We had warned in our columns that this is a recessionary phase. To prove that, the Sensex and the Nifty crashed.
With fuel and food prices going up, there is the threat of global recession. Some experts who endorse the Decoupling Theory - that India and China are insulated - are changing their opinions. Global trade is more integrated and India and China cannot be insulated.
So hold on. Astrologically Jupiter should move over from Sag, for the market to revive !