Trend is Friend

I am a firm believer of the Fundamentals and not very fond of technicals. But when i invest in a market at 20 PE i doubt whether i am still a fundamental Investor. I am not a lawyer but i fight my case strongly. So at this level too i can justify my actions. I can use various theories thrown in by the big bulls in the market. This gives me a lot of support.

Previously they (news anchors on various channels, bulls et al) talked about markets touching new highs like 28000 etc. Markets did not oblige and went down. Now the language has changed. They dont talk about insane targets and at every level they say it may not cross this but will find a support at 15000. This gives me a lot of support (again).

I find myself in a big conflict zone here. I ask myself everyday that if markets are always doing what you expect least then why am i investing at current levels? Since the downside risk is less? or is it because i have not learnt anything from the past?

And if nothing is certain then what i am doing in the market is nothing but stupidity. But then i look at the current profit figure in my portfolio. I then wear a coat of lawyer and make this announcement- Trend is my friend.

One more thing, October is a dangerous month to speculate in stocks. The others are, August, January, March, September, May, December, February, June, April, November and July.

Be careful, Cheers!!