In your interest.
Online Personal Finance Magazine
No beating about the bush.
Inflation is higher. The credit crisis in the US is getting worse - with more and more US companies announcing losses and layoffs. The Indian economy is supposed to be on a slowdown path. The problems seem endless. What is going right for this market? Nothing. And yet, the Sensex ended last week somewhere near 16,500, a level it had crossed in January during the first major crash from 21,000....
Last week, we had said that from the depths of despair rises hope and that there are several indicators now to suggest that we may be witnessing a short-term bottom. In the event, we have, indeed, seen a rally albeit a tepid one. This was also anticipated. As we had said, the market mood is in favour of selling not buying; so this rise will be in fits and starts. It was obvious that the market...
Since market players are resigned to their fate and have stopped looking for a bottom, a short-term bottom may be very near
From the depths of despair rises hope. There are several indicators now to suggest that we may be witnessing a short-term bottom here. Earlier, we had anticipated that the market may find a meaningful short-term bottom around 4,400 in the Nifty and 14,500 in the Sensex....