Now, as a layman, I meet these executives, heads, and fund managers on various channels. They are all very smart people and believe that they have mastered the game (ECONOMY). When I hear them speak I get convinced that they are the masters of it. They may not have all the information on the ground but they have the position, and that’s what matters.

My father always said that stock recommendations or even IB is like a bollywood movie. You have to create a story and on top spice it up with whatever you can. I would apply this wisdom to economy. With so many channels around and 24 hours of software requirement (shows) you need people who can talk. Most of them are good story tellers. Just the way you try and predict the climax of a movie  they predict the ECONOMY.

But the major concern is everything is based on what is happening today. A fundamental analyst on these channels gets a minute and the poor fellow talks at such a fast pace that you feel someone is holding a gun on his head. If you can make out anything from what he says it would be something from the following: “ …cement sector is slowing down”, “…pharma is a safe bet but affected by the slowdown”, “…auto sector won’t make a comeback for next 18 months” etc.

But on the other hand these self styled GURUs called Technical analysts (who btw get a significant footage) would say that if THIS level is breached next target is THAT. Or if THIS support is broken then the next one is THAT. Put a stop loss at THIS and THAT etc. But fortunately or unfortunately market is not concerned with a technical expert and it listens to the fundamental analyst. If we do the same we would also gain something from it.

Just to be on the safer side I asked Mr Anonymous, the game developer, what was in the box? He said due to slowdown he could afford only the box and there was nothing else in this game called ECONOMY. But since these top people paid hefty amounts to buy it they kept mum on this to justify the move. So there was nothing in the ECONOMY back then and there is nothing in it even now. But those who have mastered the game now think otherwise.

I asked Mr anonymous what is he planning to do now in the market. He replied, “We're not ready to start buying yet. We'll keep our powder dry until we think prices are as low as they'll go”. I could not agree more.