Sell in May and Go Away… Then Buy Bombay?

“What’s so great about Modi? Yes, he’s promised a cure for India’s #1 economic problem by ushering in an infrastructure boom, but that hardly makes him special. Promising to build infrastructure in India is like promising to ‘create jobs’ in the US: every candidate does it. The question is whether they can accomplish it. Stifled by India’s world-class bureaucracy, Modi’s predecessors have failed miserably.  If he’s successful in breaking through India’s bureaucratic logjam to clear the way for upgrading its decrepit infrastructure, I think Indian stocks could enter an extended bull market. Allocating a few percent of your portfolio to a stock or two on the Bombay exchange is a good idea.”

http://www.caseyresearch.com/cdd/sell-in-may-and-go-away-then-buy-bombay

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