World wide market sentiments are on the positive side. But they do not want the market to zoom like it did in later part of 2007. The First Qr. results of most of the European and U.S markets will be out shortly. Going by estimation, tax figures and general upbeat mood as exemplified by the Labour market and Consumer spending figures, every one of the so called analysts and economists are on a consensus opinion that, the U.S economy is recovering, which is good news for the rest of the world market because no one can beat the Americans in their consumer expenditure bills that runs into trillions and whose demands are met by imports from other countries, India and China included.
We too have our own results. Going by reports that Advance Tax collection has improved by 65%, I feel it should reflect in the bottomline of the companies with a robust 4th Qr and Year ending balance sheet.
To keep the market from moving too strongly, they bring in factors like the worries over Greece