Ideas & Debate

Market terms are right for long-term investors

Market conditions are pointing to a good run at the NSE, which should wipe out fear among investors. FILE PHOTO | NMG
Market conditions are pointing to a good run at the NSE, which should wipe out fear among investors. FILE PHOTO | NMG 

Once upon a time in 1993, an RnB group by the name of Mint Condition released a now classic jam, “U Send Me Swinging”.

Growing up in my generation, we jammed to this song. Fast forward to 2017, the song still rocks but another group of people are dancing to a different swing—investors.

Since January, markets have been on a tear. Up 21.9 per cent year-to-date, equities are ripping higher faster than one can say “Shakalaka”. But there is a problem.

Every push higher seems to be raising more questions than answers. Are these inflated expectations? Are stocks finally in “strong” hands?