Every other indexes around the world have suffered a massive decline today because of the tariff war. This was the tweet in the today morning and since the US market has opened, it is doen by more than 3%.
PC: Twitter.com
The Nifty 50 in the Indian Stock market was down by more than 5% at one point of time and it recovered and it was doen by 3% at the end of the days trading day. Today I have not bought anything this is because I wanted to see how the US market does and then will be buying tomorrow. Hopefully it should recover tomorrow, if not I might buy with some amount.
Every other person is predicting that we are getting forced to a recession because of wrong policies by the US government. It might be good for the US but again it should not happen so directly. Reciprocal tax is good but again you should not tax whole world at once. It should be in phase manner to see of it actually worth it. I can see the inflation going up from here.
Also people will be moving away from the stock market for some time and get into the bond market. And might be I feel the next action would be lowering the interest rate which again would be positive or negative who knows. I have not bought today, though I wanted to but again I kept my hand closed to see how 2-3 days goes by then only I will start buying some. Mostly I will be buying the NiftyBees itself, because that's the safest bet I feel in this market.
When all the other ETF have gone down by more than 20 to 25%, NiftyBeez is still down by more than 13% only. Yeah receiving might be slow but again you will not feel like all your money is going. Have you bought anything today?