I hate people who ask me “What do you think the market will do next”?

The hatred is on the people who keep repeating this question knowing that I belong to the Peter Lynch school that “only the company matters, the surrounding area does not matter”.

The sensex is at 36000. For it to be a confirmed bear market, it has to come down to 27000. Can it come down to 27k? I do not know.

However, I do not see any reason why it should not come down to 28000.

What about the mid cap shares?

Well they have come down already alright?

So are we in a bear market for mid-caps?

I do not know.

So what should we do now?

Well nothing. If you are a sip investor, you should just continue the sip. If you are a stock picker, learn to read the annual report. Keep reading the reports of competitors. Read the Hdfc Amc ‘s DRHP. It is lovely…you will learn a lot…