Very good interview

To complete the troika of bad, good and best, here is the final quote from the same website (but a different analyst):

Q: What do you do now for someone who has been left out in this rally for the past couple of months?

A: Conventional wisdom would suggest that as more and more people who have been left out get frustrated, they get sucked into the market and when the last of them gets sucked in that is when this market will break. Having said that, for me it has been a period of frustration, we are now less in cash than we were earlier much against my better judgement. We are clearly not looking at new ideas, at new stocks but adding a little bit to existing stocks in the midcap space which were looking cheap earlier, which are still looking cheap. My fundamental sense still tells me that there are too many dichotomies in this market, in this purely liquidity led. On the one hand you have consumer price inflation running away with itself but nobody believes that interest rates will go up. Commodity prices are heading higher but nobody believes that global economic recovery will suffer. The world has been through its worst economic crisis over the last twelve to fifteen months but everyone believes that the worst is over. The party is now well and truly on. I don’t think we are going to find too many people coming onto your channel and saying the next band is down. Everyone is saying that the next band is up and rightfully so because a lot of levels have been taken out. But this is a dichotomy. China is another huge imponderable here, three or four months ago, everyone was saying that Chinese growth will bailout the global economy but today China seems to be slowing down. But the view of the world has not changed. It is like one should not worry about China, everything will be fine. It is like the question you asked about the monsoon a little while earlier. The monsoon has not recovered but one should not worry, everything is fine, this market will go up. So that is the mood and it is the liquidity that is driving this mood and who are you or I to buck that trend.