I am grateful to readers who seem to have missed my appearances on TV. It is a great feeling to know that readers look forward to my views on TV.
This blog is not a market blog, at least I do not want it to become a 'tips' and 'what will the market do' kind of blog. This is the reason why I avoid giving my views on the market, in the blog. The blog is for learning and education.
But today is different. I did not watch TV (I am in Kolkata for a holday), but I assume that earthshaking events must have taken place today. A friend called up to say that Udayan made an appearance on CNBC-TV18 late afternoon because the world was crashing (This is hearsay, unverfied information, so apologies for any mis-statements). I assume most business TV channels must have carried similar 'the earth is shaking' themes.
I sometimes wonder if business TV causes crashes or crashes cause Business TV to get hyper. This is a question for which I am unlikely to get an answer.
I was trading today. But I was in my parents home. They were watching their favorites on TV so I did not want to change the channels. I had no idea why the markets were crashing after 3 PM. I thought, if there was something serious, the decline will continue, if not, I will buy. Around 3:20 the decline did stop, so there was nothing serious. I bought 5800 and 5900 calls (November). Now, we will see what happens tomorrow.