This is not 2008 !
A lot of savvy investors are looking for 2008 kind of bloodbath so that they can invest in companies of their choice to get superior returns from their portfolios.
But looking back ..one must take a note that 2008 was a peak of euphoria in all asset classes be it risky or safe. Most of them were quoting at astronomical levels with huge euphoria...a small bit of good news was igniting stocks but all the bad news and warnings were being thrown out of the window.
Now..it seems that no one is interested in equities ., although markets are not dirt cheap but they are at reasonable levels of valuations.
Due to high commodity prices, interest rates, US and Europe debt problems equities are now being thrown to buyers at any prices, short selling is going on relentlessly. No body seems to hear any good news but discounting all bad news...just opposite what they they did during 2007-08 euphoria..!
....continued
11/aug/2011
