Synopsis
Nobody is worried about the valuations and nobody cares that the current rally is largely driven by the excess liquidity created by Uncle Sam’s unending love for printing money. Excess money printed by the Fed has flowed into emerging markets, and as a preferred destination, India has received a huge chunk of this money.
India has managed to control covid and the vaccination drive is also gaining pace. But another contagion has hit the country. Bullishness started from Dalal Street in Mumbai but has spread to other parts of the country. Medical doctors say the condition is not easily curable, though shock treatment is known to have helped in the past. Victims of the new virus tend to develop such an unshakeable belief in stocks that they become blind to the
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