Thursday, October 16, 2008

positive of US crisis for India

What goes around comes around !!! no matter how strongly our finance minister keeps his point on restoring Indian Banking system or no matter how firmly tries to prove we are fundamentally strong Economy, we cannot deny the fact that we have been hit by what they call is Reccesion in the US and the Global Finance. A dependant Economy like ours is bound to be affected by the crisis and though we can say that India is in a better position than it was in th 80's crisis, but the effect cannot be ignored. We are in a better immune position to cope with it, but just get a feeling that the crisis has come at a time when things were looking very positive for us. The market was growing like never before with our great speculators and brokerage houses speculating 50000 mark in the FY09-11 period, but as all things come to an end , the market crashed, and trust me "It had to " with no fundamentals the mid cap couldnot have grown more and even if it had not fallen, the losses were forthcoming and the market would have crashed later to give even bigger shocks. so that we can say-earlier the better as at least now the investors afetr learning the lesson the cruel way would rely on fundamental scripts rather than speculation on something as baseless as that 21000 sensex.

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