2008 Déjà Vu? Not Really!

In our special story we have talked about value stocks and their relevance in the current market situation.

Those of you who have been tracking the equity market for a decade and a half might be getting a sense of déjà vu. The failure of banks on both sides of the Atlantic Ocean is bringing back memories of 2007 and 2008. Finance companies, including banks, fell like ninepins due to the subprime crisis that unfolded during 2007-08. This finally led to one of the biggest global financial crisis after 1929. It reached its nadir with the collapse of Lehman Brothers, the fourth-largest investment bank of the US at that time with USD 639 billion in assets. Fortunately, I do not see the current situation getting anywhere even close to that.