India in a Long-Term Bull Market, Says Gini Gems Consultants' Irani

The video discusses the current state of the market, highlighting a period of consolidation due to various economic concerns such as rising bond yields, oil prices, and a widening trade deficit. It emphasizes the characteristics of a bull market, noting that despite current uncertainties, the market is in a long-term expansion phase. The speaker advises on investment strategies during market corrections, suggesting holding 12-20% of the portfolio in cash to capitalize on future opportunities. The importance of corporate earnings and economic expansion in driving market growth is also highlighted.

What does the speaker suggest about cash holdings in the current market?

What is the speaker's perspective on the long-term economic phase?