Wednesday, October 19, 2005

The Stockmarkets- "Much ado about nothing?"

I have been trying to be a professional trader for the past one and a half years and if there is one thing that I have learnt is that nobody can predict the market in the short run and in the long run only blue chips do well. The kind of monitoring that CNBC does of the market is actually required only by a professional trader which can be done with real time software. Most traders know that markets are totally unpredictable Then one wonders that what CNBC is doing is “Much ado about nothing” All the lovely looking women and all the analysts propounding theories without giving much reasoning. Its as if the entire lot of them were standing over a small baby and trying to predict what it was going to be when it grows up. The analysis of company results is somewhat valid but sometimes the shares do not move even though the company performs and vice-versa- its like a commercial hindi film used to be; makes no sense. Everybody hovers around the market as if it were a small plaything And monitor it the way a meditator monitors his breathing Nobody can predict mkts whether it is rising or taking a beating All deliberations on them are “Much ado about nothing”

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