Enzio von Pfeil

Making Sense of the Indian Market: Classic Bear Market Rally or Bottom Firmly in Place? (IFN, IIF)

Asif, I like your humility re. not being able to predict the future with certainty. "The trend is my friend", and my Economic Clock for India is telling me that there is plenty of upside potential. I think that current market convulsions have everything to do with a simple observation: since June 2004, markets were in denial about the extent of Fed Funds hikes. Only recently have they accepted the reality of Feds at around 6% - something we told our clients (heretically?) back in June 2004. Once markets have digested their denial, smart investors will start seeing that the Economic Time has to worsen in America - but that it, inter alia, has to keep improving in India, China, Europe, Japan, Korea and so on....