I agree that people want a correction, they want to invest in a correction, and the market is not giving that opportunity. This happens when liquidity, momentum is all there. All of us need to be on one side. The consensus today is that there will be a correction and investors will invest in a correction, but that’s exactly the reason why you are not seeing a correction. Once all of us get convinced of a rally, that will be the time the market will give in.
There are two camps here. One which believes a correction is expected and we will get a chance to invest. As long as they are on the sidelines, the markets will continue to move up. The moment everyone is on one side you will see the markets taking another turn.
About Me
- dharma
- I believe in "Baptism by fire" that will transform me from an average joe to a true blue bee's knees in corporate finance and investment banking
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Hi Dharma,
Nice blog on finance. Wanted to know if you have read Cash The Crash? Read some amazing reviews on it, can you review it too?
yes i have not yet read the book..though i must add here i had purchased the first book of the author on "invest the happionaire way".. One good thing about yogesh chabria is he strives hard to make concepts simple for the layman. In my personal opinion, knowledge of accounting and common sense can go a long way in enriching your investing process. The simple principle to remember whether one is investing or trading is to always have a margin of safety on your money. The first step to making money is not to lose it in the first place:)
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