of jail card for the bulls now i have a different take market has been pretty good if you look at it if you picked up stocks even in the worst 18 months with reasonable pes or low pes you have done quite good if you look at the stellar itc 78 over a year you see varun beverages you have got 48 over the year so if you look at the market if you had invested in high pe stocks like a page or something you paid the price for it if you had invested in reasonably good companies with a lower pe stock you have done decently well so on a portfolio basis i am quite sure most people would find that they have done reasonably well in a bad market the problem has been the mutual funds they have not performed and they dictate the trend in the global and in the returns part of it the banking industry has not performed contrary to expectation and people bought stocks at very high level sip is doing nothing better for investors i think the most dangerous thing ever done for investors is that if you made a mistake why do not you add to your mistake that is ridiculous absolutely if you have made a mistake you cut your losses and get out you do not keep adding it to it and that is a problem in india that retail has been buying consistently and therefore the return percentages are so poor in the market so i would still say it has not been a bad market it has been a good market for stocks but to get out of this tomorrow ukraine can have a ceasefire with russia at the end of the day suddenly the market may turn around just one news that the ceasefire so you know from where it came the downfall ukraine war we never expected it from where it can come to take it out of this socalled jail of yours is i know is again an event like possibly maybe a ceasefire or something can help you but i think you would do justice to your portfolio to stick to growth and low pes i think that is where the magic is do not worry about market macroeconomic this will happen too many noises you will die with analysis and paralysis focus on what you like and where you go look at capital goods in india if the government is going to spend 10 lakh crores lots of money is going to come to those companies so these are on a clear growth path look at fmcg mnc companies they find a way to sell their products and make a margin that is a safe place to be so even in this jail i think you have been misplaced if you are sitting in the jail with your companions of high pe stocks because that is where the problem is high