As the stock market goes through a phase of volatility, the street is again questioning whether valuations in major parts of the market are too high. And whether this correction will continue for some more time. If one looks at history, volatility in emerging markets is normally higher at this time of the year as the expectation of fund flows from the US and other countries gets readjusted. Now there is another aspect to volatility. If you are able to focus on the right stocks, it can be an opportunity for the long term.
