Dear ,
The market enters FED week on extremes in sentiment. The panic sets it up for very oversold readings
that can reverse right afterwards. The trends in many of the trouble spots like commodities, EMs related to it and their currencies have been falling for more than a year. So these trends are not at the beginning but the end of something. That said there is enough panic around. Waiting for a reversal is what we need to do.
Today's update includes a link to a recent interview
of the RBI governor that I thought was interesting in terms of its insight into his thinking on key issues.
Also my recent NDTV Video link
