Today, we are yet to hear morning birds chirping positive tunes. How we wish the festival of lights would bring some brightness to the economy and the market! Instead, cracks and crackers continue as we search for stability. October has lived up to its reputation of being one of the scariest months for stock markets. Every time the indices cracked one would have thought the bottom is here. Last week proved yet again that catching a falling knife is always fraught with a lot of danger.
As we set out for another weekly sojourn (which will be pretty short one due to Diwali holidays), many would still be inclined to think that it cannot get worse from here. After Friday's crash, it’s but natural that some kind of a rebound may happen. But, given the weakness across Asia, the bulls may well be disappointed. As much as we hate to say this, the bottom does not seem to be near. Stay light and gear up for the big fight.
