Things are looking challenging both globally and locally, but it is risky to be bearish on the market at these levels. While the index is down about 25% from its peak (in 2008) there are many frontline stocks which are quoting at five-year lows. There is so much pessimism about the (domestic) policy and macro environment that the slightest of positive development could spark a big rally-
says Lakshmikanth Reddy, Executive VP and Head-Equity, ICICI Prudential Life Insurance
“There is just no money to be made in the market.Its like squeezing blood from a stone.”- broker Ramesh Damani said in an interview
“Only one Wall Street CEO’s balls can be in a vise at a time” and right now it’s Jamie Dimon’s turn.-old Wall Street Saying
“Indonesia looks like it has hit the sweet spot, whereas India is nursing a headache from its latest boom,” says Frederic Neumann, Co-Head of Asian Economic Research at HSBC in an article titles “Will Indonesia replace India in the BRICs?”
“In many instances, value investing proves fundamentally uncomfortable, as the most attractive opportunities frequently lurk in unattractive or even frightening places.”-David Swensen in his book Pioneering Portfolio Management