EFTA Document EFTA01452420

From: Vinit Sahni Sent: 2/3/2014 5:24:40 PM To: Nay Gupta CC: Tazia Smith ; Paul Morris Subject: Re: percentages get a read from your team [CI It's very clear with today's price action that the street appetite for risk is very limited and very little liquidation has happened. We see some bottom fishing but the size is very small as value investors not convinced. There is a true disconnect between the inflation and growth and that is reflected in pricing power. The market needs to r