There was a huge discount in Nifty future over spot.
In the past, whenever this happened, markets moved higher in next few days.
Reason: Majority are in short, any good news, huge short covering.
But this time?
Fingers crossed.
DOW lost more than what it gained yesterday.
US market volatility is going to be here for many more months.
This period may be the longest period of high volatility in the History of US stock markets.
Markets react to headline news violently.
One company, TARGET, came with bad results, it has fallen 23% in US, all other Retail shares fell more than 10%, DOW, S&P 500, Nasdaq all down more than 2% down.
Inspite of losing upto 75% capital in recent IPOs, investors are still trying to get rich by applying in new IPOs having insane valuations. It shows that markets are down but investors' greed and ego are still up.
#IPO
Why I invest in stock market and not start my own hospital 😂
1. I can invest with any amount
2. I can do it today
3. I can invest in 10 businesses at same time
4. I can withdraw anytime
5. I don't have to worry at all regarding the management
6. I can sleep peacefully
🧵#equity
#stockmarkets#trading#sentiments
शेयर बाजार के शुरुआत में पांच हज़ार गवाने का इतना दुःख नहीं होता जितना पांच सौ कमाने की खुशी
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Even few months ago, government was pricing LIC at Rs.2100 per share. Now the IPO price is not even half of it. A distressed market is a friend of value buyers.