Skip to Content

Tag Archives: SPTFE

DON'T CRY FOR INDIA

Analysts in Bombay as well as New York are moaning over the surprise victory of the Congress Party in last week’s Indian elections. Will India now backtrack on its economic reforms? Will the local stock market go down the tubes.

DON’T CRY FOR INDIA

Analysts in Bombay as well as New York are moaning over the surprise victory of the Congress Party in last week’s Indian elections. Will India now backtrack on its economic reforms? Will the local stock market go down the tubes.

TURNING THE SHIP

The stock market is acting more like a supertanker than a sailboat these days. For a week now, the major indexes have been stuck deep in oversold territory. I’m spotting clues that a turnaround is under way, but it’s taking time.

ARE THE CLOUDS PARTING?

Yes, but slowly. Yesterday’s sharp intraday reversal (to the upside) probably marks a significant low for stocks. But it may take another couple of days for a strong rally to kick in.

RELIEF RALLY IN THE WORKS

After three sessions in a row of heavy selling, the stock market is poised for a nice snapback. The quality of this rally, as it unfolds over the next six to eight weeks, will speak volumes about how long we can expect the post-2002 bull market to continue.