Monday, August 2, 2010

Morning Market View - 02/08/2010


The overall long term and broad picture remains positive. We might see some negativity in the short run as the Q1 results are being a mixed bag so far and fail to provide the necessary trigger to push the markets significantly higher. However, the downside also is restricted as we do not have the necessary retail frenzy and extreme over valuation needed for a significant correction. So use the near term downtrend to add quality large caps.

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