Thursday, January 24, 2008
Things looking much better
Things are looking much better in both BSE/NSE and TSX. Plan to sell everything and hold deposits instead and wait out the volatility. other option is to buy high dividend Blue Chips and wait out the volatility. Waiting for the next interest rate cut to be announced before taking next steps. Let us see how it unfolds!
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The markets were bound to correct on the back of subprime impact. The impact on the Indian markets were more on account of outflow of FII funds from Indian markets to meet their margin requirements in other markets. The result season is on and the results are pretty encouraging. The key to the market now is to identify sectors and then good value within them. The next boost can be expected on listing of Reliance Power and the payment of refund.........
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