As the debate on the demonetization becomes heated by the day, investors need to ask a simple question, what does it do for the long term valuations of the company.The purpose of this move is to reduce black money in the system. Some of the major advantages are as follows:
Then why are the markets correcting?
The latest news flows from the US elections may force the markets to put aside their anxiety . As Clinton gets a clearance from FBI the market should be able to reverse some of the losses .
As we have pointed out TOI : Trump , Oil and Interest rates are the three key triggers for this market . The Trump fear of doomsday has lead to this oversold market in the last few days . But just for the argument sake whatever happens in the US elections will not end the world .
The next important trigger once the elections are over and done with , will be US Interest rates increase in December .
This is an ideal market for traders to go long and enjoy the ride for the next few days !