Thursday, November 12, 2009
But the only guys worth mentioning are the dealers, really. They are the most charged and colourful people one can come across in an otherwise boring set up. Someone once asked me, "People buy and sell because that's what you do in a market. What the hell is there to write about that?" Of course, I had no answer to give, not one that was convincing anyway. And yet we write and sell the news successfully.
So when the essence is so bleak, one tries to make the best of it. I'm going to digress a little more before getting to the point. Stock markets, as a rule, follow no rules. There's no way in hell that anyone can say confidently what really is going on. But the Indian stock market is in a league of its own. Dig deep and you will find people who can put Bernie Madoff and Rajaratnam to shame. After all, these guys got caught. Indian market is one big orgy of synchronized buying and selling. It's fascinating to see real-time trading in some stocks, especially those of tiny companies. They rise 10%, turn flat and fall 20% all in a matter of five minutes. So, naturally there are days when the Sensex (which is what I mostly look at) is behaving like it's suffering from bipolar disorder. These days are the best to talk to people on the "floor." Half of them will say, "Humein sach mein nahi pata, aapne kuch suna kya?" And the rest say whatever comes to mind.
On one such erratic day, I called a dealer. I was really flustered because I had asked a zillion people and they were all stumped. And I have a deadline of 3.55 in the afternoon for filing my market report. Markets close at 3.30; it was already 3.20 and I still did not have my precious quote.
The conversation went something like this:
"So, what's happening in the market? Kya lagta hai aapko?"
"Indian market hai, madam. lt's like this only."
"Magar aaj toh kuch zyada hi upar neeche ho raha hai. There's no logic."
"Indian market hai, madam. Here no logic, onnnnnly magic."
I had my Eureka moment, right there. I drifted away and imagined how this quote would look in my market report on the Wall Street Journal. It's a pity we are not allowed to quote dealers. But his wisdom was amazing, he had totally nailed it. Because the word 'magic' sums up all the rigging that goes on in various stocks. Why the Sensex falls 2.5% in a day and still manages to close 1.5% higher is anybody's guess. Unfortunate as it is, everyday I need at least two names against the "guess."
After all, journalism is all about the eyeballs. The best quote, the best picture, the best footage, getting the quotes of the most popular guy, capturing his image....
Ironically, the only guys worth quoting never get quoted. And that's the magic of neo journalism.
Sunday, November 08, 2009
Tuesday, September 22, 2009
Monday, July 20, 2009
Monday, July 13, 2009
Friday, May 22, 2009
Twittering your way….through a relationship
So we all know we are in the incredible tech age where anything is possible, where technology has redefined who and what we are or have become. And understandably, its effect on our relationships has been significant too. I am someone who has always been technologically challenged. I thought SMS-ese was bad, now I’m assured of many more horrors that will arise for as long as I am alive. But I digress.
If you are someone who is too lazy to pick up a phone and go through the cycle of identifying a number, dialling it, waiting for the person to pick up and, horror of horrors, talk to the person, your days of worry have long been gone, I presume. There’s SMS, e-mails, chat services, and for people who like being open about their lives, there’s Twitter. I’d imagine the thought of so many options would be as joyous as the birthday bash of a 5-year old.
By now, you would have figured that the above mentioned type is hardly the one I wish to talk about. What if I am someone who isn’t fond of the phone but picks it up anyway because it is the lesser of god knows how many evils? Too bad. I don’t belong to this century where things change, are done and undone, at the snap of a finger.
Yes people, I belong to the century where it was alright for two people to be in the same room and enjoy silence, read books, talk about anything under the sun, listen to music and just “hang out.” Don’t bother telling me how long ago it was that things were this way. But to me things make way more sense this way. Of course, a lot depends on whether one is looking for sense in a relationship.
Sense or not, I don't think it's too much to ask that communication be intelligible. That "Ok"s come by instead of "K"s and you actually get a chance to look at the person you are talking to rather than send the odd SMS.
But I have also come to believe that I’m a staunch fatalist. Only things that are destined to be doomed attract me. Sigh…. some vintage romance would be just the deal at the onset of the rains. Alright stop smirking. Everyone’s allowed some time in la-la land once in a while.
Wednesday, April 01, 2009
Today something happened that reinforced my faith in humanity and also took me down memory lane. I got a ticket for riding my bike against the traffic on a one-way street. Yes, that hasn’t happened in at least 4 years now.
