Correction of 20-30% in equities and expected the Sensex to retest 11000-12000 levels…
This month was trigger to sensex,Indian Stock market is shooting up high unlike global market & scenario with Strong global cues and the favorable election results. The question everyone has is whats next?
- The Market doesn’t seems to be long lasting 14000 + in this scenario. The question is how long will this rally last?
- I see a correction of 20-30% in equities and that he expected the Sensex to retest 11000-12000 levels.
- The US Federal Reserve will throw more money into the system as the economy deteriorates and so it would not be very favorable to be long on the US dollar.
- On commodities, the prices would continue to go up in the next couple of years, regardless of the global scenario as the supply of commodities could not be increased. “Commodity prices will find support due to excessive quantitative easing by the US and the global commodity prices will rise if economies improve.”
- Although the large money infusion in credit markets has eased nerves, global growth will continue to disappoint for the next 2 years. Fiscal deficit too will remain a problem.
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