{"id":32645,"date":"2012-10-01T07:26:40","date_gmt":"2012-10-01T11:26:40","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/10\/etn-play-bullish-on-india\/"},"modified":"2012-10-01T07:26:40","modified_gmt":"2012-10-01T11:26:40","slug":"etn-play-bullish-on-india","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/10\/01\/etn-play-bullish-on-india\/","title":{"rendered":"ETN Play: Bullish on India"},"content":{"rendered":"

By The Sizemore Letter<\/a><\/p>\n

Over the past month, I\u2019ve maintained a bullish stance and have recommended that readers put their trading capital to work in some of the world\u2019s more speculative markets (see \u201cECB Could Trigger Monster Rally in Spanish Stocks<\/a>\u201d and \u201cAccess Africa<\/a>\u201d).<\/p>\n

Today, I\u2019m going to reiterate my position that, in the age of competitive quantitative easing by the world\u2019s central bankers, it makes sense to err on the side of bullishness.<\/p>\n

The domestic news here in the United States continues to be lukewarm at best, China continues to revise its growth estimates downward, and the European Union is probably in outright recession.\u00a0 But over the next several months, I do not expect any of this news to have much of an effect on global markets.\u00a0 Bernanke, Draghi & Company have awakened the long-sleeping animal spirits in investors, and \u201cBig Money\u201d hedge fund managers and institutional investors are frantically trying to catch up to their benchmarks before the end of the year (according to Barron\u2019s, the average equity-focused hedge fund has had a return barely half that of the passive S&P 500 in 2012).<\/p>\n

This stimulus-fueled rally will eventually end, and when it does I expect it to end poorly.\u00a0 But until we see signs of a real breakdown, it makes sense to maintain a bullish allocation.\u00a0 I expect corrections\u2014when they come\u2014to consist of sideways action and not steep declines.\u00a0 This has been the case for much of the past two weeks.<\/p>\n

This week, I recommend investors take a look at India via the iPath MSCI India Index ETN ($<\/span>INP<\/a>).<\/strong><\/p>\n

India is generating a lot of buzz in recent weeks due to the proposed economic reforms of prime minister Manmohan Singh.\u00a0 These reforms\u2014which are needed for long-term growth\u2014may or may not actually come to pass.\u00a0 But in the short term, just the possibility is enough to restore some much needed confidence in the Indian market.<\/p>\n

The usual caveats apply here; while I am bullish on emerging markets right now, sentiment can turn on a dime if Europe slides back into crisis.\u00a0 Use a stop loss appropriate for your risk tolerance.<\/p>\n

Disclosures: Sizemore Capital has no position in any security mentioned in this article. This article first appeared on TraderPlanet<\/a>.<\/em><\/p>\n

No related posts.<\/p>\n","protected":false},"excerpt":{"rendered":"

By The Sizemore Letter Over the past month, I\u2019ve maintained a bullish stance and have recommended that readers put their trading capital to work in some of the world\u2019s more speculative markets (see \u201cECB Could Trigger Monster Rally in Spanish Stocks\u201d and \u201cAccess Africa\u201d). Today, I\u2019m going to reiterate my position that, in the age … <\/p>\n

Continue reading “ETN Play: Bullish on India”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-32645","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=32645"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32645\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=32645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=32645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=32645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}