Today's fall in the market

Indian stock market is falling everyday like there is no tomorrow. you come in the morning and check bloomberg, market opens down and the spiral keeps on increasing. increasingly the question is where is the bottom??

there was a survey done recently by a leading brokerage firm and they found Indian fund managers to be most optimistic in Asia. if you apply contrarian approach (buy when every body is selling), may be we are still not closer to the bottom. And it could fall more..

recent article in one of the leading finance magazines said that stocks could get cheaper in the next 6 months..

my view is the bottom could be when forward PE of Nifty goes to 12 - 13..

debt is much better investment today..