More Context 15:41 Oct 29, 2002
Coming Bounce-Back Should Resemble Nifty Fifty
Over the next month, the case for a severe synchronized global recession and a secular bear market may become the consensus for investment sophisticates.
The deepening gloom will lead to more weakness in equities, more strength in bonds, and perhaps a selling climax and some capitulation.
TMT sectors should have the biggest bounces. Many large-cap TMT names could double and still be far below their highs of last year.
This action should be similar to that of the Nifty Fifty off the 1974 bottom. |