We are all forecasters. When we think about changing jobs, getting married, buying a home, making an investment, launching a product or retiring, we decide based on how we expect the future will unfold.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $1000 and go to Las Vegas.” This is such a profound statement from Paul Samuelson, who was the first American economist to win the Nobel Prize in Economics.
Predicting or forecasting the market is likes rains forecast by the met department. Continue reading “Market Forecasting”
Had an interesting conversation – “what is the feeling on Markets? I think further selling will be there. Everything is going against the economy Crude, Rupee, Earnings, Monsoon. Global issues not cooling down, Greece planning to exit Euro, China Production is slow, Saudi might again attack Yemen. Yaa but we had a spectacular run up this year as well as all in anticipation. Macro was improving and micro we were discounting and were giving time, but now Macro is against us and micro will take time to improve. People are booking profits big time I think ….”
To be honest no one knows how market will react, if you are keeping these points in check probably you might do well :-