Historic day in Indian Stock Markets

Indeed it was a historic day in Indian Stock Markets. Within opening of few minutes, the BSE Sensex and Nifty hit the upper circuit of 15%, trading being halted for 2 hrs. Later another 5%, halted the trade for the rest of the day. Everyone is bullish, once again.

There are a lot of predictions out there on what the markets will do tomorrow, and the day after... but what should really matter to you and ask yourselves that , is this possibly the start of a long-term rally in stock prices ?

But think again and hold back your enthusiasm just yet.. there is every chance that egged on, once again, by over-enthusiastic TV anchors and unscrupulous brokers, you will go out and invest in stocks which over the long-term will disappoint.

You don’t want to do that.

This is the time to lay the foundations for a wealthy future. Not the time to speculate in momentum stocks. So be very careful, as you always should be, in what you invest in.

Posted in  on May 18, 2009 by  |