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Book profits on long positions on or before Budget
Investors extrapolate likely future trends from past data. These estimates have an inbuilt error factor and varied timeframes. So, although the market leads the real economy, there is no hard and fast rule about the lead-time. The stock market may lead the real economy by six months, by a year, or a few weeks. In addition, liquidity counts. If there is spare money, it lands in the stock market. February
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