unjustified euphoria ......

yesterdays rally came out of nowhere - on the back of prospects of NDA govt .... that is what i hear ... and FIIs were the drivers

was it justified ? lets look threadbare .....

what do you think ? who knows indian polity best ? the phirangs with their computer simulated models or people like you and me who have lived here for decades and know all the colours these political chameleons can show ?

personally i am thrilled with the prospect of NDA government - due to my political leanings ..... but at the same time i will not throw caution to the winds and recommend all out TEJI.

the dice is loaded against NDA govt as they are political untouchables to many .... far too many .....this means that the NDA govt becomes a reality if BJP on their own move closer to 180 .... which to me looks a farfetched scenario ...... i have also not forgotten the 13 day govt experience of BJP 12/13 yrs ago .......

so - even if exit polls indicate a NDA scenario - a lot more drama has to unfold between today evening - the official results and the coronation of LKA as the prime minister ...
there will be huge huge swings both ways ..... and only the speculators thrive in such a scenario .... the average investor gets cut both ways .....

so we shud do the most obvious and most logical thing .... sit out this uncertain period .... if you hv moved to substantial cash - as told several times in last 10 days - deploy 20/30 % on big downswings .... only in quality stocks .... that is our objective .... isnt it ?

for heaven's sake, dont chase prices ...... be patient - because like swiss trains which come at the station - every hour - on the dot - you wl get several opportunities to get back into the market and that is inspite of NDA govt .....

governing with mistresses like jaylalita or mayavati - or even both - is not easy .... not at all easy .......