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    Long & Short of Markets: Stocks Jhunjhunwala is selling; and portfolio tips from Vijay Kedia


    Rakesh Jhunjhunwala trimmed his stake in two Tata siblings.

    ET Bureau
    Ace investor Rakesh Jhunjhunwala.
    NEW DELHI: As renowned economist Milton Friedman put it: "the stock market and economy are two different things." Today’s reality is in line with those observations. Be it stocks or bitcoins, drunk on liquidity the hyper-bullishness can be aptly explained with ‘the greater fool’ theory which points to a behaviour anomaly in making stupid decisions to buy goods at expensive prices, hoping that some other bigger fool would buy these goods at much higher prices. Read this and more in this weekend’s edition of ‘Long & Short of Markets’.

    D-Street as rich as India!
    If you want to get a right perspective on how pricey the capital markets are, take a look at the Buffett Indicator. The key valuation indicator shows that Dalal Street’s total market capitalization is almost the same as the size of India’s GDP, which is definitely a cause for concern. Read more here. >>>

    It’s a rebound, not a recovery
    Raghuram Rajan opines that India is still in a rebounding stage and not recovery, as the economy is yet to reach its previous highs. Substantiating his claims, the former RBI governor uses two-wheelers and four-wheelers sales numbers to conclude that the demand from the lower middle class population is yet to pick up. Read his full interview here. >>>

    Bitcoin eclipses Tulip mania?
    Dutch Tulip bubble of 1636-37 was the first major bubble recorded in history, with the highest multiple (39.9X) of the underlying asset value ever. Bitcoin is not far behind with 3 boom and bust cycles in the last 10 years, 7x returns in the past 12 months with a market cap of around $650 billion. Read here to know why Bitcoin is unlike any other bubble we’ve seen so far. >>>

    The ‘Big Bull’ just went light
    Rakesh Jhunjhunwala trimmed his stake in two Tata siblings. After a 15X boom in the last decade, the 'Big Bull' decided to book profits, but only partially. Here's more on what Jhunjhunwala has been up to. >>>

    Taming the raging bull
    Maverick investor Vijay Kedia, known for his bets on rather little-known stocks, says that the stock market has passed it’s ‘dust’ and ‘must’ phase and has now entered the ‘lust’ phase. During these indecisive times, this D-Street veteran advises investors to enter sunrise industries and exit those seeing sunset. Read here for Vijay Kedia’s strategy to fearlessly ride Mr Market’s dust-must-lust cycle. >>>
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    2 Comments on this Story

    Hrithik44 days ago
    Always there exist stocks that can turn your 1 lakh to 1 crore, it is investors who fail to identify them.
    An avid admirer of Raamdeo Agrawal is giving his 10x and 100x ideas on his twitter handle: @niftygranmaster using fundamentals and technical research work and backtested learning of 20 years.
    Get the identified stock names on his twitter handle: @niftygranmaster. Interesting part is that he is posting all his hard work on this twitter handle without charging anything- neither explicitly nor in any hidden manner. His twitter handle has more than 2500 followers.
    Prakash Ramiah46 days ago
    Milk,curd,butter,ghee...if the cow milk yeild goes down..negative meaning more water,more grass..farmer sells at rock dealing cows they see the teeth and for sale and purchase a towel is used and both the seller and buyer touches the finger and every finger had a value and by touch of the correct finger agreeable deal is closed and those near by will not know. They used to show signs in outcry and voice used to hear upto dena bank in horniman circle in bse...churn the portfolio..
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