Vibhav Kumar of IL&FS Investsmart feels investors are in for a longer bear market than earlier expected. “The force with which the Nifty broke the 3.800 level showed how important a level it was.” Kumar said that global financial crisis is once-in-a-lifetime and that the best of analysts cannot predict its fallout. “It’s difficult to predict the market range given the situation that we are in,” Kumar said.
Source: MoneyControl
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Vibhav Kumar of IL&FS Investsmart feels investors are in for a longer bear market than earlier expected. “The force with which the Nifty broke the 3.800 level showed how important a level it was.” Kumar said that global financial crisis is once-in-a-lifetime and that the best of analysts cannot predict its fallout. “It’s difficult to predict the market range given the situation that we are in,” Kumar said.
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