Nobody knows Anything

Markets have been falling across the board. Some indices more than others. Auditor resignations, Additional Surveillance Measures, Trade wars, Oil prices, the list goes on… The live tracker of stock recommendations for 2018 by the major research and fund houses is down 12% for the year, with 72% of recommendations in the red. There is a general sense of “Oh crap!” about all that’s happening. It’s like that scene from ‘The Matrix Reloaded’ when Neo (the market) battles hundreds of Agent Smiths and they just keep coming and overwhelm Neo. via GIPHY Times like these, it’s natural to look for

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Why the Nifty is falling and the futility of forecasts

People in the market aren’t happy. This wasn’t how it was supposed to go. Not after a landmark electoral mandate and all the promises it held. The professionals were unanimous. India was poised for takeoff and so were India’s stock markets… Dec 2014: Nifty to hit 9,500 by end-2015 on capital inflows: Goldman Sachs (link) Nov 2014: UBS sees Nifty at 9,600 by 2015-end (link) Sep 2014: See Nifty at 10,700 by Dec 2015: Bank NIfty to lead: JM Financial (link) But looks like noone told the Nifty. Departing from script, after steadily rising to the cusp of 9,000 at the beginning of March 2015, it

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