India & Newsweek Revisited

Well I was a little off on the prediction in terms of time but the India Fund has now lost close to 30% since it put in a high just 8 days ago! It's also now down 11 % since we flagged this all the way back in March. My guess is that a lot of international funds are seeing reversals of all that money that flowed into their coffers since the beginning of the year. As for IFN it's likely due for a bounce soon but this market probably needs to cool off and any short term advances are likely to be met with renewed selling.


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