Tuesday, January 22, 2008

Stock market global crash Jan 08

What a crash.... Historical... Never before crash witnessed so far...People call it meltdown, mayhem...

One question which i cant answer from my friends is... How come you guys dont know that the US economy going into recession 3 weeks back... & what changed your view in 3 weeks.... difficult to answer.

The point is markets melted when someone started selling, herd mentality created panic in everyone's minds, people ran to sell stocks... I dont think, people are selling in profits, they are selling what ever they can to avoid payment crises...

We will see better time for indian stocks from 15000 levels of sensex for 2008. If you are an investor, go ahead and buy nifty stocks with 6 month holding view. You are unlikely to lose money.

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