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Showing posts from December, 2019

Market Euphoria?

I remember a quote today by Sir John Templeton "Bull Market are Born on Pessimism,grow on skepticism,mature on optimism,and die on EUPHORIA'' Markets seem to have achieved a sort of mini-euphoric phase given the relentless rally of about three months without any significant correction. Various polls suggest most of people are bullish that markets will touch new highs. Markets are at dizzy highs despite gloomy economic data. And things may get worse before they get any better with sensex touching 41000 mark & nifty nearing 12200,at current levels India is still the most expensive among peers. This makes investing a risky bet. The slowdown in the economy means that earnings in sectors such as automobiles, consumer discretionary and some parts of consumer staples will be within the standard range. Orders in a large way have not yet trickled into the capital goods and infrastructure sectors, which means that this portion of the market is not expected to turn up ...