Let us be not fooled by RBI`s poster boy.. at best he can do is to fire fight and if GOI does not collect it`s act soon.. what we have seen in the market so far will become a prelude and the worst will unfold soon.
Yes, looks like the worst is over, now the big investor is just waiting for a clue from fed tapering which is sure but how easy...based on that they want to play on India...but Rajan`s policy has worked & will continue because some of the big investors are happy to join Indian growth at early stages....All the very best for Mr. Raghu Rajan and hope to see many more strategy to irritate that of greedy big fat investors....with the miss the opportunity feeling....
Stocks and bonds have rallied in the past and then sunk more than their previous lows. For some time now, stock market is wooing the investors with some `so called good news` one day and going to new lows and despair next day with a host of bad news, when their money is gobbled up. I STRONGLY BELIEVE THAT NO RIGHT THINKING MAN SHOULD INVEST IN EQUITY, Rajan or no Rajan. The art is to make hay while the sun shines, without blocking one`s cash.
RBI or its governor alone can not change the shape of econmy and a lot of factors togethr with RBI`s policy to to give a right direction to the economy...Infact i had forecasted nearly a fortnight ago that market will bounce back on the News of aapointment of Rajan ...that time it was looking obscured but market has given a good response to this news...but thinking over incoming election and divided mandate of confused electoral class of Indian voters getting overbullish is not good ... Market will start retreating again and year end target of Nifty is in downside only. The high interest pressure, slpwdown in manufacturing , slowdown in infra projects, rampant corruption , fallig GDP growth trajectory are a lot of bad things Indian economy is passing through and that a mere appointment of Rajan will have lilltle impact
while Mr.Raghu .... a symbolic Krishna-avtar , ... has a lot of demons in India`s closet to destroy.....real evil , bent on destroying the nation to fulfill their personal greed. He must use his position as head of the RBI to bring a sea change to India`s economic landscape.
Not yet! Blood bath will still continue, the inflation will rise for sure, Rupee will dip for sure and there is nothing anyone can do about this. Precious Metals will shine and continue to go up. I hope 1 Dollar = 90 Rupees doesn`t happen.