The Coming market Decline
Debashis Basu on where the stock market is headed 17 December 2009

We have turned neutral but expect a sharp decline soon

In our previous issue, I had turned bearish with a caveat. I had said that “the price action towards the end of the fortnight (ending 27th November) has stirred us.

We now have a forecast: it is down. The headwinds are increasing.” However, it was an early signal and we needed a viable stop-loss. I had, therefore, asked: “What if we are...

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