Markets faced a heavy correction today. Seems like volatility is back in the market. Importan to note is that the indexes such as S & P 500 broke its 50 day support today. This is not good news as it may lead to further selling. On the upside, we are going to get a chance to buy our favourite stocks at a discount. Important question is when is a good time to start buying again. On February 9, the markets found a bottom right at the 200 day MA. This time, we may not get that lucky. I strongly feel that the sell off will stop soon. Primary reason being the everybody is expecting it and has not been that keen to buy recently. Remember the rule, Irrational exuberance leads to big busts. Let’s wait and watch. Good luck. Keep following us to check our updates.
