Market fall.. it was to be expected
Dec 12, 2006
Stock Market
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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