Are stock markets primed for further correction, especially a deep correction for mid-cap stocks, next week?
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Edited Highlights
2:27 This week witnessed consecutive days of decline of stock markets, caused by SEBI decision on shell companies and US & N. Korea tensions
2:50 As a result of decline in global stock markets, certain currencies like the Yen and assets like gold have done well
3:11 As I had mentioned in the past about the possibility of global stock market correction in mid-August, the correction is now happening
3:28 While the North Korea stand-off may get sorted out with talks, geo-political tensions will lead to corrections in the global stock markets
3:36 Investors need to be cautious. Next week, the downtrend will continue
3:42 I expect to further increase in intensity with a further fall in Sensex and Nifty and other headline global indices
3:57 I expect 10-12% correction in most global headline stock indices
4:26 N. Korea is an excuse. In any event, stock market priced for correction and were just a headline away from a global correction
5:15 Shell company move is great for the long term health of the market
5:58 Mid cap stock valuations have far exceeded their fundamental values
6:03 Mid-cap and small-cap stocks could go for a correction of upto 30% in the next 4-5 weeks
6:50 In terms of indices, I wouldn't surprised if the Nifty goes below 9,000
7:02 The correction will give opportunities to people who were waiting in the sidelines for investment opportunities
