Market moods

Mr. markets seems to be defying all levels and is in a really bad mood. Seems like he is unhappy in the way people had treated him in the past and taken him for granted of moving in only one direction. He has yet again proved to all of us that he moves by his own whims and cares for noone and just when everyone is expecting him to make the much anticipated move he would turn up with a big surprise.

Now, he has been in a really very bad mood and upset with the condition of oil and subprime. But, give the reaction people slowly have again started aligning themselves with him and predicting that the markets would move down in the near term. These days its an easy task to find reports of the lower and lower targets for Sensex (i have heard of 10,800 and 11,400 and many more). So,despite being hurt by Mr. Market's mood swings and his utter disappointment on the expectations of the oracles of the market (since mr. market damaged the oracles reputation). But, oracles are invincible and are back with newer predictions. The new predictions are more biased towards the downside, since mr. markets doest show a sign of happiness at the moment. Some of the oracles had been propagators since the time mr. market was in a good mood and predicting his mood to go sour since the past several years. But, these guys became visible only when Mr. market actually disappointed everyone and these talented guys (or may be lucky) were given the status of god, who could actually read mr. markets pulse.

But, my feeling at the moment is that mr. market might again surprise everyone (upside more probably or may be downside also but less probable). But, given the mood swings of market one thing is sure he is in a mood to surprise any and everyone who tries to predict his move. Surely, many people have been hurt in this whole humdrum and the tantrums of mr. market, but alas we were also enjoying at his behest, so we needn't complain since he keeps our lives exciting for sure (both ways).