AMITBE said:
To one's amusement, the term doing the rounds is 'induced correction', as in induced lobour.
There has been a lot of sword rattling from the PMO down to SEBI, with manipulation being thrown around as a possible cause for the current rally.
Now, this rally is over two years old, so what do we have to say for that? Are all the traders and investors a flock of blind owls?
Is the suspicion only limited to the runaway penny and small counters, or do the front line counters too reek of foul play?
These are some of the issues that the authorities need to articulate with clarity, in order to not throw panic into the hearts of the investing, trading community.
But the govt. has it's own political imperatives perhaps, with the Left parties screaming foul play.
There has been a lot of sword rattling from the PMO down to SEBI, with manipulation being thrown around as a possible cause for the current rally.
Now, this rally is over two years old, so what do we have to say for that? Are all the traders and investors a flock of blind owls?
Is the suspicion only limited to the runaway penny and small counters, or do the front line counters too reek of foul play?
These are some of the issues that the authorities need to articulate with clarity, in order to not throw panic into the hearts of the investing, trading community.
But the govt. has it's own political imperatives perhaps, with the Left parties screaming foul play.
The FIIs are very bullish still but have been scared away on the news of raids on brokerage companies etc. The reports on the PMO calling a meeting, and the scolding voices emnating from SEBI have all done the trick for the market.
And now I can bet my bottom buck, that they will all be screaming denails, and saying the fundaments of the India Inc. are great and the mood is upbeat, that there is no suspicion of foul play, that they were merely cautioning the public, and what have you.
What a bloody way of doing this induced correction thing.
Shameful to say the least.