A bull market is never a straight run to the top. If every rally awakens the contrarian in you, it may not be the best course right now. Sometimes, the herd is right
Debashis Basu
Over the past fortnight, the market has hardly moved. The Sensex was 25,400 on 6th June and it is at 25,100 on 20th June, a small downward move. Markets are consolidating, as happens after a big move. However, views are floating about that the market is not cheap and stocks have run ahead of reality. One analyst has pointed out that the market-capitalisation to GDP growth is too high. Either the market-cap is too high...
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