The indian bull market peaked to 6300 (Nifty) and sensex 21000 .Everyone was cheering and shouted buy ,buy and buy only without understanding the fact that the tree can not grow and touch the sky and many lost money due to greed.That was the time they realised that they should have been more careful in stock markets.It is a strange place where we get money purely on speculation without understanding the basics of companies that we bet on.
Now there seems to be a bear phase in the market.Well , how long will it continue.Surely,the sun has to come out in the morning (if the monsoon is not bad).
Time has gone that our markets has no relatives with the world markets.If there is stability outside ours will also stand to gain.
The present situation worldwide seem to be in a stress. More Job cuts ,food shortage, oil price rise, US elections everything counts.
But above all,Indian politics is in trouble.No decision makers in the government.Left compulsions,alliance problems, Populist schemes like loan waiver.The inflation put the Gov. in dark.They dont know what to do.What do they work for .. the next elections are round the corner.Even rs70000 cr loan waiver doesnt help the congress to grab power in the state elections. This may well be reflected in 2009 national election.
So... after all these problems are settled the markets will come back to the bull mood.
That is , we have to wait till the next general election.
But before that our nifty will toch 3950 and sensex 14000 levels that is where the rise started
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