Bill Cara Calls a Top in the India Closed-End Funds (IFN, IIF)

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Includes: IFN, IIF
by: Bill Cara

"I’m going to forecast that the closed-end Morgan Stanley India Investment Fund (NYSE: IIF) has reached a peak, and will now either decline or sidetrack for many months from this point. I think the enthusiasm has been overdone...", wrote Bill Cara on Aug 12 2005. Although time will tell for certain, so far he appears to have successfully called a top...

Three weeks later:

Nice job, Bill. [Bill Cara's original negative blog entry on the near-term prospects for share prices in India.]