Dear Friends,

We are in a very difficult zone. I would like to believe one should get out of equity even at these rates and park their money in Gold.

Oil US$ and global finanacial turmoil will affect growth in comming 6/9 months. We may have to revisit EPS & PE for the market. I think we will see some new lows. may be 10800 on sensex and 3250/3450 on Nifty. I dont see market in bull faze for 6/9 month some rallys may be seen in between but that will only giove shorting opportunities or to sell the stock.

I would say dont be afraid to sell even at this rate. You will for sure see some more errosion.

Ash...