30 December 2010
12 May 2010
Of all the cliches, the pithiest that comes to mind is- the more things change, the more they remain the same.
I left the market at a Nifty PE of 23 (Index Yield 4.35%) and a 10 year bond yield of 7.35%. I return at a Nifty PE of 21.77 (Index Yield 4.59%) and a 10 year bond yield of 7.98%.