While the world may appear to be crashing down, for stock market traders, the reality is quite different. The Indian Market, if the Nifty opens at 10300, will be down about 8 percent. A decline of eight percent is not earthshaking by any chance. The reason this decline has caused significant pain to traders and investors is due to the compression of time for the fall – Just three days and eight percent gone!
Well, markets are what they are – and they do the unpredictable. The only certainty is that markets are uncertain!
The current decline is a correction in an ongoing bull market. The pain is temporary. This too shall pass!