Analysts just can’t stop predicting:
Know what ? They say Sensex might touch 19,500 this year.
Rediff:
Market experts believe that the reforms expected to be carried out by the new government may keep the market sentiment upbeat and propel the index to regain the levels, it had seen in 2007, in the months ahead.
“Our upside target for the Sensex is 19,500 this year which the index may climb if the government surprises us with a phenomenal budget,” Morgan Stanley managing director Ridham Desai said in an investor summit arranged by television channel CNBC TV 18.
That’s similar to what the “analysts ” said when the stock surged past 21,000 that it was likely to touch 30,000. I think all the research that they do is check out the past 1 month’s growth rate , average it and put it for the next 6 months. All right, they might just think of something more, but seriously, the not so great researcher-traders like me fall for these predictions and invest their bank balances into the market.
As you know whatever happened the day the stocks surged 2000 points is still not known. Was it sheer optimism? Hope or Major FII(Foreign Institutional Investor) inflow? I think it was FIIs. The FII tally till date in this month goes to Rs 17,288 crore and the inflows for the three remaining sessions can make it go well above the all-time high of Rs 18,948 crore recorded in September,2007.
My personal portfolio had declined 60% percent in the markets but now its just 12% negative and i hope it gets 0% -ve and starts profiting. Even though I have been Investing in the last 6 months but i still don’t feel i got the profit i deserved or maybe wanted.
As the Legendary Investor Warren Buffet says “Don’t believe in any tips & predictions . Do your own Homework.” Yeah, I know he is a BIG investor and we are just tiny fishes(maybe worms) in front of him , but I feel he is Verrry correct. We should do our homework before we put money into these markets specially in the adventure times.
