India Markets: Rally Caps...But be nimble
Friday, March 13, 2009
There is absolutely no good news from reliable sources...every economic statistic is pointing down...all forward looking indicators are pointing down...
A perfect time for a big Bear Market Rally...complete confusion.
Citi and B of A are saying they are profitable and will not need any help...anybody believe these guys...
I expect the Nifty to continue to rally...2800+ target...this is what I call "Buy the Rumour" and "Sell the fact" Rally.
Rumour:Be Nimble....we will see much lower levels on the Nifty, so be prepared to cut all positions while you enjoy the rally...
We are making a Bottom
Fact:
Q1 results estimates and reality will belie the rumour and destroy the market
1 Post Comments:
Good one as always....
Calls bang on targets....
Keep the good work Lee...
God Bless
Post a Comment