I heard Warren Buffet saying on CNBC-TV18 that he would prefer to own equities over Government bond for a long term investment goal and even did mention and I quote
I didn’t know what was going to happen the last two years. Why should I know what’s going to happen the next two years?
If he makes such statements, you can easily infer that no one knows whats going to happen in next couple of years but then its always equity investments for a long term horizon which gives substantial return over any other Asset classes.
This week ( Starting Today 27th July 2009 ) we have Future and Options Expiry and so all predictions can go wrong but then also I think I would share upcoming events. In the expiry week we have some triggers for the market.
- Earnings season ( Which is very much on )
- RBI Policy on Tuesday
- Global Cues
Depending on how the news come out we can see if the market moves up or down.
Earnings season is more likely to be positive and we have results of Reliance Industries, Tata Steel, DLF coming up which all are expected to be a positive triggers for the market.
On Tuesday we would see credit policy announcement and that could be one of the triggers for the market.
Last but not the least Global Cues which should be positive for us to move higher.