Stock prices today carry high expectations. A small correction may happen any time

What makes this market tick? “Cheap money”, continued economic growth, excellent corporate performance and global interest in emerging markets. So, will stocks head higher over the next six months? Yes. By how much? That is the hard part. Stock prices discount the future. They don’t discount known information...

The market is sitting on the fence and will take some more time to make up its mind whether to move into bull or bear territory

The dollar has been falling against the rupee since August last year; sometime after March 19 this year, it went into a free fall - from Rs44 to Rs40 in a few months. On worries that earnings of software firms would be hit, software stocks fell sharply. This could...

Inflation and interest rate worries have again gripped the world. India is better off on that count

In the last issue, I had mentioned that stocks are ready to make a short correction anytime. The correction came immediately thereafter. Now even global worries have surfaced. On Wednesday 13th June, the yield on 10-year US Treasury Notes shot up to 5.3%, the level it last hit in 2002. A sharp...