When analysts start
talking of India as a good long-term story for five to 10 years, that itself is
indicative of what lies in store for the market in the short-medium term. May I
ask them if they can predict the political landscape of the country for such a
long period, never mind the economy and the financial markets? The market has
run up a lot purely on sentiment coupled with a fair bit of good luck—but both
elements are seen to be waning fast.
No comments:
Post a Comment