Friday, January 09, 2009

Quality Stocks? Give me a break...

It is quite funny to read this news article on Bloomberg.
 
Apparently a couple of analysts from Credit Suisse have suggested investors to pick 'Quality' stocks after the Satyam fiasco. Who in their wildest dreams would have ever, ever imagined that an organization like Satyam, praised for its excellent corporate governance would have a fall as big as this. There were brokerage houses (incl. Credit Suisse) and investment companis that recommended Satyam a BUY when it was Rs.500+ in 2007. It was no different in 2008 as well even when the markets were in turmoil. Ordinary investors, not as savvy as the brokerage houses or the FII's etc had to merely rely on such recommendations and either Buy, Sell or Stay Invested.
 
I would rather expect such analysts to shut their mouth and look into suggesting something that might help the common man out there who might have invested a substantial amount of their savings made over several years into such companies rather than further confuse and misdirect them. To me, even while I had made money and lost at times, I've considered stock markets to be legalized casino / betting arena. Despite this, I only pity the investors who might have lost a significant portion of their savings in one go and not to forget the employees, the most pitiful lot...hope there is light at the end of the tunnel and not a train!


1 comment:

Anonymous said...
This comment has been removed by a blog administrator.