Profit from pessimism of others!

Large number of investors are awaiting in sidelines expecting markets to fall. They believe that market have run ahead of economic fundamentals and it’s driven by FIIs money/ liquidity infused by central bankers/ manipulated by operators etc. etc

D question is, in which period markets were not somehow rigged, manipulated or disconnected with from economy ? When was the last time where markets were completely free and devoid of intervention from either governments(LIC), central banks infused liquidity or clan of investors

who traded on thin ice n erred on the side of foul play?
The first equity market of
-1600/1700s was basically a mania driven to
-Jay Gould driven gold prices where government unknowingly became his ally
- to 150 million pumped in by Congress during Civil War help the economy to

-infusion of cash and confidence by J P Morgan in 1907 to help banking industry ( No Federal Reserve at that time).

Wall Street or Dalal Streets were not the most desirable places for career choices till 60s in Wall Street and in 90s in Dalal Street. Only and only in year 1924

first ever book was published to highlight that stocks can be held for LT. Discounted cash flow was first proposed by John Burr Williams in 1930s.

In India it was Scam of 1992 or tech boom /bust of 2000 or Ketan Mehta led scam of later years to once in a life time rally of year

2002 till 2008 only to be pricked by GFC.

Markets always have combination of fundamentals and speculation. If market only trade on the basis of fundamentals than just buy fundamentally strong companies and hold them for long term. Under this situation there is never a need for

billion of dollars trades on daily basis on bourses! Markets rarely ever work like this. It’s not about past results or even current circumstances. It’s almost always about future. And no one know for sure as what is in store in coming days ! Every buyer n seller think that what

what they are doing is absolutely right think to do. Else why will they exchange!

Some parts of markets is always manipulated n rigged. But they get most things right over long term. In short term it’s just opinion and counter opinion of millions. That’s why it’s impossible to

get hang of the market in short term on consistency basis.
Does this mean it’s like a casino. The answer is emphatic NO. In casino odds of every deal is known in advance. The longer you stay in casino it’s worse for you. Stocks market can be just reverse!
Even if you got your

timing horribly wrong, you can still make money in long term.
- If you invested at 4200 of Sensex in April 1992, you have wait for around 7 year plus to get back your principal and made some money.
- If you have invested in the peak of year 2000 than again you have to wait for

5 years plus to be in money.
- if you have invested in Jan 2008 than you have to wait again for 5 years plus to be in money.
But the value of your portfolio would have been
- invested in 1992 is 12 times without dividends!
- invested in 2000 is 8 times plus without dividends!

-invested in 2008 is 2 times plus without dividends!

Complaining about market manipulation/ what’s wrong with economy/ policy making always sound more credible. For some people it’s even therapeutic. But it’s does not help u to grow your wealth unless you are shorting d markets

based on your views. Since you are not shorting, this mean you lack convictions about your view and it’s just empty rhetorics!
We have to invest in the market d way they are and not what we wanted them to be! This mean being not only knowing but acknowledging that some and most

part of it will invariably be rigged / manipulated!!!

Whatever happens, some people will always be unhappy with the direction of markets. Just make money out of their pessimism!!!