You have heard this so many times, but just once more -Tough times do not last, tough people do….
Not sure if it is the right thing to say now! Times are really tough. There are no clear signals. The rupee is weakening – BJP says it is because of the deficit and poor management of the economy. Mani Shankar Iyer says it is because the Rupee has been made floating. He says it should go back to being a regulated currency and the rupee should not be allowed to float.
At such a weak rate of the Rupee the technology companies should be happy, right? That is also not happening – their revenues are not going up maybe because of the slowdown in US and Europe. Your tourism industry should be screaming with delight – that too is not happening.
IIP numbers are nothing to write home about and people are anyway skeptical about government figures. Shares which looked good at 120 about 3 months back are now available at 88. You think, now I should buy…and you see the price at 77. What does one do?
Debt yields look very good till you see the inflation numbers. The returns from debt funds will be good only after RBI stops increasing rates – or starts increasing interest rates!
It is difficult to committ to either debt or equity if you take a short time view of the market. Think about it.
Post Footer automatically generated by Add Post Footer Plugin for wordpress.