Starting 9-Mar-09 when Vikram Pandit, the CEO of Citi sent out the internal memo stating Citi made money in Jan and Feb, Dow has rallied from 6500 to almost 8000. Same with markets world wide. Indian mkt has bounced back from 8K to 10K.
In fact I have started seeing some mkt reports stating the recovery is just round the corner, sometime mid year, and it would be a strong recovery.
I somehow do not think so. I think, this is a false start. The malice is so deep and so wide spread, its going to be at least a year before recovery kicks in.
So I'm predicting that the stock markets will fall again. I've been wrong on numerous occasions. Lets see if this is one another one.
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