More and more of the investment world has come to the conclusion that we are in a recession. Even Warren Buffett is now saying it. And as you see a recession in US will certainly have an effect over all economies including that of India and China. Sensex has fallen under 16000 from 21000 it hit in January. Ironically this fall is more that the fall that US markets suffered ! And still many people feel that India Story is intact ! My advise: sell equities and buy gold and crude
US markets aren't falling as fast because they have not gone up in the first place. At the beggining of 2004, DJIA was at 10400. It touched a high of 14200 and is back to 11900. BSE's Sensex was at 5900 at the beginning of 2004. It touched a high of 21200 and is back to 16000. DJIA is 14.5% above Jan 2004 levels. BSE SENSEX is 272% above Jan 2004 levels. DJIA has given up 60% of its rally from 10400 to 14200. BSE SENSEX has given up 34% of its rally from 5900 to 21200.
My broker is like an angel he told me to take out all my money at around 20500 sub levels around 10 jan.I did and the markets rose to 21000.I just kept cursing him but after that its been a one way.Now i am very thankful to my broker to have given the write advice.The stocks which i was invested in are now down 50% like punj lloyd.I sold it at 530 and now its at 310.
so guys what do you all feel about the Indian markets in the coming days??the markets were down whole of the last week,,inflation is also on the wrong side....so whats gonna happen from here on..
Does any one from here watch Indian stock markets??any one??We can continue discussion on this thread..