Nothing to be Bearish About!

Doug Kass, the Founder and President of Seabreeze Partners Management, a privately-owned hedge fund, says so often that the market has no day-today memory. Just on the day of the Union Budget, markets were bombarded with a gloomy scenario due to the Adani saga and what not, but as we had said, it was time to remain calm and invest wisely as short-term volatility is greatest at the turning points and this is what we have witnessed over the last one week. The NSE benchmark Nifty50 index rallied over 1.5 per cent in the past five trading sessions. That said, the going has not been a decisive one as Nifty was caught trading within the Budget day’s range