Markets: Where to from here?
Whenever, as equity analyst, we meet an individual (forget whether he is/was a friend), the first question we are faced with is what is your view on the market? Will it touch 14,000 this time around? Yes, it is our job to analyze market and let investors know what could happen based on analytical reasons. But is it possible that every time we should have view?
Some times, it so happens that even the best in the industry 'just' do not have a view on the market! We know of many 'experts' who are totally surprised at the way the Indian stock markets have gained in the last three years and even astonished at the kind of bounce back in the last six months. It is better to say 'no view' as compared to saying 'the days of equity broking in India are over' in 2003 (this was by the head of a reputed domestic brokerage house).
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Additional Readings:
- Engineering Stocks - Losing speed Stock prices of engineering companies are expected to wait for fresh growth triggers before they appreciate further.
Real Estate Sector: Land ahoy! 
Real estate developers in India are scaling big time, with plans to develop properties with a greater vigour than that in the past. In fact, the valuations of Indian realty cos are higher than their global peers. - Retail Investor: Move with the times A lot has changed for the retail investor from the ’90s till now.
- Markets: No looking back The Indian market will continue to command a premium due to its inherent strength and growth prospects.
Off-Topic Readings:
Parting Thought:
- My idea of a group decision is to look in the mirror. - Warren Buffett
