Are These Deep Corrections a Buying Signal? - Chart Of The Day 5 October 2018 - Equitymaster
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Are These Deep Corrections a Buying Signal?
Oct 5, 2018


Talking about the wisdom of crowds. right now, the so-called wisdom is suggesting a massive sell off. Many good companies are correcting quite a bit.

While there is a legitimate fear about the bleak macro environment along with the liquidity in the NBFC space, I believe this fear is being extended too far... to some very strong business.

The chart below shows the current mood of the market. Headline indices have corrected significantly from their peaks in 2018.

These corrections are a clear sign of fear across sectors and individual stocks.

While considering stocks for Smart Money Secrets, I believe these deep corrections are a buying signal for select quality companies.

And for strong business you've already bought, this can be a good time to add more.

Data Source: BSE India (as of 3rd October)

This Chart Of The Day was published in The 5 Minute WrapUp - Don't Panic in This Falling Market... Do This Instead

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