Search for a Cause

Thank God for small mercies. At least we know why the markets are falling. We have just been told by the Top News in Berg that Asian stocks fall as Euro falls to 2001 low against Yen on Greece concerns. Now that we know this, we should be able to make money based on this incredible insight. Oh do I hear you ask how does this knowledge help one to make money? Well I have forever been trying to find a way to make money from these news items. I don't yet have the answer despite trying very hard to find a way. But the fact that news like this is seen in media across the world must mean something. Either consumers demand news like this in their eternal quest for a cause for every movement of the market or this is the best that media can offer.

I cut my long positions on Friday when Nifty broke below 5088. Thankfully, I did not have to endure the pain of seeing S&P tank on Friday night with a long position on the Nifty. I need to sell short if the low of Friday is broken. Given the way SGX Nifty is trading, that is a certainty and therefore I will wait for the first hours low to be broken to go short.

Finally, the Ganpati festival is out of the way and we have around a 2 week window before the next big one begins. If rains hold off for a few days and the potholes get filled then life can better if only for a few days.