Massacre at the markets

In the last few days even the most resolute bull is feeling despondent. The nifty was down almost 7%, mid caps 8% and small caps 10%..

The markets across the globe are feeling the punch, reeling with the heavy selling of all funds.

So what are we supposed to do. The same people who at 8000 nifty had been saying that banks is the area to be in , suddenly turned around and are now saying banks are dead meat... And they seem to be so. The bank nifty is down below 14000.. Sbi to 150 rs and its difficult for us to believe that it will become better.

However I do believe that this is the time to stay put and have faith in the long term equity markets.

Here are somethings I plan to do

1. Continue my sip in the planned funds
2. Evaluate balanced funds as an additional sip
3. Evaluate some specific sectors like banking

It's simplefinancialsense