"FOR THOSE TEMPTED TO WADE INTO THE INDIAN STOCK MARKET with a view to making a quick killing after its massive slide, consider the advice that Punch magazine once gave a person who was about to marry: Don't.
Although India's benchmark Sensex has fallen about 55% from its peak a year ago, the market is still not attractive as a short-term investment. November's terror attacks in Mumbai aren't even the half of it: The Indian economy, valuation issues and broad political uncertainty all argue for real caution."
My Comments: Agreed. India is still not an attractive short-term investment. But not because of issues inherent to India. Instead, I do not see a sustained revival in global risk appetite in the near future.
1 comment:
I agree with you that credit is better than equities to play. It is just that equities are no longer discounting an overly optimistic scenario.
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