A number of investors and distributors have been calling me up over the last few days asking whether we should sell out all of our holdings of mid caps and get into large caps as only large caps are moving up in the market rally and mid caps are hardly moving and have moved up […]
Read MoreOver the last few months most market commentators have been focused on the fact that there is going to be a new low made in the Indian markets and that the markets have not bottomed out yet. I remember going to the investors conference of a very large foreign brokerage with an Indian partner in […]
Read MoreA number of people have been asking me throughout the year 2008 and even now when i have left JM Financial Mutual Fund as to what made me invest the cash that i had generated right from October 2007 and kept till January 2008.I think the simple and straightforward answer to that is that – […]
Read MoreAlthough i hate to go back into the year 2007 in order to explain market behaviour as it exists today, i think it is inevitable as both scenario’s are full of excesses. In 2007 the excesses were on the upside and today they are on the downside. The last quarter of 2007 was a period […]
Read MoreI had written this article a few weeks back, things have changed somewhat since then but i have updated the same and am publishing my views on the issue. I had decided not to publish given the strong response to the revamped TARP and TALF, however given the fact that TALF has been a big […]
Read MoreI still remember the time around 8-9 months back in May – June 2008 when we were seeing an unbridled rise in commodity prices and the US dollar was continuously falling in value. The expert opinion at that point of time was that the collapse of the US Dollar was imminent and the Dollar might […]
Read MoreAfter struggling to bring a semblance of normality into financial markets and preventing downside to economic growth using various measures which include bank bailouts, guarantees on loans given by banks, deposit guarantees, partial and complete nationalization, fiscal stimulus for economic growth revival etc now some central bankers are treading on a much more dangerous path, […]
Read MoreTypically it has been observed over a period of time that as an asset class becomes very popular it is typically a time to avoid that asset class. There are several examples of the same which have come over the last few years. Subprime and mortgage linked assets and their derivatives became very popular since […]
Read MoreGiven the economic data that is coming out of most economies and also the fact that the indian economy looks like slowing down further before it rebound in the second half of the year the near term outlook for stock markets does not look very sanguine.I expect the markets to see a correction of around […]
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