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July 2009

Rally(ies) again

Date : 28/07/2009 Author: Venkateshwaran Ramadoss

The current rally, baptized as “better–than–expected” rally; after the better than expected earnings season, is generating a good lot of optimism all around. All the bearish questions on the sustainability of the “green shoots” rally could pull the DJI down only by 7% from the highs of the previous rally and the downturn lasted merely for a month.  All asset and commodity prices are being forecasted upwards and analysts could come out with revisions in the full year earnings forecasts.

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