I am not bearish, I am actually quite bullish.

Goldman sachs wants our money (yours and mine) but we do not have to give it to them. Note how a series of market experts come on TV and tell us to buy because ‘fundamentals are good’.
Now, it is my money, which I wish to invest when there is good value in the market. A Nifty PE of 20 is NOT value for me. HDFC Bank at a PE of 25 is NOT value for me.Therefore, I am waiting for value to emerge in the markets. My technical analysis suggests that markets are ripe for a decline. If this is my analysis, then, as an investor I should wait for the decline to put in my money at fair value.

Suppose the market does not fall, continues to move up. So what? My money is still with me. I am getting 7.25% on it. I will not be a part of the rally so any gains beyond 7.25% will be foregone. Fine with me. I also know that markets correct regularly, therefore if I am patient I will get a correction to buy.

I am therefore bullish since I am a buyer. The difference is the price which I am willing to pay. If I think a product is overpriced and not worth for me, why should I buy it at that higher price?