We wish all our Investors & Readers, Happy Diwali & Happy New Year, May this Diwali be a new beginning of peace, prosperity and happiness for you and your family!

Sufin Family
Money Grows with Sufin!!! 

After a long time long time my expectation for the markets have touched at last, no matter the expectation was near to 8500 and on the last trading day sensex negatively closed at 8701.07 and show the low 8566.82 that was near to our expectation.

Every Day, Investors and Traders expectation are just thrown out of the market and yet this happen on Friday, Every second markets were trying to struggle and after opening on 9535.41 it show Intraday High at 9570.71, But it was unstoppable and sellers were making a point that markets remain safe from hitting a circuit, it was like sky is falling and seems that there would be no end near to that.

I have no words for this market, even though we expected this market at 8500 but it seems to be very early, hope that the correction might be over or who knows another phase is behind this hope.

A day back I was for a business trip in Surat, Diamond Industry has also come into huge recession and rest of the Industrial Activity has also slow down. This is for the first time; Diwali does not look like old Diwali as Buyers have suddenly lose the purchasing power… If this continues further, then Indian economy will also face great recession.

This is very sure this target was supposed to touch before March but it has eaten rest of the all the investors who started investment at 9500 level expectation that the bottom is near. International markets, Worsening economy has give rise to great recession.

One can just hope few right decisions by the Government & Exchange could hold our economy and Markets may not fall further.

Happy Diwali & Happy New Year.

Sumit Jain
Money Grows with Sufin!!!

Buy American. I Am.

THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

So … I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.

Why? A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.

Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.

A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.

Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.

Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.

Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”

I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.

Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company.

Op-Ed Contributor/Courtesy New York Times 
By WARREN E. BUFFETT
Published: October 16, 2008
Times Topics: Warren E. Buffett