No bubble in the market: Rakesh Jhunjhunwala

Strategy to adopt now

Ace investor and trader Rakesh Jhunjhunwala believes that there is no bubble in the market as yet. He believes that we are 16.5 times 2007 earnings and that can’t be a bubble. “Surely markets could correct and can go down. From tomorrow it can go down but not any euphoric bubble or liquidity, which has come temporarily and is going to go away tomorrow. I don’t think so,” he says.

However, he advises investors to exercise caution and carefulness. “At every higher level, buy and beware,” he says.

Getting nostalgic, Jhunjhunwala says, “I remember the day I started my career in the market. The index was 150, then we saw 1000 and now 10000. One day we may reach 1,00,000. It is a very historic day, a very historic event and a great day for every Indian including myself.”

Source: Moneycontrol.com

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s