Today the Indian stock market touched the lowest in the last 15 month the Sensex finishing way below 13000. All due to the panic created by Fitch rating which rated India from stable to negative. During the last few months FIIs have withdrawn from the markets with some $ 7 billion and the same FIIs brought this market to its peak of 21000 in January 2008. From 21000 to 12000 is a harsh and cruel drop especially to small investors. But then there is some lesson to be learnt here. People tend to buy only when there is bull market. Today almost the entire stock market scenario throughout the world is in a bear phase. Which means – there is enough stocks around for you to buy. If you have free money – but only free money – then it is time for an individual investor to go for good stocks and keep them at least for 3 years.
No comments:
Post a Comment