Do not post content just because it features a resident of Bikini Bottom.If you want a sub catered to that sort of thing, check out r/Spongebob. As for here, this is for memes and for memes only.2. Don be a dick.No racism against squirrels. Sinha said given the intensity of the fall and given that it is a global sell off driven by US bond yields rising, one should not be in a hurry to enter the market, especially since most Indian investors are overbought.So, not a market to jump into but with correction taking shape, there will be good buying opportunities and in select stocks, there already are buying opportunities, he said.When asked if one should buy into the declines of stocks like HDFC twins, Maruti etc or is something fundamentally changing for them. Roy said nothing is fundamentally changing for them, only the valuations that were on the higher side are reverting, which is good from an investment perspective and so selectively, as flows come in the house will deploy money.According to Roy, the retail money may not come into equities at the same pace as it has been earlier because the bonds have become attractive after the rise in bond yields. „So, the differential between the prospective bond returns and equity returns have disappeared,“ he said.However, the enormous money that was coming in through retail investors may not disappear but will come down and could still be a high number from a historical context.Talking about the impact of long term capital gain tax, Roy said from long term perspective it does not matter in terms of attractiveness of the equities and people will learn to live with it but the differential between equity returns and other asset classes’ returns comes down.On midcaps, Roy said they continue to be very expensive and there is room for downside there, especially if the liquidity flows dries up a bit.
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