Jeetay Investments Pvt Ltd

January – March 2009

January – March 2009

April 22, 2009

The unprecedented fiscal and monetary stimulus may temporarily halt the economic contraction. In economics, as in life, there are no free lunches. The costs of this profligacy will be starkly manifested in the not-too-distant future.

We continue to maintain our cautious stance, but believe that market weakness should give us attractive buying opportunities as equities are still not expensive.