Hello there. The market fell again today, perhaps following the global cues..Gosh, it has become a trend. Levels matter little now. If FII's sell further the leftover 70 billion USD worth of shares, then we can see more pain in the coming times. I am quite unhappy with myself because of some of my decisions in the last few days. My gut feeling was that the market has reached its bottom and there is only room for improvement here on. I believed so because Indian market is relatively more insulated to global economies BUT one should consider that this kind of global crisis has been seen after a long long time..probably after 1939. Only time could tell us now when the market is going to stabilize.
This is so troublesome for the investors. More so for the day traders. I don't know how are they managing in this kind of market. There is one relief to the common man viz. the inflation rate which is dipping by the day..guess this is relief for the government as well:) Elections are around the corner and they needed to bring down the inflation pretty badly otherwise the anger of common man would bury Congress..though I still believe the bad times are not over for them..
Peace
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