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nitin_jagtap
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Joined: 29/Dec/2007
Location: India
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Posts: 1283
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   Posted: 15/Mar/2008 at 6:44pm |
Hahahaha .
Jack and Mungerilal also happen to be neighbours and live in the same apartment complex whose name is Fantasy Land ....they accidentally bump inot each other at a shady local bar in the neigbourhood .
Jack : Hey Mungi ....long time no hear no see whats up 
Mungerilal : Hi Jack ..what do you mean whats up..everything is down Jack ...  .
Jack : How are you doing in the markets ?
Mungerilal : Dont ask ...nothing going in my favour and what about you ?
Jack : Yeah Mungi ....its the same story for me as well
Mungerilal : I cant even cover my shorts now ....anyways hows everything at home ...hows Johnny ?
Jack : All are fine Mungi ...Johnny has become very smart these days ...he is learning the tricks of the trade very fast and the rascal teaches me many new things  and hows Bunty doing ?
Mungerilal : Same as Johnny ...Bunty is also learning the nuiances of the game very quickly and many times advices me also ...
Jack : Thats good Mungi ..atleast people wont commet on us saying 'Like father Like son'.
The two sit in the bar discussing the markets and they go on for 2 more hours and gulp down a few pegs of Raja Whisky .
PS - A few months back it was Johnny Walker ..then it was 100 Pipers and now it is Raja Whisky ...few more weeks I dont know what their next choice would be....arrack may be?
Edited by nitin_jagtap - 15/Mar/2008 at 6:54pm
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Warm REgards
Nitin Jagtap
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 3142
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Posted: 15/Mar/2008 at 8:37pm |
Originally posted by kulman
Bunty: "Keeping in view their current condition, they would have called it Holey."
Mungerilal: ".  .... .Bh$#%^.... "" |
Fwiw....Most global markets are closed on Next Friday (21-Mar) and the following Monday (24-Mar) due to "Good Friday" and "Easter Monday"!!!
I am sure that everyone would appreciate the holidays!
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 15/Mar/2008 at 9:08pm |
Originally posted by nitin_jagtap
Mungerilal : Same as Johnny ...Bunty is also learning the nuiances of the game very quickly and many times advices me also ...
Jack : Thats good Mungi ..atleast people wont commet on us saying 'Like father Like son'.
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 ha ha....and the discussion continues...
Mungerilal: "Yaar Jack you track US markets also. Tell me what's this Discount Window?
Jack: "The discount window is an instrument of Fed's monetary policy that allows eligible institutions to borrow money from Fed, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions. The discount rate is like your RBI's Repo rate.
Mungerilal: "Is that so? I used to think that when those insolvent banks go there & markets discounts the news by throwing their shares out of the window."
Jack: "Bu$%^#....you talk like Johny"
Mungerilal: "Bh$%&....seems that I'm learning a bit from Bunty"
Edited by kulman - 15/Mar/2008 at 9:09pm
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Life can only be understood backwards—but it must be lived forwards
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
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Posts: 6675
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Posted: 15/Mar/2008 at 10:49pm |
Originally posted by BubbleVision
Originally posted by kulman
Bunty: "Keeping in view their current condition, they would have called it Holey."
Mungerilal: ". .... .Bh$#%^...."" |
Fwiw....Most global markets are closed on Next Friday (21-Mar) and the following Monday (24-Mar) due to "Good Friday" and "Easter Monday"!!!
I am sure that everyone would appreciate the holidays! |
Everyone surely does.......
However, I believe we wont have that many holidays in our markets. Hopefully, by that time markets would have become more sane. Lets see....
Enjoy your holidays....
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 16/Mar/2008 at 1:16pm |
Bol Mere Laal
Bunty: "Papa.....For those Financial Stocks what it does it mean by valuing based on P/B."
Mungerilal: "Bunty Beta......it's Price to Book value. The lesser the ratio the better it is."
Bunty: "Hmmmmmmmm....sounds logical. But looking to the over-agressiveness of some bankers to grow & their insatiable greed I was wondering whether the ratio means Price to Bhookh."
Mungerilal: ". ... Bh$#%^...."
Bunty: "Gaali waali bahut ho gaya. Tell me honestly, aren't you sh*t scared about tomorrow's market opening?"
Mungerilal: " ..."
Edited by kulman - 16/Mar/2008 at 1:22pm
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Life can only be understood backwards—but it must be lived forwards
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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 16/Mar/2008 at 11:02am |
Bol Mere Laal
Bunty: "Papa.....Good morning! Today our school closed early because the Headmaster & few teachers were not feeling well due to Markets mayhem. So what's the news?...you look worried as usual"
Mungerilal: "Bunty Beta......Fed rate cut was the 1st on a weekend since 1980's."
Bunty: "What's the big deal? Look you also prefer to go to the barber on Sundays. So what if Bernanke uncle cut his on a weekend?"
Mungerilal: ".... Bh$#%^...."
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Life can only be understood backwards—but it must be lived forwards
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Janak.merchant1
Senior Member
Joined: 14/Jan/2008
Location: India
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Posts: 364
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Posted: 16/Mar/2008 at 11:11am |
Originally posted by kulman
Bol Mere Laal
Bunty: "Gaali waali bahut ho gaya. Tell me honestly, aren't you sh*t scared about tomorrow's market opening?"
Mungerilal: "..."
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Amazing. Market is down by 733 points while i read Kulman's post. If only Bunty had given some indications abt the magnitude of the fall.
People who were involved on the long side of F & O are wiped off with today's fall. Seems like that.
I have heard people losing whatever they had made in last three four years. Markets can be v v risky and brutal for a person who does not know what he or she is doing. All the new comers, most probably will go back to their profession, the markets will become boring... , the person who does his homework will eventually win. Just like schoool going student.
Best wishes,
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I love my money, not my opinion. So i am ready and willing to change my opinion for the sake of protecting my money.
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nitin_jagtap
Senior Member
Joined: 29/Dec/2007
Location: India
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Posts: 1283
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Posted: 16/Mar/2008 at 11:29am |
Yes JM ...I am reminded of 2000 .....the fantasies , the castles in the air ( I had also built a few) ......will this seperate the men from the boys.
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Warm REgards
Nitin Jagtap
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