India adds 227 new cases.
New York adds 253 deaths.
The state governor says the worse is yet to come.
My heart weeps for New York. I wish, I could help in some way.
Meanwhile, the world markets have factored in much of the disruptions.
The bounce back that we are seeing is wave 4 of the down turn. My guess is that wave 5 fall may not be steep at all. We may face ABC wave consolidation before we look at the next Impulse wave.
However, this is a good opportunity to buy good quality stocks. I believe last years' heros have become middle aged and could be less charming. I am completely out of banks and finance companies.
New investment ideas any one?
Going back to the old performers, will Bajaj Finance and HDFC Bank recover their mojo? What are the reasons for your arguments?
I am just taking an academic view. This is not a debate to win or lose. The real winners are those whose portfolios increased without adding outside money. It is also possible that people on both sides of the argument made money. I respect all of them.
I welcome ideas even if I may not agree with some of them.