Daily Call - Jan 1 2009

At the outset, on behalf of the Anagram family, let me wish you, your family members and associates a joyous 2009. While the Chinese will call 2009 a year of the Ox, we call this as the year of the under-Dog. All those coins that were passed off as fake in the year 2008, will find buyers. Our take is commodities will make a come back and chiefly crude. It’s not a straight ride to the moon, but be invested in upstream crude companies and buy more if the commodity dips to newer 2009 lows.



We look back at the year 2008 not with disgust but with respect the way you look at your teachers. It was the year in which the most important strategy for risk mitigation – diversification – failed. 1st of January is a good day to wish friends, not exactly a day to take out your cheques books and start writing cheques. Today everyone will be out with their recommendations. Just collect them. Allow the prices to drift lower and then buy. That’s what a sensible investor should do.