My replies are never aimed at anybody in particular and when i was pointing “PUNTERS” it was all the people who use the market to make sporadic gains. In July 2007 the P/E of the market was hovering around 18-19 times and also the global scenario had started showing signs of cracking. Being a prudent investor i should have started lowering my equity exposure and when in March 2008 i would have automatically been saved. In march 2009 the P/E was 11-12 times and it made sense to still buy Equity but we should also not forget that global disorder was still looming large.
Every point in time we have two things to take care of; namely Technical and Macro/Micro economic factors. Looking at these i think people who were under invested should have started regular investing in march 2009 and people who were over invested should have reduced exposure to equities.

I prefer making my 12 to 15 % over long term without loosing sleep rather than punting where i might rejoice one month and second month I am crying. Not to mention risks to my capital.

With sensex crashing earlier this year almost every one lost money in equity. There is no easy way to predict market bottom and as a prudent inverstor I expect my advisor to suggest me when to rein in my capital.

Your analysis was well timed however your investor just got lucky because Congress came to power with majority, had there been a split verdict market would have been further 14% down. In india basics work on long run for everything else that happens in market it is luck.
Either u can invest or play lucky. Long term prudent investor wins and this is not a saying just check any successful investors.

Your comment fo fundamentals following the equity markets are absolutely relevent. There is a saying in the market that the equity markets always bottom out 6 to 7 months before the economy does and it is true in every part of the world. Even through the technicals such as 20 week average or a 200 day DMA or a 50 day DMA was suggesting the markets bottoming out, there was no clear signals from the charts that the markets were poised for a 60% rally in 3 months and especially for a client who is wanting to stay invested for 6-12 months. I know the biggest of the analysts in the country and no one would have stuck their neck out in the month of March to say confidently the markets will move up from the level of March,09 in 6-12 months leave aside the percentage upmove. Even then I respect your thoughts and wish you all the best for future.