Mr Basu, also Editor & Publisher of Moneylife, said, “Investors tend to forget that 15 to 20% correction in stock prices can happen at any time whether or not we are in a bull market. It does not necessarily presage a market crash that is part of a major bear market. In fact, over the past 20 years, there have been only two major bear markets - one in 2000-01 and another in 2008.”
“Such severe bear markets have certain characteristics, such as, extremely high valuations, a flurry of fund raising activity, sharp increase in of little-known small stocks, new themes and overwhelming retail participation. These characteristics are missing in the current decline,” he added.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Anyone who is ignoring these global cues will have serious problem with his portfolio.
My feeling is that one should (especially retirees) should lighten their Equity exposure to those level where they can sleep peacefully and tolerate downside which seems inevitable. Better to be safe than sorry.
Ms. Yellen has created a panic in the market saying Global growth is a problem. What more hints we require?
Thank you for sharing your time &Experiences with us .