Where will this carnage stop! Will the sensex touch 14000? It's so depressing I have stopped logging into my D Mat accounts.
Reliance Energy, bought at 600, my good luck charm is plummeting ...Doesn't this Energy starved nation need Power? Today I received an SMS saying : 60 shares of Rural Electrification Corpn Ltd Credited to you dmat a/c. Power and Infrastructure will come up again.
What's going to happen to American Economy? What about our own fundamentals?
...this is much worse than May 2006.
Well, one must wait it out. It seems like a good idea to wait for some kind of stability before bringing out the shopping basket. I did some shopping when the market first fell...now the same stocks are available at lower prices.
Many investors have stopped reading any stocks news or watching Investment channels. According to CNBC TV18 it's a 'no buyers' market. But I know many investors who have no intentions of selling. They are just waiting for this volatility to end.
It cannot go down much more... When I last checked L&T was available at a...what Udayan Mukherji would call, a mouth watering 3000 and ICICI Bank at less than 900. I think it's time to be brave...or will that be rash? When everybody is selling, it's time to buy. We do exactly the opposite.
I remind myself to keep patience. God willing, by Dec 2008, we will have touched 21000-22000 :)