If you have been able to liquidate your long term investments in spite of the euphoria pervading everywhere, I must compliment you for your courage. If you have built up short positions in past few days, you are in for large profits pretty soon.
Market traders somehow want to believe that Infosys and other tech companies will play some magical trick and come out with strong results. However, they are going to be disappointed, as the crisis for tech sector has just begun and is likely to grow to bigger proportions in next few years to come because of rising rupee and economic depression leading to low fresh IT investments in developed world.
There is another indicator of the economic depression, which may engulf the developed economies in near future. The new housing demand in US is down by 40% in first quarter and the property prices are expected to fall by 8% in near future.
The era of asset deflation has begun, which may soon lead to economic recession / depression. It seems that the market has already topped out.
May shiva bless you and empower you to make right choices.
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