Market Views

It has been yet another year for markets filled with volatility and unexpected continuous bouts of frustrating falls in global markets.The Nifty opened the year at its high of 6k following heavy selling through the months.Markets have made continuously lower tops and lower bottoms month on month on the charts,breaking every support slowly but steadily.Could 2011 be just the prelude for unveiling another cascading effect like the 2008 crisis or is it the last round of bears hammering a'int any debate.High interest rate regime,weak currency,ballooning fiscal deficits, slower growth,lack of political Governance have increased the country risk manifold times.Dwindling corporate profits, in such an uncertain regime and stagnating wages coupled with high inflation seems to be setting the stage for a stagflated economy. Given the Global macro scenario and the sad state of our domestic internals the country seems to have lost its direction.The hanging fate of the Eurozone,the chinese mysteries,social upheavals across the face of the globe, the dollars appetence for currency wars would further push us in the arms of policy makers for solace.Well I am not worried about markets falling anymore,I am psyched that the markets would just whisper for a long time to come.