The markets crashed again yesterday, and the newspapers were again out with headlines like “Bloodbath on Dalal Street” etc. I feel this leads to even more panic. People who are sitting on losses till then, see these headlines and actually sell at a loss, thereby making things worse. TV will carry pictures and tales of investor wealth being shaved off, people losing their life earnings / savings et al, which is sheer hype.

Firstly, this correction was long overdue. Secondly, this kind of fall with the Sensex close to 14000 is just a healthy blip on the radar and no cause for worry. In fact, savvy investors will see an opportunity to enter several scrips whose value has fallen quite a bit over the last 2 sessions.

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