Market on top

by Marathadi-Saamiyaar Fri Nov 21, 2014 3:22 pm

....was expecting this to drop - (and was getting ready to pull out my retirement from stocks). But with the bank of China and the euro Central lowering their interest rate, the stocks might hang on there.

Japan is in recession and Euro is down and (not good), and people have nowhere to put their money but in the US market.

At least I dont see the big D at this time..... Razz

by truthbetold Fri Nov 21, 2014 3:59 pm

"I dont see the big D at this time"

At least not today.

by truthbetold Fri Nov 21, 2014 4:05 pm

With oil down, India should move up a little.

by Merlot Daruwala Sat Nov 22, 2014 1:38 am

truthbetold wrote:With oil down, India should move up a little.

Captain Obvious, India is at the start of a bull cycle. In the forthcoming correction (between now and Feb), try and buy in as much as you can.

by Guest Sat Nov 22, 2014 3:03 am

Merlot Daruwala wrote:
truthbetold wrote:With oil down, India should move up a little.

Captain Obvious, India is at the start of a bull cycle. In the forthcoming correction (between now and Feb), try and buy in as much as you can.

missing har har mahadev desichatter scratch

as per his reckoning india should have gone bust by now. scratch

on another note, i decided, by principle, to stop investing in equities in 2000 after the crash. wondering if i should step in now or stick to my principle.

by truthbetold Sat Nov 22, 2014 6:39 am

Merlot Daruwala wrote:
truthbetold wrote:With oil down, India should move up a little.

Captain Obvious, India is at the start of a bull cycle. In the forthcoming correction (between now and Feb), try and buy in as much as you can.

Mr. Know it all,

What is the vehicle? Name of an ADR or ETF or mutual fund? I like infrastructure but could not find a vehicle. Similarly everybody knows TCS, reliance, and ITC print money. but they do not have ADRs.

Not to be negative, press in US says Indian market went up too fast and is expensive at this time.

Long term, Indian market is the best outside of silicon valley start ups.

by Merlot Daruwala Sat Nov 22, 2014 6:49 am

It did go up sharply between May and July, pushing up many turkeys as well. But since then, the dogs with no fundamentals have fallen 50-60%. At a market level, a fwd PE of 19-20 would mean overheated. That's currently at 15-16.

by truthbetold Sat Nov 22, 2014 6:58 am

Merlot Daruwala wrote:It did go up sharply between May and July, pushing up many turkeys as well. But since then, the dogs with no fundamentals have fallen 50-60%. At a market level, a fwd PE of 19-20 would mean overheated. That's currently at 15-16.

I could not see the correction in dogs with no fundamentals from my occassional senses readings.

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