well, the bull may no longer show his back to the stock exchange. The beefy bulls inside the stock exchange are now blaming it on their bronze counterpart just outside the infamous Gate 2, the eastern entrance of the Bombay Stock Exchange, for all the bear-inspired troubles in the past two weeks. “Get him to look at us and all will be well,” they seem to say.

Looking to the street away from the hallowed precincts of BSE, where superstition blends with feverish money-making, is a five-foot-tall bull statue, usually a symbol of optimism and strength. But its unveiling on January 12 has ironically coincided with a bearish wave sweeping across the world. Now, edgy brokers are convinced it may be the position or the direction of its raging glance that is inauspicious, but the bull idol has to be moved if buoyancy has to return to the markets.

The BSE management has seen sense in the argument and consulted religious canons dealing with the question. “BSE has consulted a Vaastu expert who has suggested a change in the bull’s direction,” an exchange official told ET. BSE has also applied to civic authorities for permission to relocate the idol and the municipal corporation has said it has no objection to it, official sources said.

The Vaastu expert is understood to have advised the exchange that the bull has to be located in the South West, facing northwards. “Any other position would invite trouble,” insiders quote him as saying. A glance at the layout of the BSE building suggests that this may be near the main entrance, facing the rotunda of the building. This might mean that it was inauspicious for the bull to be looking away from the exchange.

The stock exchange also approached Bhagwan Rampure, the Solapur-based sculptor who created it, and sought his approval for the shift. “I have no role to play in the positioning of my work. Now it is BSE’s property,” Mr Rampure said. Some brokers who lacked the benefit of superstition said the whole thing was unwarranted.

“The current market fall has nothing to do with the newly-installed bull. It’s just that investors (and) brokers want a reason for the fall and so are flogging the bull,” said veteran broker Kisan Choksey of KR Choksey Securities.

However, BSE’s former executive director MR Mayya says the exchange has always attached high priority to brokers’ beliefs. Statues have been placed, tried out and shifted until they found themselves a suitable and an auspicious place. The statues of veterans like Phiroze Jeejibhoy and KRP Shroff too had to go through the motions before settling down.

MG Damani initiated a change in the direction of his (official) chair and bureau when he took over as BSE president. “Personally, I do not think the newly-placed bull is the cause for the current market turmoil; but one has to take into consideration the beliefs of brokers and investors as well,” says Mr Mayya.

This is not the first time that mute spectators have been blamed for a correction in Asia’s oldest stock exchange. Old timers recall that in the mid-80s, when BSE cut a tree for its expansion, there was a fall almost immediately and brokers said the tree’s pain wasn’t going to go unavenged. Years later, the brokers’ ire turned to the eastern gate.

The usually closed entrance was first opened in 1992 and the Harshad Mehta scam followed soon, pushing the markets down. It was again flung open in 2001 to welcome Bill Clinton. Doubtless, the famous post-dotcom market fall happened. It was recently opened again for the installation of the bull statue.

BSE may be all set to give its bull a home in the southwest, but it is not clear what Plan B would be if the markets were to fall even after that.
 

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