Market Turmoil

To say that the Indian stock markets are in a state of turmoil would be to state the obvious. Experts opine sensex figures from 18000 by the year end to less than 10000. My guess is inbetween; around 13000 to 15000 would be more like it. At some point of time over the next couple of months, reasonable of valuations across sectors would be more visible and generate greater investor interest. Already, good stocks are available below BV and at PE's below 10 or 9. When Price/BV is less than 0.6 and PE less that 9, its a sure bet that the stock is waiting to be discovered. (Of course, assuming that the company is basically sound and the management is not interested in ripping you off!).So... hold cash and start investing gradually. You'll be rich in two-three years time.