Monday, August 24, 2015

NIFTY: No crash as yet; but end of bull market advanced

Thought for the day
"Don't think. Thinking is the enemy of creativity. It's self-conscious, and anything self-conscious is lousy. You can't try to do things. You simply must do things."
-Ray Bradbury (American, 1920-2012)
Word for the day
Laconic (adj)
Using few words; expressing much in few words; concise
(Source: Dictionary.com)
Malice towards none
Has PM Modi been reasonably successful in isolating Pakistan globally, including middle east?
Greed still dominates fear
In India the broader market continue to outperform the benchmark, with small cap still leading the market rally - Indicating that the 2yr old bull market may be hot and ready for correction but crash is still 3-6months away.
 
 
 
...but global markets "on the verge of major correction"
Precipitous rise in COBE, an important leading indicator of major corrections, suggests that the bull market in US has halted and may witness further correction. So far there is little indication of crash. But this needs to be closely watched over next couple of weeks for any sign of crash.

 
...Mr. Copper says "time for the cows to come home"
Copper, widely accepted as a leading indicator of global demand, has likely entered a prolonged bear market. Global growth will likely worsen materially from here.
 
 

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