Comments on stock markets

I think Indian stock markets have started retracing their steps.Dhirendra Kumar , writes in valueresearchonline.com that volatality is high.

Dow jones also seems to have struck an invisible barrier and keeps going down or just stalling.The recent World Bank report saying that economic growth will contract more than expected this year will cause the markets to go down more.

Curiously, i saw an ad last week in Bangalore Times Of India newspaper from a big builder saying that as stock markets have risen , the property prices are also going to go up and hence better start booking your flats! what a hypocrisy! Head of LIC MF gave an interview to Business Line of Hindu saying that property prices will not go down any longer.

I take a totally opposite view.In my view, the property prices in cities like Bangalore have risen up so high that they have to stay the same or come down even more.Even software engineers who are primarily blamed for rising property prices cannot take a risk with such prices as their jobs are not assured.So, i guess that the current prices will either stay stable or come down for another 2-3 years.