Weekly Newsletter - June 13 2008

The bulls are fed up of suffering on account of global and local. After another weak week, the only positive trigger may be that large caps are significantly lower from their peaks. Should one rush in and buy? The answer depends on your time horizon. However, under any circumstance, there is no urgent need to rush in or buy. Depending on the global cues, some spurts could be seen. But the concerns continue to outweigh any positives. Moreover, the foreign moneybags seem to be still taking money away rather than bringing in greenbacks.

Until the greenbacks come in big packages, we’ll have more red over the market place. The coming week may see less damage or could close in the green but confidence is nowhere in sight. Remain light and book profits as quickly as you can, unless you are prepared for a really long haul.