Been traveling and working late the last few days. There seems to be a muted optimism in the markets, almost as if people expect a breakout. I am not very good at this predicting thing, so lets see what has been dished out.
A flurry of positive news
1) We did (will do) 7.1% growth apparently, what grew that much you might want to ask?
2) The Govt. will announce a new stimulus plan on Feb 16th, they have a lot of room to play with the interest rates how far will they go and how soon
3) Implied change in FDI classification, I mean implied because the fine print is what determines the validity of any of these announcements
4) A host of real estate firms have rolled on their debt, falling interest rates hence are making home owners come back
5) The worst is over, Q 3 is possibly one of the worst ever quarter, but you cant really go down on earnings from here
US collapsed yesterday, but India (along withe Asia actually) held pretty strong. Deal flow seems to be pretty good and fund managers seem to be more inclined to listen to stories.
Everybody is a friggin realist now. Bhalue is king.
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