Was Corona outbreak foretold?
'In around 2020 a severe pneumonia-like illness will spread throughout the globe, attacking the lungs and the bronchial tubes and resisting all known treatments. Almost more baffling than the illness itself will be the fact that it will suddenly vanish as quickly as it arrived, attack again ten years later, and then disappear completely.' - quoted Sylvia Browne in her book “End of days: Predictions and prophecies about the end of the world” published in the year 2010.
Now that we are in 2020, we all know what this pneumonia like illness is. Remarkable prediction, isn’t it? This novel corona virus COVID 19 has been creating havoc around the world from the time it came to light a couple of months ago. Several thousand lives have been lost, businesses and economies around the world have been shaken, and life in general has come to a standstill. The SENSEX and NIFTY too haven’t been spared.
Looking at these crashing numbers is surely not the happiest feeling in the world for an investor, but what can one do in such a scenario? Stock market trends of the past reveal that market lows like these are almost always followed by periods of highs, so buying stocks at this time would be no less than a bargain.
Those who make the decision to invest now stand a good chance to make huge gains in the future.
Selling off your holdings for a better stock at a highly attractive price is a good action plan as well for the not so fainthearted.
If both of these do not suit you, holding your investments is the best option.
Precedence reiterates that after every steep correction in stock markets, the following year has always generated handsome returns.
Just like the SARS epidemic and the H1N1 viral outbreak, this corona virus pandemic shall also pass and good times shall return. Post SARS outbreak the SENSEX had returned over 80% annual return.
This kind of a positive mindset and patience are all that one who wishes not to modify his/her investment can have at this time. And if Sylvia Browne’s prediction were to come true, stock market glories are not afar.
Munoth Financial Services Limited is offering Capital Market related services since 1994. It's Portfolio Management division holds an impeccable record of outperforming the indices. Munoth Financial also caters to leading institutions including banks and insurance companies.