C. Kutumba Rao, Stock Market, Analyst at the Investors Awareness Meet – 2011. Pessimism exists when the market is weak. Quoting John Templeton - You should buy the more when there is maximum pessimism. Giving a general overview as to why the markets have moved to this mode is it because of the domestic factors or the global factors. The stock market can be attributed to being similar to film making. It is from the imagination that rallies develop and they peak out and pessimism slowly seeps and sets in. When the markets are good everything is good and when the markets falls it is the reverse. Further discussing and giving his about the trends that took place after the Satyam scandal were a part of the session.