Day 79/ 365 – Visit to Big Bazaar

Yesterday we decided to visit Big Bazaar as they were having their annual sale festival, called as Saal ke Sabse Saste Teen Din. Normally, we dont go to stores during such days as it is generally very crowded. However, yesterday we decided to go check it out and see what the hype is all about. We decided to go in the early afternoon hoping that there would be less crowds. But boy, we were so wrong. The entire store was so full of people. It seemed like the entire suburb was out shopping there. We normally go to Dmart, however, I was simply blown away by the variety of things that were available there. I was also simply amazed looking at the amount of the stuff people were buying. Almost everyone standing ahead of us in the queue had brought stuff for like 7k-9k. It was just amazing to see so many people there at the same time. We waited in the billinq queue for almost 40 mins for our turn to come. Overall, the experience was alright. I just wished that they increase the floor space so that they can accommodate the throngs of people who visit the store during such days.

Economy and Markets

The last few weeks have been very tumultuous for everyone. The global market melt down has affected almost everyone in same way or the other. The collapse of major financial institutions has caused a worry in the market as to who is safe? It seems like all industries have been effected by this. Two days ago, Europe officially admitted that st it is under recession and so did Japan. US, we already know is under recession but they wont accept it. The global oil prices, have also fallen down. In India, we see the sensex has crashed, the rupee is struggling, construction industry is bust, and credit is not easily available in the market.

I think for long term investors this is the perfect time to invest. For people who have savings, this is the best time since there is a lot of panic and fear in the market. Also the prices for the housing market will come back to earth in the next few months and it will be a very good time to get a house. The basic principle of the market economy is supply and demand. Currently there is abundant supply and the demand is very few and this is going to bring down the prices, since the inventory has to be cleared. If this does not happen, there wont be new products launched.

I dont know what I am trying to say here and why I am dishing out all this “gyaan”. I guess in someways I am myself affected by this market crash. Some of my investments have lost 40% of their value and I am not sure if I will ever regain the lost value. Only time will tell. But I truly wish I had some money on hand because now is the best time to invest and reap profits for the future.