Tuesday, January 22, 2008

Is the party over?

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:

krishnan said...

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

Bala said...

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.

The Talkative Man said...

abt the post on aborigines and race, here is Sir Pandiyan's take.