The stock market touched 8000 in March and is now hovering around 15000. Does this mean that the worst is over! Is it going to go back to the peaks of 2007-2008?
Working in the financial industry, I see that there is not much of good new around. The world economy is still trying hard to contain the deflationary situation, the housing market is no way near the recovery and most importantly we are still hearing about redundancies, pay cuts and no bonuses!
If there is doom and gloom situation everywhere in the world, why is the Indian stock market on the rise! Is it that "No news is good news" for the Indian economy or is it that all the ideal money is being invested in India where investors see that there is a scope for a short term gain?
note: Sensex data from CapitalIQ
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