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Earl Adamy and RT's
Has anybody taken a look at Indian stock markets as part of their Asian
investment plans ? We have a throbbing stock market which is now
steadily growing in size. Over the recent years the pace of change has
accelerated and the systems are getting in place. Side by side the
economy is showing a distinct sign of turning around. This has already
been reflected in a strong surge in the index by about 80% from the low
of 1998 end.
I have been tracking the markets in India for more than a decade now.
What I see in the markets reminds me of what Ralph Acampora wrote in his
article Dow 7000. We seem to be having an almost similar set up here. I
am extremely bullish about the prospects and look for the Bombay Stock
Exchange index (Sensex) to move to around 9000 levels from the current
4700 levels in about 15-24 months. This kind of expectation, I imagine,
should be attractive for any fund manager interested in the Asian
region.
Dr.Narayan
Bombay, India.
Earl Adamy wrote:
> As many of you will remember last fall, we moved from US equities to
> Asian
> funds and have had a very nice ride since. I suspect that the Asian
> markets
> have had the best part of their ride, at least for the time being.
> Although
> the Yen could strengthen a bit more, it is hovering at major price
> objectives. Ditto for the Nikkei. Further, Japan's big Asian neighbor
> is not
> making nice. Having ridden the Asia markets since last September, I
> have
> concluded that paying taxes is a better risk than holding and we have
> liquidated all Asia fund holdings as of the close of markets on
> 02Sept. We
> may re-enter at a later date, but for now cash looks good. Your
> mileage may
> vary.
>
> Earl
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