Where will the fresh low-interest money from Japan and US go?
Last week, we had asked: ‘Now that the smart crowd is muted, will a temporary low be formed?’ The market seems to have given us a short-term low. On 27th October, the Sensex hit 7,697, a level at which many stocks were available at throwaway prices. From that point, the Sensex staged a superb recovery, rising by about 1,500 points...
The smart bullish crowd is muted. That is a contrarian's sign
In the previous issue, I had said that a small relief rally may be round the corner; enjoy a rally as long as it lasts. After the issue was out, we had exactly two days of rally; then the Sensex crashed to a new 2008 low of 9,911, easily cracking the psychological line in the sand of 10,000. The first time it rose above 10,000 was...
A short-term relief rally may be round the corner
Last fortnight, I said that there was nothing to celebrate in the rally that gripped the world in the week ending 19th September. Maybe we will have a tradeable rally in oil, gold and equities but such adventurism will end in tears for all except the most nimble traders. Indeed, while gold and oil went up and down, the monster global rally in...
