Tuesday, May 20, 2014

Jim Rogers: Buy the rumour sell the news

Normally, when markets move as per anticipation, one should sell as an expression in financial markets -- buy on rumors and sell on news. Investors have been buying for the past several weeks in anticipation of a favorable political outcome [in India elections], thus many investors will sell now because that's traditionally been the right thing to do. 

If, I were an Indian, I would probably sell into this kind of excitement because markets have anticipated this event. Now, the markets will consolidate and may go do ..

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