Buy-Always…Hold-Sometimes…Sell..Seldom!

Since Antwerp Stock exchange Equity markets were always [and still are] flooded more with buy recommendations than sell recommendations it becomes a curious topic to understand the rationale. This is even more true for GCC where more than 90% of the recommendations fall either in buy category or hold category with only few sell recommendations. Obviously with markets not doing that great, most of these buy recommendations should bite the dust.

GCC Financial Markets: The World's New Money Centers

Spurred by high oil revenues, credit growth and economic diversification, real GDP growth rates in the GCC countries have been high in international comparison. They have been comparable to those of other emerging and developing markets and considerably higher than those of the world or the advanced economies on average.

The Mega Rupee Slide

The Indian Rupee (INR) is one of the worst performing currencies in the world during 2013 (Table-1). At Rs.65.5/USD it slid by a whopping 19.8% in 2013 (so far) after sliding down by 4% during 2012. The month of August was especially devastating. Since 2000, the current rupee level is the highest ever seen (look at the graph). From a low of Rs.39/dollar in Feb 2008, the Rupee is close to Rs.65.5/dollar. Repeated efforts by RBI to stem the rot went in vain so far.