30 October, 2020

Those Fleeing Hoofprints

The bloodbath on Dalal Street has left many investors in the red. What is the moral of the India story? Updates

Atul Loke
Those Fleeing Hoofprints
outlookindia.com
-0001-11-30T00:00:00+05:53

"India has two weaknesses: a high current account deficit and the highest price earnings ratio in the world."
Adrian Mowat, JP Morgan


"Given how much the markets had risen, there's a lot of profit to be taken. There's no reason to panic."
Andrew Holland, Merrill Lynch

"The correction in the emerging market was not caused by the commodities correction at the LME."
Jim Rogers, Investment Guru


The Monday turned out to be manic. Panicked investors offloaded, stung traders and operators were forced to sell, foreign institutional investors continued with their "exit emerging markets" mood, and sentiments were at an all-time low. So was the Sensex as it plummeted over 1100 points—the biggest...

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