ETMarkets.comThe week gone by was one where all expectations went for a toss and you went home promising yourself never to assume things.
As stocks of NBFCs came crashing down like a pack of cards and the Sensex collapsed some 1,000 points in a matter of seconds, the mayhem left everyone dazed. This happened when Asian shares were perched higher and the rupee was on its recovery path, which made investors and traders sit easy, hoping for the bulls to return.
Investor Safir Anand best summed up the mood in this tweet.
Looking at the rs last 2 days, trump focus on oil, Usa consumption data, positives by ceos of jpmorgan, MS, India b… https://t.co/qn6B7Sou5g
— Safir (@safiranand) 1537503640000And then, this!
Repeatedly market shows futility of short term and illusions of knowing. Not one person knows mkt for even one hour… https://t.co/OkwsjnnYVj
— Safir (@safiranand) 1537520060000From Singapore, Samir Arora, founder and fund manager of Helios Capital, called the market's sudden plunge a stupidity!
Stupidity across the board.
— Samir Arora (@Iamsamirarora) 1537515944000Arora also had an interesting pitch to make, for a ‘rumour index’. Reasonable idea? Tell me, you don’t agree.
Someone should construct a rumor index. One could buy that as a hedge against markets like today.
— Samir Arora (@Iamsamirarora) 1537522778000Shyam Shekar, founder of iThought, made a point, saying tweeting in the aftermath is easy, but spotting the early trend is what can be termed ‘real investment’.
Tweeting in the aftermath is easy. Stick your next out before. Take a stand when nobody dares to. Be early to spot… https://t.co/FPjedFabaN
— Shyam Sekhar (@shyamsek) 1537564969000As is the wont of markets, someone's pain was obviously the gain for someone else.
In one day of bottom fishing caused by panic, those lucky enough, have earned more than those invested earned in th… https://t.co/VVLXzjNO86
— Safir (@safiranand) 1537518113000However, an interesting bit of information that crept in was that amid all the volatility, DIIs and FIIs didn't shun stocks but were rather taking every advantage of the crash to stock up on Friday.
Interesting data today FIIs buy Rs 760 Cr DIIs buy Rs 500 Cr today Today's volatility clearly handiwork of Bear Ca… https://t.co/j43D0Op3ub
— sandip sabharwal (@sandipsabharwal) 1537535735000Friday's mkt had nothing in it except rumours. Vested interest making a field. Good to see both dii and fii made positive purchases in this
— Safir (@safiranand) 1537625368000Safir Anand has some sector-wise recommendations and a solid piece of advice for the investors. Take a look!
Though I have said positives for paper, metal, pharma and mid IT, today's carnage opened up good short to medium te… https://t.co/71QHgCUiak
— Safir (@safiranand) 1537519009000Sometimes Returns are delayed Not denied. I'll like to think so.
— Safir (@safiranand) 1537556106000To sign off, here is a selection of what Shyam Sekhar tweeted through the week, with some interesting food for thought for investors, especially those who want to stick to the stock market for the long haul.
While expressing applause to an investee company, you should not become a Pollyanna. Learn to show informed applau… https://t.co/9xtXbZEZ7b
— Shyam Sekhar (@shyamsek) 1537421755000Asking you to sit around Doing nothing for years together is not exactly #GoodAdvice. #GoodAdvice must keep you a… https://t.co/hK5dZrDAwG
— Shyam Sekhar (@shyamsek) 1537493866000Like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice;… https://t.co/ueh0AUpq54
— Shyam Sekhar (@shyamsek) 1537500935000Suffering is a great teacher. Bear markets teach us how to succeed in bull markets. Irony is we tend to forget very… https://t.co/U7l84K03cK
— Shyam Sekhar (@shyamsek) 1537526513000If you take a stand against a theme or a company, it is just individual conviction. But, institutional cabals can… https://t.co/tqHKh81RjW
— Shyam Sekhar (@shyamsek) 1537581939000Most equity investors are frogs in the equity silo. Their knowledge of macros is, to put mildly, ordinary. The lou… https://t.co/JkyVNpbi6t
— Shyam Sekhar (@shyamsek) 1537584171000Read More News on
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