Contrarian Investing: Wrong is right
by Muthukumar & Amit B
There are some who look for grey spots even on a bright day. Contrarians will understand because they usually strike a goldmine doing just that.
Investors are having a blast as the stock market is making gains almost every day. The market is steadily recovering from pre-Diwali losses, when it lost a whopping 13% within three weeks from the all-time closing high of 8800 touched on October 4. Talking about 9000 is again back in fashion. But here lies the catch – this rebound is not what you think it to be.
The days of easy gains on the stock market are over. Expect to see a choppy market in the next few months. The listing gains from IPOs, which were a rage a few months back, have whittled down as is evident the number of stocks quoting at less than or marginally above the issue price.
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