New Delhi, Feb. 17 -- Last week, I wrote that the markets were seeking direction and were visibly nervous due to US president Donald Trump's flip-flop policy announcements. The statistical weight of evidence was unconvincing for bulls, as the traded volumes have fallen quite sharply. Traders tend to freeze when prices fall and hold their existing trading positions rather than add fresh ones. That is logical, considering that resources are limited.
The big fall of 5.57% in market capitalisation has spooked the average retail investor. His portfolio is haemorrhaging profusely. Last week, I wrote that the cost of funds will stay elevated as there is a liquidity crunch in the markets. Easy and abundant money is like mother's milk to a bull mar...