that`s the point..............

a few days back we gave market view. Most of you get it day in and day out that too from multiple sources. Its not uncommon to get carried away by them, that too when there is inherent position generated in your business through buying or selling (expressed in foreign currency). For a moment people get transfixed on a view and actions cease to follow. What follows later is a market reaction -- as if it knew your side well in advance !!. We need not narrate what happens next..........

They say earthquake cannot be predicted . It happens maybe once in a lifetime. Statistically 2 or 3 out of 100 times. But when it happens it destroys more than three quarters of the affected part. Tsunamis are worst -- they travel coast to coast -- atlantic to pacific.

Financial markets had such events right from 70`s and as recent as 2008. Oil shock of 70`s, Pound`s exit of ERM, First gulf war, etc etc. The only survivors were those who fixed their objective, took right & timely steps and evaluated objectively. Those who hoped for dream angel`s predictions to come true -- have sometimes gained bountiful only to lose everything (including existence) on next occasion.