Ramesh Damani , Member, BSE, in discussion with S Naren, ICICI Prudential, Anoop Bhaskar, IDFC MF, Navneet Munot, SBI Mutual Fund and Nilesh Shah, MD, Kotak AMC on the state of the market.
S Naren: When you are managing other peoples’ money and you have a bubble it is very bad. I would say that we do not have a bubble situation. Having said that, from a sentimental point of view, things have been overextended. I would not call this a bubble yet and so the chance of a 50% correction looks highly unlikely.
Having said that, can you have corrections from here over the next 12-18 months? It is quite possible. Will you have a 2008 style correction? Ce ..
