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...