To appear in the media all you have to do is SOUND INTELLIGENT on that day. Then you have to hope that jokers like subramoney do not find your old predictions and put it out for people to see.
Sometime in April 2014 (about 7 months ago) we had experts like Shankar Sharma, actually saying this:
Absolutely no doubt in my mind that India will be sharply lower in May and of course emerging markets will be at least 10% to 20% lower from where they are right now,” says Shankar Sharma, Chief Global Trading Strategist, First Global.
Now for the common man it should have meant ” Run away from equity, the sensex is at an ALL TIME HIGH of almost 21000 (it was 20, 400) – AND WE ALL KNOW THAT MARKET WILL COME DOWN FROM 21K. Sounds so stupid NOW does it not?
And he was not alone – there were others willing to join in the chorus – Ashwini Gujral for one.
Then the article goes on to quote interest rates, China slowdown, rising inflation,….etc….
WHAT WOULD THE RETAIL INVESTOR HAVE DONE IF THIS WAS THE ONLY ARTICLE that he was to read?
He would have sold. IN fact my worst clients are the over educated guys n gals who a) think they know everything about the markets b) think they know how to time the markets, c) can speak for 4 hours on how indexing is superior to Naren Sankaran, Prashant Jain, etc. but keep their 10% in equity funds and 90% in debt or real estate.
So if you do want to read the newspapers, do so, but read papers which are 6 months old. Frankly it will make no difference. See what they said, and where it is now. Then you decide whether to smile, cackle, crack up, scream, cry or thank me for this brilliant time saving tip. You owe me a zillion. After all I saved you time 🙂
Post Footer automatically generated by Add Post Footer Plugin for wordpress.