Following the crowd in the stock market can lead to disaster if you're not careful. Panic buying or selling can push stock prices beyond reason.
If you have at least three to five years before you will need to begin cashing in your holdings (at or near retirement), you may be able to ride out an extended economic downturn. However, if you do your homework, you'll find bargains in down markets that may reward you handsomely in the future.
Moreover, we would like to inform our readers that while major indices Sensex and Nifty have seen healthy correction since beginning of the year, Small Cap and Mid Cap Index have not fallen much and consolidated at same levels. Its the first time that broader indices have fallen significantly in a single Day. Today, Small Cap Index was down by almost 5% and later recovered during the 2nd half and closed at 11,275, down by 1.76%.
News are floating on leading business TV channels and newspapers that stock market may repeat history of 2008 going through severe downfall in major indices. However, we do not agree with such views simply because valuations are not at all expensive like that of 2008 (based on PE multiple) and markets are not at peak like that of Jan 2008. Moreover, we expect overall economy to do well in 2nd half of next financial year with better corporate earnings. We continue to suggest our members to avoid timing the markets and look for bargains during ongoing market correction,
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The stocks we reveal through Hidden Gems & Value Picks are companies that either under-researched or not covered by other stock brokers and research firms. We keep on updating our members on our past recommendation suggesting them whether to hold / buy or sell stocks on the basis of company's performance and future outlook.
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Wish you happy & safe Investing.