Fairval

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Bull Market delusion persists

Posted by fairval on May 24, 2007

It is amazing how strongly the bull market delusion persists. The well followed column Compass in Business Standard has this amazing blooper..

The Bharat Forge stock has been an underperformer over the last one year; whereas the Sensex has moved by about 40 per cent, the forgings player’s price has remained more or less flat.

Sensex up 40%? Wake up..

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One Response to “Bull Market delusion persists”

  1. Dheeraj said

    Ajay,You forget the great crash of last year. If you compare the YoY figures of the BSE Sensex (closing levels) for May 22 you will find that the Sensex was indeed up by about 40%.Blame it on the base effect, if you may.

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