The last time Nifty Lost 250 points….or, rather, 3% in a single day, was 328 trading days ago : The last big down day at 3% was in August 2013. And look at the utter lack of movement in recent times: While this was a horrible day, it has to be seen in context. We have had very little volatility recently. And that’s made a lot of us quite complacent. Today was a wake-up call. It’s not all right to use recent data to back test a theory because the recent lack of volatility was abnormal. At Capital Mind we have continuously highlighted the lack of volatility. It makes no sense to believe that it will end tomorrow, but we have to have a plan for when it does end. Stay lean, stay nimble, and respect your stop losses. This is like our recent post about the Inflexion point in IT .… (Read On…)
[via Capital Mind]
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