Indian market has done well over the last 3 months with 20%-30% returns as a result market participants are turning cautious, calling it top. Here is a thread covering few facts & opinion on market based on ~2 decade of experience #StockMarket (1/8) While the market has done well in the last 3 months, but nifty is just ~5% higher than the high made in Late 2021. Valuation still remain reasonable for Nifty with one year forward PE of 20x vs Peak historical bull market PE of ~27x (2/8) #valuation #nifty50 #StockMarket

In Financial markets, Exit strategy is least talked about topic but plays very important role in generating Alpha, here is a thread covering the 15 point strategy on the same with 2022 case study. Retweet for wider reach & get rewarded #StockMarket #cryptocurrency #Markets (1/n) Equity markets goes through Greed & Fear cycle and pendulum tends to swing to the extreme with Overvaluation/ exuberance in Bull market peak and Undervaluation/ panic in Bear market #StockMarketindia #DowJones #SmallCaps (2/n)

Markets has gone from one extreme ( Assuming fed won’t pull the trigger) in Jan 2022 to another extreme ( assuming fed would be unstoppable ) within a time span of 5 months . It’s pessimism all around with various articles / views being floating around for bad years ahead (1/n) It is important to remember that market cycles have shortened . 2020 bear market was for 2 month and 2020-22 bull market was for 2 years ( 2/n)

Tech business Valuation is a factor of 1)Subs/ Customers which is factor of Target addressable market size( TAM) , Product & Customer acquisition strategy 2)Life Time value ( LTV) of subscribers which is a factor of churn rate, avg revenue per customer & contributory margins 1/N 3) Customer acquisition Cost ( CAC) incurred to acquire these customers 4) Optionality component of any new businesses using customer base 2/N