Covid-19 crisis over-hyped, India will soon see next bull run: Jhunjhunwala

拉克什·金君瓦拉：新冠肺炎危机被过度炒作，印度将很快迎来下一个牛市

Ace investor Rakesh Jhunjhunwala says India is at the begng of the mother of all bull runs and that the government would increase expenditure once the lockdown ends.

王牌投资者拉克什·金君瓦拉表示，印度正处于大牛市的开端，一旦封锁结束，政府将增加支出。

In an interview with ETNOW, the Big Bull said every bull market tends to be bigger than the previous one.

在接受ETNOW采访时，金君瓦拉称是每一个牛市都比前一个大。

“Bull markets are Test matches and not 50-over games,” he said, noting that “markets tend to shake you up before a bull run.”

他说：“牛市是测试赛，不是50回合以上的比赛”，并指出“在牛市到来之前，市场往往会动荡。”

The March selloff, the billionaire investor said, took a nasty toll on investor sentiment and he would not be surprised if the market consolidates from here on.

这位亿万富翁投资者称，3月份的抛售对投资者人气造成了严重影响，如果市场从此开始走强，他也不会感到意外。

“The recent market rally,” he said, “is in anticipation of a faster return to normalcy.”

他说：“最近股市反弹市场表明市场会更快地恢复常态”

The Big bull said he does not see significant downside from here on and the ongoing bull market should lead to PE and EPS expansion.

金君瓦拉表示，他认为从现在起不会出现明显的下跌，目前的牛市应会导致本益比和每股收益上升。

He said hardly any market globally has made money in last three years.

他说，过去三年，全球几乎没有市场盈利

“I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis. After all, it’s a flu, and not plague or cancer. I do not think anything will change in the long run. We will travel and go back to restaurants,” he said.

他说：“我认为新冠肺炎危机被夸大了，造成了不必要的恐惧心理。毕竟，这只是一种流感，不是瘟疫或癌症。我认为从长远来看，什么都不会改变。我们还是会去旅行，去餐馆就餐。”

Jhunjhunwala, often referred to as India’s own Warren Buffett, said the government was waiting to process the Covid-19 damage and would do what is needed going ahead.

金君瓦拉常被誉为印度巴菲特，他说政府正在等待处理新冠肺炎带来的损失，并将采取必要的行动。

Most companies will survive this Covid-19 challenge and select ones will swing to growth quickly post crisis, the Big Bull said. “Some companies will have a fight to fight the revival phase,” he said.

他说，大多数公司将会挺过去的，危机过后将快速增长。他表示:“一些公司将在复苏阶段打一场硬仗。”

The recent fall in banking stocks was an expression of uncertainty, Jhunjhunwala said, adding that “the real NPA picture will get clear only around December.”

金君瓦拉称，近期银行股下跌是不确定性的表现，并称" 不良资产的真实情况要到12月左右才会明朗。"

Jhunjhunwala expects financials to remain rangebound. He sees consolidation in NBFCs but does not expect the housing finance sector to be hit badly.

金君瓦拉预计金融股将保持区间波动。他认为非银行金融机构将进行整合，但认为住房金融行业不会受到严重冲击。

He felt there has been a lot of assumptions over a possible spike in bankruptcies, and said one needs to take note of the fact that the number of customers availing EMI moratorium at State Bank of India is much lower than the other so-called Big Banks.

他认为，很多人都认为破产可能会激增，并表示，人们需要注意这样一个事实，即印度国家银行享受EMI延期偿付的客户数量远低于其它所谓的大银行。

以下是印度经济时报读者的评论：译者：Jessica.Wu

Truth Is Bitter

Yes Bull run of Corona ...!!!!!

是的，印度疫情的“牛市”要来了！

Vikas

over-hyped ? Is he brain dead ?

印度疫情被夸大了？他脑子短路了吗？

Suresh Kamath

NEVER go by herd Mentality and follow such ADVISE from Market Players or EXPERTS who DO NOT read well any Market and predict such GLORY of the Future when the entire GLOBAL Markets and ECONOMY are ALL at HIGH SEAS and turmoil across the NATIONS

全球市场和经济都在波动，各国都在动荡，不要抱从众心理，不要听从市场参与者或专家的建议，他们没有很好地解读市场，才会对未来市场做出如此辉煌的预测。

Shri

NONSENSE. MASSIVE WORLDWIDE DEPRESSION. PREPARE WELL AND IGNORE THESE NAUTANKIS

无稽之谈。全球陷入大萧条，大家要做好准备，不要理会这些人说的话

Dunbaka Vja

Where was this idiot these 2 months?

这两个月这个白痴去哪了?

Praveen Vishwakarma

He said once that nobody can gauge the market now he is predicting.

他曾经说过，没有人能预测市场，现在自己却在预测了。

Sandip Saraf

just imagine what a manipulative move was made when he invested in yes bank at 65 so to trap retail people

他在65岁时投资yes bank，以诱骗散户，多会操纵市场啊

Govindaraju Rajarethinam

well said.

说得好

Ramesh Juvekar

His face similar to Tedros of WHOpaan CHEWING PANWALLAH.If he was in USA would be in jail.

他长得像WHO总干事谭德赛。如果他在美国，他会被抓去坐牢的。

Ramesh Juvekar

or he should be put behind bars bars

应该把他关进监 狱

Raman

Its the few index stocks that may go up to show a fake rally, rest of stocks will remain where they are. Anyway this man will go any length to fool the retail investors. After the disastrous lock down, India will take years to recover.

只有少数几只指标股可能会上涨，显示虚假回升，其余的股票仍将维持现状。不管怎样，这个人会不惜一切代价愚弄散户。经过灾难性的封锁之后，印度经济将需要数年时间才能恢复。

PURE SOULS

mother of bull run or father of bear run only time will tell

牛市还是熊市，只有时间才能告诉我们答案

LDS D

Mr Feku. For more than 60 days he has seen his favourite stocks crash rock bottom. He's now ho that foolish retail investors will start buying his favourites, and thus hel him recover his huge losses. He comes in TV but never gives any useful advice. He is very vague, really very little to appreciate in what he says.

60多天来，他看到自己钟爱的股票跌至谷底。他现在希望愚蠢的散户投资者开始买入他最喜欢的股票，从而帮助他挽回巨额损失。他经常上电视，但从不给出任何有用的建议。他说话含糊其辞，实在没有什么可欣赏的。

Mahila Utthan

Warren Buffet, after having sworn that he wouldn't invest again in airlines, bought American airlines, Delta etc... Sold them in the middle of the slump. Shares have rebounded by 40% since. Mr. Jhunjhunwala should avoid such comparisons.

沃伦·巴菲特在发誓不再投资航空公司之后，收购了美国航空公司、达美航空等公司。在经济不景气的时候又卖掉，此后股价反弹了40%。金君瓦拉不应该在这方面和他比。

Sajeev Benedict

This guy has crazy and has invested all his money in the stock market which is down due to covid 19 crisis. His talk about bull run in the stock market is to fool and woo all the small retail investors into the stock market so that the stock prices will increase and he can sell all his stock at lesser loss. Indian stock market will not recover within the next 2 years because of the Covid-19 issue so my sincere advice to all the small retail investors is to stay away from Indian stock market for the next 2 years.

这个家伙疯了，他把所有的钱都投到股市了。他说牛市要来了是为了骗所有小散户进入股市，这样股价就会上涨，他就可以卖掉所有股票，降低损失。由于新冠肺炎疫情的影响，印度股市在未来2年内不会复苏，所以我真诚的建议所有小散户在未来2年内远离印度股市。

Sr Finance

In all scenario, retail investors are trapped. kindly show correct status of economy, not your wishes.

散户陷入了困境。请正确解决经济状况，而不是分享你的愿望

Anoop Aggarwal

Don't listen to him. He wants retail investors to pour money in stock markets so that he can ext at higher prices only to invest later when the markets crash. These guys don't give you right advice. Self interest is prime.

别听他的。他希望散户将大量资金投入股市，这样他就可以在股价较高时退出，等到市场崩溃时再投资。这些家伙不会给你们提供正确的建议，他们都只关心自己的利益。

Magnificent Bihari

This guy has been selling the next bull run since 2016. It never came

自2016年以来，这个人一直在吹捧牛市，但牛市一直没有来

Investor Stock

retail investors should avoid following them while making investment decisions.

散户在做投资决定时不要跟随他们。

Guest

stay away from such fraud people. the bull run we see today is being manipulated by inside traders and foreign investors to trap retail investors and run away with their money. the stock is no more associated with the economy. the economy has already divorced the greedy stock market.

离这些骗子远点。我们今天看到的牛市是内部交易员和外国投资者操纵的，以诱骗散户，卷走他们的钱。股市不再与经济联系在一起，经济已经和贪婪的股市分道扬镳了。