While benchmarks Sensex and Nifty are trading sideways on Wednesday, January 22 after their 2% sharp dip in the previous session, however, midcap and smallcap stocks found no rest from bears.
"People are going to lose a lot of money in the stockmarket over the next 2-3 years ... stretching to breaking point – the 1987 equity crash would be a good example," says Albert Edwards.