Bulls caged in Wall Street

We have been accused of being excessively and obdurately pessimistic on market in past one month. We strongly deny the charge. We are of the view that the present bullishness on Wall/Dalal street is like a cart without horse slithering down the hill. The following two charts (via Zero Hedge) aptly demonstrates that bulls are mostly confined to “the street’ and have not yet reached the real economy. We shall wait for the cart to get behind a healthy horse before riding it.




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