Can't outrun a bank run

The buzz in the market this week was the banking crisis. And by now, you would think we would be numb to crises. After all, we deal in markets, and everyone knows how the last two years have been. But with banks, it is indeed surprising, given the stellar last year of PSU banks. Even in the last few months, they were going strong and were the best performers. But then one thing led to another, some banks collapsed across the Atlantic and beyond the Alps, panic set in, and now around 250 stocks with a market cap of above Rs 500 crore are trading at 52-week lows. Time to buy? We can't answer that. After all, we are not Youtube influencers. Just remember, a 52-week low should not be your trigger for investments. Okay, enough with the beating around the bush. Here's what the finance netizens were sharing in their chats this week. Investing biases are real, guys. Your brain can indeed play tricks on you. So whenever you get the classic case of investing FOMO (fear of missing out), just take a deep breath, think of a very green portfolio, and remembe

This article was originally published on March 24, 2023.