Markets fall 2% today on what seems to be “Global Volatility”. We think it’s because “prices fluctuate”.
They haven’t moved that much recently and look how little we seem to have moved in recent times:
We have had just six big days in the last full year:
The real fear: the US will raise rates, and that will kill the world.
Apparently not, because even foreign investors bought over Rs. 800 cr. today in stocks. They’ve been strong buyers.
Never mind the explanations – the point is, stock prices fluctuate. They’ve just not fluctuated enough recently, judging from the reaction I get when I say that a 10% retracement from the top is normal and should happen every once in a while. No point predicting it; just keeping yourself nimble is enough.
To subscribe to new posts by email, once a day, delivered to your Inbox:
Also, do check out Capital Mind Premium, where we provide high
quality analysis on macro, fixed income and stocks. Also see our
portfolio which has given stellar returns in our year, trade by trade
as we progress. Take a 30-day trial: