India Stock Market: The Thud Is Coming

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India Stock Market: The Thud Is Coming

By Lee Kachroo on March 31, 2009 | More Posts By Lee Kachroo | Author's Website

I have not seen any evidence yet that the economy is bottoming - anywhere - and the theory of decoupling is now firmly placed in the trash bin.

So what are we witnessing?

A technical, selling exhaustion rally, which will be followed by increasing volatility and then the inevitable thud. The rally is past; the volatility is upon us, and the thud is coming.

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