Who would have forgotten that dreadful day of 2008 ? Black Tuesday.........Markets crashed to 4420 and then a late recovery. Margins fell short for most traders and huge sell off took place. Tomorrow is 22 nd Jan. Exact 1 year. And we are in the midst of a very difficult bear phase. Infact the entire globe is suffering from deep recession. US is witnessing 5 lac job losses a month. Economists are calling this the worst recession ever in the making. Nobody knows what actually lies ahead. Maybe sheer depression...maybe not. Many feel that their newly elected president, Mr.Obama will spell a magic wand and help them come out of this shell. We all hope that. We, Indians, honestly hope that maybe, we will move ahead of others and emerge on the top. Investors believe that inherent story of India Shining is intact and FII money will soon start flowing. But I fear that no one can move in isolation. Its all a chain process. True that India has a strong workforce but the global condition needs to improve for money to flow in. If US is feeling the pains, if their industries are declaring bankruptcy, then from where will that money flow come in?
Today, was the penultimate day of Jan massive crash. Tomorrow is the final one. Today, we saw very volatile trading with deep losses in the end. Lets see what lies for tomorrow. We are on the threshhold of 2008 closing lows. Hope that it does not break. For if it does, then all hopes of 2009 recovery might again be eliminated......
Today, was the penultimate day of Jan massive crash. Tomorrow is the final one. Today, we saw very volatile trading with deep losses in the end. Lets see what lies for tomorrow. We are on the threshhold of 2008 closing lows. Hope that it does not break. For if it does, then all hopes of 2009 recovery might again be eliminated......
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