May 15, 2009

Uncertainity in Govt Formation-" Invest " in High Denomination Notes

On the counting day (16-05-09 ),every body agrees that barring surprises ,there would be a hung parliament with no party getting a clear majority. Investors and punters in the share markets are having a tough time taking investment decisions . Following is the transcript of a discussion among investors :

First Investor :
" Do you think it is advisable to take long position in Banking shares.? What if Congress has to rely on Left support ? "

Second Investor
:" Yaar , you worry so much . We all know that no party would get a clear majority. Considering the rates at which Horse trading would take place there is bound to be a shortage of High Denomination notes. Why don't you invest in them ? "

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