Free fall of stocks

There is a free fall of stocks in Indian stocks markets following the global trends. Indian indices grew faster than the global peers. So ,they are falling faster too.
Sub - Prime crisis and US recession seem to be the guiding factors. Earlier we were discounting all bad news .Now we are discounting all good news.
Indian economic growth is also seeming to slow down.
All said and done , the free fall is bringing a lot of stocks to attractive valuation levels. May be its time to start looking out for and prepare a shopping list of stocks for long term investments. There may be further fall too but small accumulations from now on may definitely help in long run. SIP in Equity MF must be the best answer to this situation.

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