Summary
Rose-tinted Visions
Even though valuations are pointing a sizeable downside risk with a high probability, such a correction is unlikely to be deep enough until (these) sentiment indicators inflect toward a more euphoric stateSee the full content of this document
Extract
Rose-Tinted Vision
As the Americans might say, go figure. The above snatch is from a very recent India Strategy report from the seemingly downbeat-for- ages JM Morgan Stanley's research desk, titled "Almost Everybody Is Bearish". An Indian investor, presumably retail, trying to make sense of the Indian market's future course amidst stomach-churning volatility, can do three things. One, get a hold of report...
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