Markets fall like nine pins

Its been nearly a year since i had blogged. Have been contemplating on when to start again. The last one yr has been quite entertaining and enterprising for me, barring a few instances here and there. Have had quite a few topics/experiences in the recent past that made me think i can blog again. But looking at what has been happening to the stock markets in the last few days, i decided to blog one this time before i start thinking on whether i can blog.
The last 2 days have been really bad for many investors. Especially for ppl who had a stake in f&o, expecting the market to go up. The midcap segment saw a crash of 50-70% in the past few days. Stocks that ppl expected would make them a fortune have instead made them paupers. We normally use the phrase 'Rags to Riches' but out here it has been a different story for many people. Many could still not recover from this particular shock. Quite a few suicide attempts have been reported. Few people have started disposing their properties to cover the loss they have made by investing in f&o. If we were observing the global markets, we could have taken a cue or two. The asian markets were weak even before the indian market started falling. People who had invested in mutual funds have lost almost 30% in the last few days because most of the MF's have invested mainly in mid caps and small caps. I am lucky enough that my portfolio still hangs on to the positive side, though it was very very healthy a few weeks back(thanks big bro).... For new investors, they can look at entering the market by picking good blue chips. For people who have already invested can still look at averaging the price by accumulating few more. The prices might dip further, but still it looks good for buying. I am particularly happy that the market has crashed, because i was waiting for this for quite some, though quite a lot of money stay locked in ipo's like future capital and reliance power. Lots of money from the secondary market has gone into the REL Power ipo. All investors who had invested in REL Power expecting high listing gains, might have to settle for something less.
As it is always with the stock markets, we never know what is in store. Lets hope for the best. :-)

P.S. This blog was written yesterday and posted today after the market had seen a decent recovery.