New Delhi, Oct. 19 -- Dear reader, Wish you a very happy Diwali and a prosperous new year!

Last week, I wrote that you should gear up for higher volatility. A statistical hypothesis that stands validated by the price action. I have been expressing my concerns since late September about the recent run-up in equity markets, which is not adequately supported by statistical data, read here.

Last week, I warned you against buying bullion due to fear of missing out (Fomo) and definitely not in the leveraged segment (futures options, or via margin-funded trading). Read it here. My view of last week remains unchanged-the absolute long term is bullish, but in the near term, the waters are muddied. Retail traders have borrowed up to Rs.509 crore ...