Will this end in a blowout rally and/or a crash?
More and more people have started believing that this is a new secular bull market. A tiny group of people continues to believe that we have been in a bear market rally. Events of the past two weeks confirm the beliefs of both camps. It is never as confusing as when bulls as well as bears can draw their confirmations from the same set of...
Random musings on a truncated trading but positive fortnight
I have been getting it wrong recently—not the medium-term direction (the advice remains ‘buy the dips’) but on the short-term trend. A correction is overdue, I thought weeks ago. But a torrent of money has flooded in and everybody seems to have concluded that a big bull run is back; India is different (decoupled); and all is well...
A chance to buy stocks cheaper may be round the corner
In our previous issue, we had predicted that a decline of around 10% or so was round the corner. Instead of declining, the Sensex has reversed and gone higher. More importantly, contrary to our expectation, there was no pressure on the global market from the US. In fact, massive selling by insiders, low short positions, increase in...
