A further downside ? Is that good or bad ?

Manishi Raychaudhuri, ED of UBS Securities is of the opinion that the markets are trading around 15.5-16 times one-year forward earnings. "The markets has not fallen below 15 times earnings in past corrections. However, we see another 10% correction. The Sensex can go down to 14,000."
Boy,what a gloomy picture !But then, on the other hand,what better time to buy for the long-term ? As Warren Buffet said,"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful."
When the stock price starts to decline, the amateur investors start selling their investments at very low prices, which gives all the seasoned investors a chance to buy back their investments that they originally sold to the amateur investors when the market was at a peak, now at very low prices. This is one of the many reasons why the rich get richer and the poor get poorer.

More Downside in the Market?

Ajay Bagga, CEO of Lotus Asset Management,is of the view that markets are likely to trade volatile in the short-term with more risks on the downside. “As global cues improve, you could see pretty good returns coming back in the Indian markets.”

He feels investors should wait and watch, see how the growth trend in global economies plays out and if there is a sharper reduction in growth before investing.

Don’t buy now, book profits: Amit Nalin Secs

Source : IMW/CNBC-TV18
According to Amit Dalal of Amit Nalin Securities, this is not the time to buy stocks but to book profits.He feels that "May will not be a strong month, it will remain a weak month. He is asking advisors to continue selling in May and go away.