Did I miss the bus?

 

The Indian Stock Market has taken off like a ROCKET.

I was, like thousands of other Indians waiting for the “right” time to invest.

First hurdle was the Elections – that  came  and went  by.  Catching a lot of people by surprise, it brought a lot of cheer- and the markets took off. I waited for the markets to come down again waiting for the inevitable “Correction” and for the jubilation to die down… and boy! was I wrong…

The Indian juggernaut is at it again- and looks like there is NO looking back! In a world where there is very little optimism, the Indian market is oozing with it.

Here is an article in The Economic Times that says it all “At 5.8%, growth hits the fast track”

• Markets welcomed the news that signalled a pause in the country’s economic slowdown with Sensex gaining more than 300 points on Friday.
• The rupee too strengthened to Rs 47.23 versus US dollar on the news.

India’s good show and expectations contrast with the world economy, which is expected to contract by 2.6% in 2009, according the United Nation’s mid-year update to its World Economic Situation and Prospects 2009 report released on Wednesday. This indicates a deeper global financial crisis than earlier feared as the original report issued in January saw a drop of 0.5% in a worst-case scenario.

Brings me back to my original question….. Should I wait for the correction Or Have I really missed the bus?

Let me mull it through!