A sentence on markets

Today I read an article in the fourth page of Times of India. This article by Santosh Desai was titled Dismantling Our Heroes. Definitely worth a read. Actually I could write one whole note on that article itself but I might lose some readers if I did that and there are already very few of them!!! Another article worth reading was in todays MINT----about Ludwig Von Mises, the one economist who had predicted the Crash of 1929 in his economic theory. This article should be read because we are currently creating the same conditions that lead to the crash of 1929.

You might wonder why all this in a note on the markets?. The answer is very simple. I do not have much to say about the markets and after all this is supposed to be a "note" on the markets and not just "one sentence" on them. All that I have to say can be encapsulated in just one sentence "Equities and commodities are still trended up (or in other words their trends have not changed to down) and that the Dollar index is still trended down".

The question as to which stock should one be buying is really not important because if you notice most of the movement in stocks can be explained by the movement in the market. That is most stocks are highly correlated with the markets. So whether you choose one or the other hardly matters specially if you get the market direction right.

I saw this Hindi movie Ajab Prem ki Ghazab Kahani this weekend. Crazy movie and it had some really funny moments. After Andaz Apna apna, this is another attempt at comedy by the director. I do think that those who loved Andaz Apna Apna will love this movie too. And yes I loved Andaz Apna Apna. By the way Ranbir Kapoor is definitely star material. This movie was all Ranbir.

Before I go, I am long Nifty from 4750. Not really in the money currently. Could sell and go short if Nifty breaks below 4740. Stop would be the high of 4835.