Originally Posted by Dev Mookerji View Post
It is not the question that where BSE will go, but question is it that How much u will be able to gain due to the fall.
In last three years market gains significantly.....How much u have earned?
Except earning from the market this type of thinking is ridiculous. Instead finding the direction, follow the market. I believe.
dev mookerji
Well said,Dev!
Saint
I am not a learned man to really know about where the index will be after 1 year, but nothing wrong about trying to guess how low and how high the index can move in the most favourable conditions and adverse conditions. One of the quote I like is the market is a voting machine in the short term and a weighing machine in the long term. I want to clarify the meaning of 2 words BULL **** and ridiculous
Firstly over a long term, markets indexes will trace the GDP growth, but since companies are going to fare better than people individually let us assume the markets are going to grow at double the pace of the GDP, but if the markets are growing at 70% as int the last few years, while the GDP is growing at 9% that is BULL *, but I know there is a reason for that FIIs buying into the market, which upped the demand for the shares
duing the 1999 , techies in US preferred jobs in the west than jobs in the east, because of the time zone difference, while the techies in the east were working in offices the techies in the west could trade a couple of hours and make around 200 bucks and go to office, which is sometimes more than their salaries. if you had bid a $100 for a sun micro, or juniper or cisco and told some friend or posted in forum , people would have called it ridiculous, but when the party was over you could have bid 5 or a 10 and still could have filled your order.
lastly, traders, indexes, speculators don't build economies, it is built in the fields, factories above all in schools and colleges, BSE at 50000 or 5000 does not mean anything , not a penny is every created or destroyed in the stock market , it is just transferred from one person to another.
thanks
Srinivas