Thursday, August 14, 2008

The Great Indian BandWagon Jam.

Currently, there looks like a bit of a gridlock in the various Indian investment bandwagons' traffic.

It has been rather trying in the recent past for the captains of various bandwagons(even hand carts reported) to keep together the flock of believing "investors" and roll the wagons towards the heady future ( filled with pelf and prosperity) that looms ahead for any "long term" believer.
In fact, most annoyingly, these formerly docile "investors" have lately been behaving like a bunch of frightened hens leaping off the bandwagons with exaggerated flapping of wings and loud squawking at the slightest hint of market downturn. This is in sharp contrast to the saner days witnessed in this "fundamental" wonderland even a couple of months back when any slowing attracted even more "investors" to leap onto the Bandwagons from the sidelines.. hell if the rural rustics were hesitant or bashful, there were plenty of foreign "investors" wanting a ride into town.. good times loomed large just ahead !

And now .. all the BandWagons..the "growthStory" bandwagon, the "fundamental" bandwagon, the "value emerging" bandwagon, the "decoupled" bandwagon, the "landBank" bandwagon, the BRIC bandwagon, the "retail play" bandwagon, the "realEstate" bandwagon, the "infrastructure play " bandwagon.. all, but all bandwagons are having trouble keeping even the longest-term-outlook hens onboard.. and we confirm witnessing leaps executed by considerably weakened and frail "investors" off above bandwagons at considerable loss of limb and dignity totter off into the bushes for much more sedentry lives.

What tugs at the heart strings is the degree to which aspirations of the nation and its entire financial community ( alongwith their former captive flocks) have deflated in hope and scope.

What has definitely aggravated the disruption of the careful travel schedules of these above bandwagons has been the disturbing and widepread discoveries that virtually all such bandwagons, originally thought to being piloted by finely attired and glib Clairvoyants, turned out to be OPM (Other People's Money) smokers who all along had had their heads up a certain orifice which offered an entirely cocooned and comforting world view of their abilities and worth.. these new revelations have derailed some rolling momentum, yes.

So the ordinary "investors" ( let's be clear here.. these are investors who believe in the long term camp and are not some ornery, short termist kind of gambling punters looking to make quick large profits in double quick times ) were surprisingly left holding the proverbial bags and sitting on suddenly uncomfortable bandwagons with increasingly ludicrous looking pilots whose natty attire no longer glossed over the fact where he (yup.. all He here) got his insider insights from.. and it left the investor disturbingly disturbed about his (recently golden) future.

Well the entire country's roads today are strewn with every variety of bandwagon in various stages of breakdown and disrepair with the pilots/drivers looking much the worse after being extricated from their self-absorbed, internally fulfilling OPM orgies...suddenly exposed to harsh sunlight .. and it is plainly traumatic.

The "experts" again see the valuations as very realistic and tons of sideline money is going to come into play and the bandwagons will roll again and .. and much merriment will ensue.. but one gets the worrying impression about the bandWagons looking more like clownWagons.. complete with corny uniforms and hats.. and headed nowhere!!

..but reassuringly , the sidelines are even more crowded now with all that cash(oooh yes..) ..waiting to rescue the markets.
Remember, we are all Long Term now.

Say it together now..
Long Term investors have nothing to fear.

1 comment:

D. L. Bailey said...

Very amusing stuff.

Whats your thought about Indian consumer price inflation?