Was I too timid

In early February, I had posted that the year was looking like 2011. While making assertions like this, one is caught in a dilemma. Should one be bold and take the chance of looking distinctly foolish later or should one be timid and tentative, keeping room for rationalisations later. I have been guilty of the later. It is not looking like 2011. It is looking like 2008.

The nature, duration and intensity of the market declines that we have witnessed already are indicative of prolonged bear markets. There is a lot more pain in store! 

Indian Stock Market is Critically Poised

It seems to me that all is not well with the Indian stock markets. I cannot help but be reminded of the set up in November 2010. Then as now, the Nifty had crossed 6000. Then as now, it was followed by across the board liquidation of midcap stocks. The liquidation was sudden and brutal! And it happened when the global markets showed no sign of a sell off. Then and now.

If the scenario were to play out like the last time, I am afraid it doesnot bode well for the Indian markets for 2013. The last time the Nifty crossed 6000, it was a precursor to the market declines of 2011. There appears to be a distinct possibility that what we have witnessed in the last 2 months is a precursor to a 2013 market decline.