Good Riddance

Good Riddance - Time of your life

"Time grabs you by the wrist, directs you where to go
So make the best of this test, and don't ask why
It's not a question, but a lesson learned in time"

Recent turmoil in the equity market has given us lot of valuable lessons though at a heavy price ;-)

Unpredictability , irrationality , greed are all part of this market.....Time and Price correction were both required..

Its very important to find the right value for everything then only we can identify whether it is cheap of expensive...

Earlier we were buying not because it is cheap ( stock might be horribly expensive) but is still going to rise more.....targets were set and nobody wants to miss out the joy ride.....

now all this seems to be a dizzying rollercoaster.......

Be patient and don't sell it at a loss, for long term investor some more downside should not be a dampner. Recession or slowdown from now on slowly and steadily we can start putting small amount of money in the markets.

Remember 50% downside will bring 100% profits
90% downside will bring 1000% if the stocks are retraced to their original levels...

Many stocks are already beaten down 80-90% and they don't have much to loose......

Finally...

It's something unpredictable, but in the end it's right.
I hope you had the time of your life.