
Well, what do we have here... another rally... so perhaps I was wrong! Almost touching 16,000 - time to look for a parachute?
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Looking at the movements in the BSE, I get curious whether these 200+ point swings recently are nothing but a glitch or some group trying to manipulate the market. Hmm... only time will tell. (Anyone understand technicals or behind-the-scenes better, please shoot a comment)
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The BSE-Sensex was trading with gains of around 380+ points (2.6%). Other Asian markets were also trading with significant gains. Benchmark indices of Hong Kong (up 2.9%) and China (up 1%) were among the leading gainers. Stocks in Europe have opened mixed. Are we at the edge?
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First you have 200+ pts and then you have -200 pts! Like I said, Indian markets are overvalued - http://jpm.cc/dont-believe-me-when-i-say-indian-bse-sensex
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And we do another 100 pt drop (almost 200 pt) Are we getting closer to a P/E of 12??
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Just a few days back... I was saying that the BSE was overpriced. See http://jpm.cc/overpriced-bse-sensex
Guess we're just getting used to the volatility!
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