The huge jump up in the indices past few week and its a feeling of déjà vu for investors. No one was expecting such a sharp one sided rise, and I am sure we will get many explanation in the days to come.
As usual, we have the prognosis of a recovery around the corner just because the Sensex has jumped. I wish it were so simple to predict the economy.
The investor faces a big problem now, most have stayed away from the markets and now wish they had jumped in at the "bottom". Its a pity that we never learn from our past mistakes.
Investing is a journey and not a destination. There are times to invest and times to sit out. Never let the movement of the markets force your hand.
The technical side of the market is of more use to us short term traders. We enjoy all the volatility and craziness.
So, would I be jumping onto the bull wagon? not really until we have the month of May out of the way. Lets ride the wave while it happens.
Just keep your investing decisions separate from your trading decisions.
This is not the time to enter the markets as an investor.
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