Last year we predicted a few items in our annual Diwali Prediction post. A quick look at how we have done:
To give you an idea and a quick summary:
We have two excellently running products (Capital Mind Premium and Options With AP). We will soon release our Insider Product for sale, and we have a running Monthly Auto Sales report as well – all of which is part of Capital Mind Premium. We have our awesome new data platform: Snap! Where we have a lot of our algorithms and signals coded, with great stock and FnO charts, and of course, our proprietary MA20 indicators as well. Our team is now six and growing, and the awesome people who are subscribed to Capital Mind Premium have great conversations on our Slack channel.
Things are good, and they should get better next year, but let’s not tell you about them – let’s show you.
And the Nifty is down about 3% since the last Diwali.
We spoke of how banks would have to take the hit and NPAs have increased substantially. We saw GMR’s tollway default. Two L&T Projects defaulted. Amtek Auto defaulted. Apparently, even the government kinda-sorta defaulted! NPAs have risen and this is now a major concern going forward.
After investing a lot of money in the early part of 2015, Foreign Investors have started to exit.
…still continues. Will they? Won’t they? Will they now? Oh, sell everything! Wait, Yellen smiled.Maybe she means she won’t cut rates. Buy it all back! No wait that wasn’t a smile, that was her grimacing at a question by Congress. Sell again!
This goes on. For the rest of your attention span, this will continue.
The Rupee remains under pressure at 66.3 right now. Rates fell about 1.25% ending with a dramatic drop of 0.50% by the RBI in September. There were no major reforms, at least nothing so noteworthy we have to put it up here.
And yes, prices fluctuated 🙂
That post is coming soon. We presented a report card, and in our own opinion, the number of green pixels outnumbers the number of red pixels, so we won. Or, we lived to predict another day, and that day is tomorrow. More soon!
(And Have a Happy Diwali! Please be good and strong and healthy in the coming year.)