On Stock Markets

25th December
I think Indian stock markets are overvalued. However, this being a bull market, and the crazy amount of liquidity thanks to crazy periods of low interest rates, I don't think shorting the market is the best option. Macroeconomics are expected to improve. IMO, stocks that make up indexes are fully priced.

In this market, covered call is not a bad strategy. Buy futures or stocks and short slightly in the money call as the market is expected to consolidate. A deep protective put is advisable to protect against a black swan event. It is similar to selling a put but with futures or stocks,  you can rollover your position, this being a bull market and all. If liquidity dries up, markets are sure to tank as it is not really feasible to sustain such high multiples for long durations.

12th January
Interest rates may be very low is US but they are not low in India. Hence, valuations of India and US is not apple to apple comparison.

18th January
Markets seem to be going crazy.

23rd January
Markets have definitely gone crazy. Not a good time to enter new longs from an investment perspective. From trading perspective, longs can be entered. Valuations are a bit high. IMO, short positions should not be ruled out. Clear arbitrage opportunity using put call parity for Feb. Easy 5+ points. Brokerage might kill 2-3 points.

6th Feb
Markets have dropped about 6 percent since my earlier call. As usual I am right. My call on Bitcoin also proved right. Am I a god or what?

17th Feb
Markets continue to hover around the 10.5k mark. GDP forecast is not good, earnings are sluggish. People should short bitcoins. Sometimes I think that all the information is manipulated.