Ants and ignoring bad news4 min read . Updated: 11 Jan 2011, 08:59 PM IST
Ants and ignoring bad news
The news gets worse every day. Food inflation is in double digits and the base effect argument is now wearing thin. The forecast for prices does not look good, never mind what the periodic calming statements by those in the government say. Interest rates are rising and another rate hike is imminent. One corruption issue after another erodes the credibility of the Central government and the regional satraps already smell blood. The markets are finally shedding some of the extra points the index had gathered in the momentum of the “we’ve-kicked-the-global-slowdown" euphoria. You’re worried about your money invested in the market and wondering if you should wait before you enter the market: should I wait for it to settle a bit?
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