The Dying Bull and Retail Flight

BSKL in Death throes?

Pablo Picasso's painting on "The Dying Bull" is the most apt reflection of the plight of the BSKL.

With the impending 13th GE and the uncertainties in the next 90 days, foreign investors have left in droves. Some that insist on staying have shifted to more durable counters.

The broader market especially second liners have been caving in; losing possibly about  3% weekly.

Retailers have taken flight and have cash in the hcips and day traders are taking a long leave for the Chinese New Year.

I wonder when will this cheap sale stop.

For the next few sessions I will trace how the darlings of the earlier bull run have been decimated slowly by bears that will paw down prices even in minimal quantities of 100 units.

I will start with the conglomerate counters followed by property counters and the the construction sector.

After that, we should look at the more durable counters like hospitality and telecommunications.