The market is expected to TOP between 5300-6000 before the crash downwards to 3600 levels...but for the top to happen the insitutions need to offload the stocks to retail...so when a flurry of IPO starts & NFO starts....the crash should start...Ultimately the market is a very efficient mechanism of transferring money from retail to the hands of the big Institutions
Have you ever thought who was buying to drive the market up from 2200 to 5100? Ask 100 of your friends, relatives, local brokers etc...all were bearish...its the smart money which always makes money...
Retail will enter now as the social mood is bullish...once again observe the 100 people around you...all are running for the IPOs and NFOs...once again very close to the top...markets are the same today as they were 100 years ago and will be the same way 100 years from now...
Wednesday, October 7, 2009
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1 comment:
Yes, the observation about the Aam Aadmi is good. But I think the response for Ipo from the retail Investor is still tepid.
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