I take a week off and the markets fall down by 6000 points. Never knew that I was so important to the Sensex. Now that I am back, things will stabilize. And since everyone is sprouting a theory and setting targets, let me set one too. Sensex 30 K by Jan 2009.
A real nice graphic on the worldwide meltdown.
3 comments:
Chen, ever since I read this post, I've been a little skeptical about the growth of our stock market. I'd be happy if I'm proved wrong. But then...
http://buzzingstocksofindia.blogspot.com/2007/10/are-terrorists-manipulating-indian.html
chen,
wait for another couple of months, if you decide to practice your prediction by investing in the market. The problem with 25 % corrections is that they take longer than six months to recover (if we are in a bull market) or they are harbingers of a bear market.
we are still over valued and in a bubble like environment. Most new people in this market have no clue how a bear market looks like or refuse to believe a bear phase is possible. Also they dont realize economic growth doesnt always translate to growing stock market.
abt the post on aborigines and race, here is Sir Pandiyan's take.
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