Fairval

Notes on Indian equities, sectors and economy

Cheap enough to buy now..

Posted by fairval on October 27, 2008

The pace and unidirectionality of the fall is hard to fathom now. No one perhaps would have imagined the severity of it all. It is clear that there is hardly any buying, and markets are now looking at ‘worst case scenarios’ of events.

The positives — stocks are quite cheap now. It is maybe not as cheap as in early 2003, but we are almost there. Time to start buying, but only for those with strong nerves.

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