2. I must compliment Warren Buffet for putting into action what he has preached for so many years and he further states that his buying is dictated by the fact that one should be fearful when others are greedy, and be greedy when others are fearful. Warren Buffet further states that now is the right time to buy as fear is now widespread, gripping even seasoned investors.
3. Thus if you are a seasoned investor than one can accumulate the blue chips in Indian stock market because Dow has risen from mere 66 to 11200 despite two world wars, great depression and a number of other failures in US, than there is no reason why the US market will not give returns in long term and same can be also stated about the Indian share market.
4. Now the question is that who will follow Warren Buffet, i.e. either Rakesh Jhunjhunwala or you, it all depends on your cash position. Do not try this strategy in F&O segment as Warren Buffet is candid enough to admit that he is not aware that how market will behave in near short term but he is definitely sure of long term which is an upmove.