In your interest.
Online Personal Finance Magazine
No beating about the bush.
The past few weeks have highlighted the difference between being right and making money
In the 28th March-10th April issue of MoneyLIFE, this column, written on 21st March, had suggested that “from the depths of despair rises hope. There are several indicators now to suggest that we may be witnessing a short-term bottom here.” The Sensex was 14,995 at that time. This view was reiterated in...
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...