How to Identify a Bull Market

“US Markets are in red and headed for a recession”, these are the headlines that I heard on CNBC today morning, the other headline was Indian Stock Market (Sensex) rising by leaps and bounds and it is Sensex vs the rest of the world. Indian markets are bullish despite the Sebi’s check on the FII’s. Believe it or not the sentiments and the mood is too high to pull the markets down.

I was going through a simple search for “bull Market India” and found the this post by tapering numberIts a real intersting and a humorous post to judge whether its a bull market or not.

    It’s a bull market if you’ve woken up this morning with the feeling: “Thank god, it is Monday!”
    It’s a bull market if the analyst takes a deep breath, runs his mind quickly across 1985, 1992, 2000 and says, “But it is different this time.”
    It’s a bull market if the MD is talking to you but looking at the CNBC ticker.
    It’s a bull market if your son asks you for the meaning of ’support’ and you confuse him with trend lines and candlesticks.

    It’s a bull market if your sense of time evolves from ‘I knew her from the time she was this small’ to ‘It was in those days when Webel-SL was only Rs 5…’
    It’s a bull market if you discover a sudden respect for the middle-level accountant of a publicly listed company and suffix his name with a ‘ji’ (A word showing respect in Indian Language synonymous to ‘Sir’).
    It’s a bull market if you see 25-year-olds trade derivatives arrogantly and come away feeling that you need to read Victor Frankl’s Man’s Search for Meaning all over again.
    It’s a bull market if every analyst advises caution but adds, “However, in the long term we are bullish.”
    It’s a bull market if people call you up to discuss the weather, the pollution, the nation, the Marxists and inevitably end up with, “Kuch khareedne laayak?” (”is there anything worth buying?”)
    It’s a bull market if a Rs 10 crore profit becomes a Rs 15 crore profit quarter-on-quarter and you sneer dismissively, “Kuch ho nahin raha hai!” (”nothing is happening”)
    It’s a bull market if you apply the ROI (return on investment) concept to everything your wife says you need at home and grumble: “Yaad hai (”rememeber”), if we had not bought the microwave oven but bought Saboo Sodium stock, today you would have been a queen riding an Alto…”
    It’s a bull market if you encounter a new species of professional who only works five days a week from 9.55 to 3.30
    It’s a bull market when housewives discover an undiscovered part of their personalities in the 90 minutes between putting the tadka on the daal and picking pappu up from school by calling the broker and asking “Tewariji, aaj kya naya hai?” (”whats new today”?)
    It’s a bull market when the Opinion Democratisation Index peaks, usually manifested in 23-year-olds dismissing companies with a 10 per cent increase in earnings as ‘chors’ (’thieves’).
    It’s a bull market when you ask why Prism Cement will go to Rs 81 and the answer is ‘Kyonki website pey likha hain’.(’because it written on website’)
    It’s a bull market if Enam puts out a research report indicating that the stock could double in a year and you say ‘Bus?’ (’thats all?’)
    It’s a bull market when the management is explaining its restructuring, business model and sustainability agenda and the analyst simply wants to know ‘Lekin EPS kya aayega?’ (’what would be the EPS’)
    It’s a bull market if the wife starts getting suspicious about an sms every two minutes on your cell phone, sneaks a look when you go to the loo, only to find ‘Buy Nifty futures’.
    It’s a bull market when people don’t have more than Rs 223 in their pocket but discuss stake sales and numbers ending six zeroes.
    It’s a bull market when you find it difficult to go on a vacation because somewhere deep inside you nurse the feeling that an unattended market might do something stupid behind your back.
    It’s a bull market when Nandigram seems a ‘jhanjhat’ and Myanmar monks irrelevant.
    It’s a bull market when a company with a turnover of Rs 1300 crore announces an expansion of Rs 16,000 crore, issues a statement, cuts ribbons and is photographed alongside the CM and all the hard work being put in by some outstanding business leaders suddenly looks like poultry raw material.
    It’s a bull market when you read the front page of the pink papers and realise how small you are.
    It’s a bull market if your daughter mentions ‘Let us take a break’ and your first recall is interrupted hours of trading due to the sun outage.
    It’s a bull market when you get irritable on Saturday and Sunday.
    It’s a bull market when you read a column like this and say, “What? No tip?” and hiss that your time was bloody wasted.

Note: This post is originally written by Mudar Patheriya, source not mentioned on the website from where it is borrowed

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