captscooby81
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But SuSu thinks we are heading for never ending disaster ..
Looking at the market valuations, the market is hiding some big (good) news in its belly. The insiders know it so they are buying it up in advance of the news being revealed to commoners. Something like the corporate tax cut, but on a bigger scale. What it is, we'll have to wait to see. But seeing that GDP hasn't ticked up but valuations have ticked up, all other conditions remaining the same (i.e inflation, trade war, global slowdown), it means that there is some 'India-specific' good news that is about to be released.
Even in 2014, the market rallied before Modi's victory was declared. Everyone kept wondering while it was happening.
The kind of insane valuations we are at now, it's not for the 3% GDP, it's pricing in an 8-10% kind of GDP growth within 2020 itself. Matlab uss level ka kuch game changer plot twist hai budget me.