Return of recklessness

Is it deficit MONSOON? Who is talking about it. Are the stock valuations fair and reasonable or overvalued? Nobody seems to care about it. Have all the negatives on corporate workings and financial tightness resolved? Who is bothered. All every trader and strangely the INVESTORS want is to make money, that too quickly and everyday. And for this, all of them want the market to keep going up. And the sentiment is adequately supported by the money supply and the cheerful faces of some business channels who are always talking about market going up only.

It is shameful that many analysts and business channels who talk about decoupling theory are also talking about Dow Futures and S&P 500's chart. Why should they be worried about them when they are convinced of our(INDIAN) markets decoupling? I dont understand.

I am convinced that the short term money(about which neither the Govt nor the SEBI is bothered) which is driving many stocks to unreasonable valuations will dry up soon and then we can see a collapse similar to what we saw after the Budget. The Dollar Index is suggesting a sharp reversal and the stocks and commodities will follow suit in the opposite direction. So be very choosy in buying, if at all you want to buy.Otherwise sit tight on your money and deploy it from 4200 to 3800 level. ALL THE BEST

For consultancy and advice contact: sairam_1983@yahoo.com