Range of P/E ratios going back 19 years. India has NEVER BEEN HIGHER. Good luck convincing me this time is different. And all the Indians tweeting me about this and that ~ I have read these same theories from 2007 before India got SMOKED in 2008 As on date Indian Markets are almost hitting its All Time High, especially with the Financial Banks (index: BankNifty) which in my opinion will see the highest impact in the upcoming 400–700days. We are amidst one of the most troubled time in the history of last 150yrs of the financial world but still Indian Markets are making its All Time High(ATH) while SPX500 & Nasdaq100 are down more than 25% from its ATH (thanks to the Quantitate easing and the inflows from FII which is a result of QE from the Fed) . Except for India, all the markets on globe are down 15–20% from its ATH be it SPX, HangSeng, FTSE, DAX, MOEX or Nikkei. Moreover this is an inflationary bear market for the financial world and we have only completed Phase 2 of ...
Musings on finance, economics, business and life