Finally the sensex had a glimpse of the 10000 mark, this is a purely academic figure but still worth a celebration.
Just a few years back it looked impossible for the sensex to climb to the 5000 mark. Most front runner Indian stocks
were looked down and counted out. The erstwhile TELCO now Tata Motors was one such stock. What a rewriting of the story it has been!
The auto sector has seen a revival of an unprecedented kind , so have a lot of other sectors.
All this re-rating has also put investors in a catch 22 position. It is more difficult to value companies when
markets are in such a frenzy, there is a higher risk of getting carried away and paying too much.
It is much easier for traders, we live for the short term and shorting the markets, if and when the mood changes and the valuations
get sky high, is not difficult.
The bull run also gives us a lot of upside trading opportunities. So time to take our share from the market.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment