Tuesday, 18 November 2008

Don't rush, wait till May '09 before buying: DSP BlackRock

Anup Maheshwari of DSP BlackRock said there is a lot of bad news in the system already. "The market needs to trade in a range for sometime. The next 12-15 months will test investor patience. Value destruction is likely to be lesser going forward." He believes excessive fear can drag markets down further.

According to him, investors should watch earnings growth closely before buying. "Markets are pricing in an economic slowdown. They are in a value zone, but there is no need to rush." He advises a wait and watch policy for the next six-months.

Source: Moneycontrol

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