Happy Thursdays! Guru Ravidas, Maha Shivratri and the sun and sand for the markets
Wednesday, February 15, 2012
Forced by focussed inspiration to stay on the boring subject, the markets have chosen a unique way to grow the index as each rise is followed by a forced chop off adnd 2 day consolidation, leaving a crop of inexperienced clueless on why $ 4 bln of portfolio FDI is enough. Banks have reached their true price potential however, and midcaps have not responded, so the anarchical rise will stay biut not for long
the ONGC FPO has again become a crucial test, and staying away an unwitting option. One wonders what the IPO market is headed for in institutional climes. Asia is a good retirement destination, people here should not try enterprise..seems to be the over bearing conclusion important to drive home, i doubt it is per chance
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