Superstars for too long: Time to exit Indian and US stock markets?

Premium

Illustration: Binay Sinha

The dilemma most investors face right now is what to do with the US and India. These two have been the best performing stock markets in the world over the past 30 years, but they are currently the two most expensive. Should one believe in regression to the mean and move away from these two stock markets in the belief that valuations always revert to the mean? They have outperformed for too long — is it time for other markets to shine? Or should one continue the momentum? The US and India have delivered the best returns in

Disclaimer: These are personal views of the writer. They do not necessarily reflect the views of www.business-standard.com or the Business Standard newspaper.