Bubble phase of market!

In the bubble phase of market valuations are really stretched. Market capitalization of Nifty 50/Sensex is at its highest or at all-time high. All stocks are highly overvalued especially mid-cap & small-cap scripts. To some extent we are currently in bubble phase. In this phase if you invest money then there is a likelihood of losing it. There is bound to be some correction, and a negative macro event usually triggers it. If you are long-term investor in highly quality stocks, then no need to panic. In fact, market fall, or correction presents an opportunity to buy provided you have dry powder.