These Stocks will Amaze you – See this screenshot ( Should you buy )?
It’s funny when news anchors explain how the stock market is slipping down as if its the end of the world.
Comparing the Indian stock market with the US market is not a fair comparison when down jones goes up by 4%, Nifty Sensex copies only 1% of it.
While Dow Jones slips 1% someday, Nifty Sensex goes by 4%.
Believe it or not, it may seem unfair thing today, but this shows how emotions Indian investors are.
With over 1.3 billion population in India, merely 42 Cases as of today March 9, 2020, of covid – 19 coronaviruses, and the Market is down already by 10%.
Does it ring a Bell?
Yes! It definitely should.
Here are some statistics from the worldometers.
Coronavirus Cases: 111,540
Amazingly, This is some other interesting Data
11,082,416 Deaths this year
125,756 Deaths today
2,446,008 Communicable disease deaths this year
1,432,187 Deaths of children under 5 this year
8,007,512 Abortions this year
58,238 Deaths of mothers during birth this year
41,621,771 HIV/AIDS infected people
1,547,475 Deaths caused by cancer this year
184,817 Deaths caused by malaria this year
941,915 Deaths caused by smoking this year
471,255 Deaths caused by alcohol this year
It’s not the coronavirus, to which market is reacting.
It’s just the fear, which has been evenly spread amongst the small to medium investors to cut their position at the cost.
There was no single good news in the last 4-5 months, to which the market has reacted positively. Believe it or not, someone is making heck a lot of money by spreading the fears.
Should you cut your positions?
It wouldn’t be totally appropriate to suggest what to do with your portfolio, not forgetting the fact that ISM students are smart enough and trained on how to react to theses conditions in the market.
HOWEVER, In our opinion, its time to create new positions undoubtedly.
As for the screenshot, here is a very clear price comparison. when Nifty last was levels of 10,532 and the stock prices and, today when the nifty has fallen to 10,451.
|Stocks||NIFTY 10532||NIFTY 10,451|
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Stockmarket, share market, trading, investment