Reasons for the current melt down!!
Yes, the market is down for the past 2 years. What are the reasons for the current meltdown? The following reasons may be attributed to the current situation of the market!
1. The inactive Government
2. The 2G and other Scams
3. Higher Inflation
4. Global economy still in doldrums
5. Unfavorable RBI policies towards curbing the inflation
6. Lower GDP growth rate
7. FIIs afraid to invest in the Indian markets
8. Higher Oil price and commodity prices
9. Investors stay away from the Indian market
Whatever may the reason an investor should be happy about the present market condition as nearly 75% of the tradable securities are down by more than 30% from its 52 week peak price. Interestingly among them nearly 425 stocks are down by more than 70% from its 52 week peak price. Though not all the stocks are worth investing some of them may be a great find.
As an investor we can make use the opportunity thrown by the market and to borrow the quote of Warren Buffet “we should look at market fluctuations as our friend rather than our enemy; we should profit from folly rather than participate in it.” Tomorrow let us check which stocks have lost the most in the current meltdown.
It's an amazing paragraph for all the common man; They will obtain advantage from it I am sure... commodity Tips
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