Bear markets and business depressions are temporary. People do not remain pessimistic forever. - Sir John Templeton Covid phobia forced all governments across the world to enforce complete lockdown in affected areas while putting restrictions in others. This brought almost all world economies to a standstill. Priority shifted to saving lives than allowing free movement of the people thus bringing world economy to a halt. Soon the world leaders realized that the public movement and economic activities can’t be restricted for long and they will have to learn to live with it. So they started opening the doors step by step. Already a substantial loss had been inflicted upon the economy. Now is the time to recover and get back to the normal self. Impact on Markets: Markets reflected these events and in March with both major Indian indices down by over 40% from their peaks. We live in a very optimistic world which presently live virtually. We are witn...
Ajay Sharma, Founder of Investmentmitra is an Air Force Veteran and an Alumnus of IIM Calcutta. He is also President of All Mutual Fund Distributors Welfare Assocaition and a Member on Board of Management of The Sonepat Urban Cooperative Bank Ltd. The Blog Here we share our views on economy, markets, politics, events etc. and how they impact our investments. We also share occasionally interesting investment products that we believe are worth considering for investments by the reader.