from one of the blogs
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Screen has started to look scary and no one knows where we are headed. Bears are calling for deeper correction and Bulls ...still putting up brave face. Market Observations - SELL IN MAY and GO AWAY....is this what market trying to tell us?
- It has been just 2 trading days in May and Nifty is already down 2.4%. The damage to mid-cap index has also been 2.1%.
- Hey don't blame Reliance. It is down just 0.77% over last 2 days. It is the broader market that has done the damage this time.
- One Bearish view that is gaining opinion - Rise in public deficit and unemployment will be big drag on Corporate earnings and Global economic growth going forward
- Bullish argument - What is new in this? This market has not cared about these negatives till date, so why should it start to care now?
- No matter what bulls or bears think - the benefit of doubt should still go to BULLs. Why? Because bears usually have run out of steam after 2-3 days of selling.
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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
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