But
how is the US subprime market associated with the fall? Tridib Pathak, CIO, Lotus India AMC, affirmed to 4Ps B&M, “A weak US economy is having its implications on the US sub-prime housing market where there are rising defaults and foreclosures. And that has had its implications on mortgage backed securities in the credit markets all over the world. The shakeup in credit markets has in turn resulted in ‘risk aversion’ in credit markets in general. The fears are of US weakness turning into recession and a global slowdown. Due to linkages of all markets globally, India has also seen a correction in line with all global markets.” But the fact is that every correction provides stock-specific buying opportunities from the medium to the long term. Experts feel, it is im important to always stick to the basics, that is, growth and valuation, and on both counts, Indian markets are well placed. From a fundamental point of view, India’s economic and corporate profits growth is intact.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
how is the US subprime market associated with the fall? Tridib Pathak, CIO, Lotus India AMC, affirmed to 4Ps B&M, “A weak US economy is having its implications on the US sub-prime housing market where there are rising defaults and foreclosures. And that has had its implications on mortgage backed securities in the credit markets all over the world. The shakeup in credit markets has in turn resulted in ‘risk aversion’ in credit markets in general. The fears are of US weakness turning into recession and a global slowdown. Due to linkages of all markets globally, India has also seen a correction in line with all global markets.” But the fact is that every correction provides stock-specific buying opportunities from the medium to the long term. Experts feel, it is im important to always stick to the basics, that is, growth and valuation, and on both counts, Indian markets are well placed. From a fundamental point of view, India’s economic and corporate profits growth is intact.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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