Wednesday, June 22, 2011

Alternate Career


I had thought that the Greece problem will be over with the no confidence vote. But like the proverbial bad penny, the Greece problem keeps turning up. Apparently the market is not really clear whether the Greece Parliament will clear the austerity measures. What will take the cake is the Greek Parliament clears the austerity measures and then the market starts worrying whether the citizens of Greece will allow the austerity measures to go through! Finally the ultimate worry will be whether after all this, the German citizens will be happy to let their government to continue to bailout profligate neighbours with their tax dollars or in this case tax euros.

If these problems trouble you then I can suggest a very good solution. Make a list of all potential problems. Do not restrict yourself. Add anything you feel like. For eg we can worry about the other countries like Portugal, Italy and Spain failing like Greece. We can worry that Germany,the growth engine of the Euro region, will start faltering from next month. We can worry that France is in deeper trouble than we know. When we get bored about international worries we can add a few more domestic concerns like we can worry about the monsoon failing. If it does not fail we can worry about the fact the our food godowns are full and therefore cannot store more crops this year. We can worry about inflation and higher interest rates and lower growth rates. We can worry about corruption and the Lokpal Bill. We can worry about Anna Hazare and his threatened fast unto death. We can worry about our democratic set up being threatened by these non constitutional actors. We can worry about high real estate prices that refuse to come down. We can worry about the increasing traffic problems in Mumbai. We can worry about climate change and its potential catastrophic effects on the world. We can worry about an impending energy crisis due to depleted oil resources. We can worry about water wars and food crisis as the world runs out of water. We can worry about a new virus strain wiping out a large percentage of human population.

I can add a few more but already I am beginning to better. As I add more worries to my list, I realise that there just too many problems to worry about. In fact there are so many of them that my mind boggles and therefore stops worrying about any of them. I guess, beyond a point, there is an overload and the mind gets numb and stops thinking and I reach a state of no mind. In that state all worries cease to exist and I can just be!

From what I just wrote, I think I have a great alternate career as a Godman in India. From what I read about in papers some of them have assets in billions of dollars. While dreaming about an alternate career is very good, I need to continue to concentrate on the current one. I am short the Nifty on both STT and LTT. STT cuts its short and goes long > 5392. LTT does the same > 5610. Some Asian markets like Kospi have already done that today. S&P did that yesterday. Euro is already long as per STT. These are worrying signs for my short positions. But using a few of my no mind techniques that I talked to you about, I will just be and let the market take its course.

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