India's stock market rally looks like a self-sustaining Ponzi scheme
Just like a Ponzi scheme, so long as the money being brought in by new investors is more than what gets withdrawn by others, Indian stock prices will probably continue their upward trend. Talking of stretched equity valuations is pointless in such a scenario.
Just like a Ponzi scheme, so long as the money being brought in by new investors is more than what gets withdrawn by others, Indian stock prices will probably continue their upward trend. Talking of stretched equity valuations is pointless in such a scenario.