Now they are talking!. I hope the markets will respond to this treatment. Let us see.
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Your friends if they do not use leverage, then there is nothing to worry about. And also, if they do not have financials stock in their portfolio, there is no worry. Simply put, if they got an index fund like S&p500, then forget recent batterings, because as JP Morgan said “Anybody who is bearish on U.S has got no future”.
Unlike U.S., here in Europe countries people are not entitled to handle themselves their Retirement Account. if it were so, i would simply buy index fund and peaceful mind.
October 9th, 2008 at 10:47 am
PK it brings back old memories of Mrs.Gandhi nationalizing banks in in India
October 9th, 2008 at 11:02 am
Ganesh
ejatlee!!
adhey dhaaney idhuvum
October 10th, 2008 at 7:33 am
PK,
Dow 9000 vandhachu. May be it may go upto 7500. Indiavum vandhidum andha levelkku. it is still not over.
October 11th, 2008 at 10:50 am
Karthik
Yes all are in the same boat except that India’s banks are better thanks to RBI’s vigil.
Some of my folks in US have basically lost a fortune in the last 10 days…
October 11th, 2008 at 2:59 pm
Hello Prabhu,
Your friends if they do not use leverage, then there is nothing to worry about. And also, if they do not have financials stock in their portfolio, there is no worry. Simply put, if they got an index fund like S&p500, then forget recent batterings, because as JP Morgan said “Anybody who is bearish on U.S has got no future”.
Unlike U.S., here in Europe countries people are not entitled to handle themselves their Retirement Account. if it were so, i would simply buy index fund and peaceful mind.
And also if your friends were followers of Ben Graham, then they would have easily omitted Bank stocks. here’s the link:
http://biz.yahoo.com/ms/081008/256205.html?.v=1
October 13th, 2008 at 2:07 am
karthikeyan
Thanks for the tips. I am sure some of my friends need quite them now!