Looks like everyone is waiting for a correction but not getting one. Does this mean people waiting on the wings trying to enter the markets will have to do this at a high price?
Markets clearly are overpriced currently. Not much has changed since "recession" hit us. Companies have laid off people, stopped hike, cut on "perks" and "wasteful" spending. Also they had poor previous quarters because of which when u compare those quarters with the recent quarter - earnings are bound to look positive.
Look at the situation airlines are in today. One of the most "elite" industries looks to be on the brink of collapse. Jet and Air India clearly are struggling. Not to forget the recent threat of strike by all Airlines wanting the govt to cut on certain taxes, fuel prices etc.
The markets should correct now rather than create a bigger bubble and burst and take more people with it.
Markets clearly are overpriced currently. Not much has changed since "recession" hit us. Companies have laid off people, stopped hike, cut on "perks" and "wasteful" spending. Also they had poor previous quarters because of which when u compare those quarters with the recent quarter - earnings are bound to look positive.
Look at the situation airlines are in today. One of the most "elite" industries looks to be on the brink of collapse. Jet and Air India clearly are struggling. Not to forget the recent threat of strike by all Airlines wanting the govt to cut on certain taxes, fuel prices etc.
The markets should correct now rather than create a bigger bubble and burst and take more people with it.
