India decline was probably one of the most under reported stories of 2011. The Bombay exchange lost close to 20 % in 2011. Some of the factors hurting it's economy : High inflation which in turn hurt Job creation, lack of investments from local companies which is not good for GDP. EPI had a negative return (40.4 %) vs 1.9 % for the SPY
Comments
DRP37
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Would you recommend another short here?
Algokid
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Hi DRP37, EPI is approaching support (15.50-15.53)...I wouldn't go short until this level is broken.
Algokid
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Revisiting this chart. It seems things are getting worse for India. Anyway, Short target reached