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Scary Times

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Every single indicator globally is warning us the impending doom – worse than of 2008 – for the last around 6 to 8 months.
Every single indicator is warning us the impending doom – worse than of 2008 – for the Indian Economy also for the last around 6 to 8 months. The irony is that for Indian Economy, every single indicator, including IIP numbers, growth numbers are falling consecutively, dangerously and consistently and on top of this, inflation has again started going up – the latest being 5.4%. These all indicators sure shot reflect the bad times for the markets, but the market is hovering over its near to highest positions for the last 2 months with falling/no recovery in corporate earnings and rising P/E numbers – for Sensex/Nifty it is now 28 to 29 times.

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