In rising (bull) markets, people are hoping for a correction because they didn't get the change to buy.
In falling (bear) markets, peope are hoping for the market to rise because they didn't get the chance to sell.
As I write this article the Nifty Futures is trading at 4669.
Most people are nodding wisely and saying the market will correct. What if it continues to 6000? These people will eventually jump on only to find the market fall after they have jumped on. This cycle will keep repeating itself.
Wednesday, June 10, 2009
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