Whenever stock markets turn turbulent, talking heads’ textbook solution to beat the slide is to ‘shift to the defensives’ — which in a layman’s terms is just buy stocks of companies that produce goods which are consumed every day.
That essentially is based on belief that people won’t stop brushing their teeth, or washing their clothes due to slowing economy.
This time around there is no such recommendation. Probably, the answer lies in Baba Ramdev, the man behind Patanjali Ayurveda.
[“Source-indiatimes”]
