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Monday, March 17, 2008

Exaggerated sensitiveness....
For now it seems as if the web woven by the Bear Cartel is inescapable for the Bulls as the cartel have been hitting the bulls hard whenever opportunity comes their way. Today Bulls tried hard one by absorbing the sales of Bear Steans and than after the sales got over to bring the market up but their efforts seemed to have failed this time only to give a moral booster for the bear cartel who know think that they are invincible.

The reason we talk about bear cartelling is because couple of days earlier Drakes a US Hedge Fund was assigned for our market correction of 850 odd points finally it was understood that the fund had no exposure in Indian markets. Than IIP no’s were taken for the correction of 500 odd points even when the global markets were up. Hence whether the global cues are linked to our market or not our market has to correct 800 points.

The Bears have been using every negative global cue to bring down our markets. This makes us confident that the recovery would also be V shaped. Although Bulls have trying hard they get hit by the global cues which are coming in a continued phase but we are sure that as the global cues start to settle down Bulls will charge and come harder.

Now there are fresh rumors which are been circulating in the markets that CitiBank and Lehman Brothers are about to file bankruptcy which means the bears would be galloping for another carnage. Although it is just a market speculation and there are no actual evidences of the same.

At this point in time I can suggest all those who are not over leveraged may just relax and take break and leave the market to bears.

"Exaggerated sensitiveness is an expression of the feeling of inferiority.

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