Thursday, July 30, 2009

Everyone's Bullish

It's amazing how quickly the sentiment changes. Just few months ago, majority did not believe that this rally was for real. Now many are saying that the recession is over. I'm not sure about the recession but market has confirmed my view that the worst is behind us.

The current scenario is similar to late 2007/ early 2008 when everyone thought that the decline were just a pullback, now we are in the other extreme. Going forward we'll see sharp corrections and a new high. If you missed the earlier move don't worry, markets are going to be here tomorrow and there will be many opportunities for the patient person.

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