A plea for normalcy

The political pronouncements continue.  For the moment, they are positive. I think the operative word in the previous sentence is "for the moment". By the time Europe opens, some negative statements could come out and what we see as a positive trend in Asia, could, within a blink of an eye turn into a pretty large fall by the time US ends.

Given the extreme volatility in the market, driven mainly by political developments and more importantly by political pronouncements, the job of a trader becomes extremely difficult and even depressing. I am short on the Nifty but will most probably be forced to cut and go long today if the first hours high is taken out. I will make it a point to inform you if I am actually cutting my short positions and going long.

Other than the fact that the markets have not been treating me well, I have had a decent last week. The Test match between South Africa and Australia provided lots of entertainment. I read this book "The Reluctant Fundamentalist" which I liked. I ran a lot through the week. I drank a few good single malts, had some good food and in general had a good time.

If only, the markets start behaving and the other good things in my life continue. The last couple of weeks have been truncated weeks with holidays creating unnecessary gaps in the Nifty. Hopefully with normal service resuming, the gaps will reduce and my trading will improve.