Ashburton bullish on India for the long-term

According to Schiessl, a short-term correction would provide an excellent buying opportunity for investors with a longer investment horizon. He said: “We sought an answer to whether all the good news is already priced into a stock market that has risen by 150% since the shock election result in early 2004? From a good short-term perspective, the stock market by its own historical standards is looking expensive. Add to this, a background of rising interest rates and slower growth in corporate profits, although from very high levels, it is not generally a recipe for further short-term gains....