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UP goes the worries DOWN goes the rating

It was certainly news when SnP downgraded the Rating of the US from AAA to AA+. Something symbolic like the USA losing its A. What is to be observed next is to see the effect of it on the other economies, especially the growing economies. India, among them, is already showing its reaction (-vely) since Friday. Sensex has plunged for 2 consecutive days.

There is a selling pressure from the Institutional Investors or the FIIs, which is creating panic. But it's better to hold on to the cliff and let the wind of uncertainty pass. In simpler terms, I am going to HOLD ON to my portfolio and will not give in to the selling pressure. I would advise others to do the same.

What I feel personally is that these are just the bubble effect, which is going to subsidize very soon. The Indian economy is strong enough and self-reliant to absorb the shock that is happening around the globe at the moment.
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