Stocks Plunge: Nikkei Down 13%, European Shares Near Six-Month Lows

Japan is no longer the world's third largest economy. The Japanese economy has slipped into recession. Japanese Yen is at 33 year low against USD. Does this signal the start of a domino effect for other major economies? :')

- Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks. - Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning. - Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80. - Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India. - Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.

Nifty down 1.6% , Bank nifty down 2.5%, Realty down 5% , Metal down 3.5%. I get happy when the market rises, but i get extremely happy when it falls or correct :) Let the fall begin 🙌🏻 P.S - I am a long only trader.

Am I the asshole? After a few months clear to me an employee was taking company for a ride. Average a few days a week in the office, otherwise sick/on errands, delivered no work. CTC 55L. Before I could fire her, she announced she was taking Maternity leave a few months into the job. Well crap guess I need to pay her for 6 more months more because of laws I don't understand. Rip my bank account. She returns, same issues. I put her on a pip & she resigned telling me I'm sexist and it will be hard to find a new job now. I say sorry, performance was bad, she can do pip and stay if things are better. She askes for 2 months salary and i agree. A lawyer calls telling me I need to pay more or they will file a case. Said I discriminated to her, and it's not legal. I think this person is a bully/psycho/self entitled. But am I the asshole?

Why are they laying off despite the market boom? Especially azure

- Central Banks have almost achieved their objective of controlling inflation through tightened monetary policy. Though the CPI is inching lower, asset inflation is resurfacing through stock prices and real estate. - Many listed companies that came out with the quarterly numbers are nothing good to talk about. Growth and profits are subdued and for small and mid caps the numbers are decimated but the stocks are still trading at a historical premium. - Analysts will once again start downgrading the earnings forecast and that will start the downward momentum. Once again people will undergo the "Flight to Quality" effect. - No of Bankruptcies is steadily increasing - No of Job openings are trending lower - Most of the US listed firms that have borrowed at a lower interest rate in 2021 are coming up for renewals this year. By the time they refinance, they will be doing it at a higher interest rate which will impact their PAT as a result their EPS estimates will take a biting. - Gold looks attractive from a market cycle standpoint. My Recommendation: - Have an emergency fund for at least 6 to 9 months to cover your expenses. - Exit overvalued small and microcaps stocks. Move to a reasonably valued large cap. - Have health insurance for you and your dependents. - Move out of small cap mutual funds and have some allocation to debt funds. Let me know your thoughts. I hope 2025 turns out better.

Kya phool khilne mein dikkat aane wali hai? ;)