The so called Market Experts

Nifty ends around 5050: Experts say 5200 is a distant dream - Oct 21 2011

Nifty may see a relief rally, but 4700 is certain: Experts - Dec 12 2011

Downtrend still intact, Nifty may see lower levels: Experts - Dec 13 2011

Experts see new lows for Nifty; RBI policy eyed - Dec 15 2011

Nifty may see 5700, valuations look attractive: Experts - Jan 26 2012

Experts don't see Nifty going below 4700: Experts - Jan 26 2012

These are the headlines on a popular website that have the so called experts predicting the nifty levels. I wonder who these experts are and why do they keep changing their opinion so frequently. It's like dancing to the tunes of the market moves. If the market is trending higher, these guys come out and make predictions on the upside whereas if the market is looking down, they change their minds. If their predictions are so fragile, then I really don't think the term "Experts" makes any sense.
It's probably better to throw a dart and make a prediction ourselves rather than listen to these so called self proclaimed market experts.

Don't the TV channels or websites who feature these market experts and their predictions understand this? Well, they very well do. Then why do they feature the so called experts and their predictions? That's because of us, the viewers who are looking for that daily dose of tips and predictions. As long as we are interested in listening to the commentary of these experts, we would keep seeing them.

I just have one thing to say. Listen to the predictions if you want to but don't take the predictions seriously :)

Generation Shift in India

I thought about penning down my observations about how spending patterns are fast changing for the Indian consumer. There has been a radical shift in how the Indian consumer spends today compared to say our parents generation. A lot has changed in India over the last decade or so with globalization and this will continue in the foreseeable future too. For anyone who was born in a middle class family in the 80's would know exactly what I'm trying to say here. The youngsters today are more Brand conscious than ever. With Jobs easier to find and the rise in the disposable and discretionary incomes along with the availability of easy credit and the desire for a better life have led to the spending levels rise faster than ever.
These are one way irreversible changes and the future generations would expect much more from their lives in terms of the living standards, their lifestyles and comfort than what the earlier generations did.
For me, who grew up in the 90's and like all the people of my generation, we have been a witness to this transition and can relate to how the expectations have changed over the years. What today's kids consider as their birthright today were once a luxury for the generation before.
The rise in wealth and the living standards that we are seeing today are positive in my opinion and I hope these percolate to people belonging to all the different strata of society and we have inclusive growth with better lives for all the people in the coming generations.