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basant
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   Posted: 15/Oct/2007 at 8:29pm |
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No. people are cautious bull mkts do not end in when investors are cautious.
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tyler_durden
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Posted: 15/Oct/2007 at 8:30pm |
look at t from %age points ... we had a big rally of close to 60% in sensex earlier also with minor corrections of 1-2% coming in between before we had a mayhem....so it is still 35% and we can go up a lot from here....
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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tyler_durden
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Posted: 15/Oct/2007 at 8:30pm |
Originally posted by basant
No. people are cautious bull mkts do not end in when investors are cautious. |
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do they end when they re euphoric 
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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tigershark
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Posted: 15/Oct/2007 at 9:58pm |
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yes very euphoric in your office provided you are not astockbroker or not in a stockbroking office everyone will be discussing shares, the taxi driver in mumbai will aply for ipos, you will get tips from the most unlikely of sources, you will hear of stories of how people have changed their jobs and have become investors, you will run out of money buying magazines describing the euphoria, having said that keep an eye on global risk appetite,that could change if funds either discover a new mkt or the fed stops printing
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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tigershark
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Posted: 15/Oct/2007 at 10:14pm |
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to give you apossible example of global credit risk, citigroup today has said that credit losses will plague the financial mkts for the rest of the year.us stocks have already had the largest fall this month.citigroups net is down 57% this qrt, if this noise now gets bigger and other large banks join in then global euphoria can becom cautious, we are going up because of global fund manager euporia rather than domestic euphoria.let us hope that citi warning is not that serious
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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Mohan
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Posted: 15/Oct/2007 at 10:16pm |
Originally posted by stockaddict
The sensex has reached 19000 today and morgan stanley closed at 57.85,NAV should be 66 today. I don't know whether the sensex can reach 25000 by Feb 2009 but if (and a big If) you get a 15 % correction it makes great sense to buy it then and with less than an year and a half remaining you can make decent returns with limited downside risk due to the cushion provided by discount to NAV while buying from market. I feel only good results can sustain the current unidirectional movement in sensex otherwise a big correction is on cards. |
Any guarantes that it will not convert into a open ended fund ? This way not everybody will redeem. Redeeming the whole corpus under current situation will need planned divestment upto Feb 2009. MSGF cannot sell everything on last day to redeem units.
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Be fearful when others are greedy and be greedy when others are fearful.
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xbox
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Joined: 10/Sep/2006
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Posted: 15/Oct/2007 at 5:47am |
Any guarantees that it will not convert into a open ended fund ? This way not everybody will redeem
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It will be converted into Open ended MF. It is upto unit holders to decide on buy/sell. Their redemption cycle could be longer , as it was created 15 years ago and that time policies were quite different from now.
Edited by xbox - 15/Oct/2007 at 5:49am
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deveshkayal
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Posted: 15/Oct/2007 at 11:07am |
5% in Infy is the only negative i see in the portfolio. I guess IT stocks will be trimmed after seeing the results. Ruchir does seem a smart manager.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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