The original Calvinball

This was one of my early notes. Was sent to clients on the 2nd of March 2009. I still remember it. So I added it to my blog just so that it remains in the archive.

We continue to remain short on the Nifty. Other markets including HSI, HSCEI, Nikkei, Dow, FTSE, Nasdaq are trending down. The only exception is Kospi which is currently in an uptrend.

Oil continues its downtrend, gold is trended up and the Dollar index is headed higher. The situation has not changed since yesterdays note.

SEBI has acknowledged that the old takeover rules might need to be changed in view of the fraud in Satyam. This should enable an eventual takeover.

Australia has proved that they are great fans of Calvin and Hobbes by attempting to turn cricket into Calvinball ( a game whose rules can be innovated on the fly). They have also proved themselves to be great innovators and go getters. I can think of three rules that they have surreptitiously innovated into cricket already. 1] A batsman is out even if an Australian fielder takes a catch on the bounce. 2] An Australian wicketkeeper can flick the bails when collecting the ball and the batsman is out bowled. 3] An an Australian fielding captain is the third umpire on the field. In case the regular umpires are dumb enough not to give an opposite batsman out then the Australian captain can declare him out.

Naturally opposite teams being ignorant of these innovated rules take umbrage and question the Australian teams sporting spirit. Some even go to the extent of hinting that they cheat. Australian teams naturally react with outrage to any such accusations. After all ignorance of the law is no justification for such unsportsman like behaviour of the teams playing Australia.

Thanks that felt nice. And now just to remind you that this is a note on the markets I reiterate that we remain short on the Nifty.