As the markets continue to defy the bears, a proper breakout could be on its way as early as next week. So watch for any pullback as a buying opportunity in these specific sectors recommended by MoneyShow.com senior editor Tom Aspray.
Stocks were choppy again last week, as Euro debt concerns once again pulled the rug out from under the market early Wednesday.
Small and mid-sized firms in China have been hit harder by the weakening economy compared to large corporations. According to Shankar Sharma, India has successfully managed to retain its balance and to stimulate economy growth. Goldman Sachs downgraded its rating on Indian stocks to “underweight”. Following a six-day consecutive declines the BSE benchmark Sensex managed to erase all losses by gaining 179 points.
Kurt Brouwer submits: This is a fascinating time for income investors because there are excellent bond fund managers who are bullish on bonds and think that interest rates are going to fall. There are others that are bearish because they believe rates are rising. Are the bulls right or are the bears correct? Keep reading for my rather surprising conclusion in the battle of the bond bulls and bears.
The global downturn has given added impetus to the privatisation process in India as the Government looks to balance its budget. The upcoming IPO for Coal of India was 15 times oversubscribedreflective of a dynamic which will serve to reinvigorate the Indian economy and ultimately spell good news for JP Morgan Indian Investment Trust ( JPMorgan Indian Investment Trust (LON:JII) ).
Privatisation is just one part of the economic liberalisation process with de-regulation, increased openness to trade and the strengthening of private property rights also being important.
Equitymaster submits: Clear signs of the government being left with few options other than fiscal consolidation led the Indian markets to shed more gains throughout today's session. The benchmark indices had a rather volatile outing today with every attempt to move closer to the dotted line proving futile. While realty and telecom stocks bore the brunt of investor apathy, those from the banking and energy sectors managed to buck the trend.
J.S. Kim submits: With six consecutive intraday triple digit swings from high to low in the DJIA index, here’s the safest bet during these uncertain times. Beginning last Thursday, volatility has returned to US markets with a vengeance. So who’s going to win the battle between the bulls and bears now?