6 Men. 6 Places. Varied backgrounds. Variety of Industry. what you finally get is a "Arusuvai virundhu". This is our honest recordings of things, news, informations which influenced us in everyday's life. Viewing this from decades from now, will throw some ideas & informations of the period we lived in. The social, cultural, political & personal influecnes of our current time is reflected in this post.

Monday, May 17, 2004

48 Hrs. Drop of 900 Points & a loss of 2,35,000 Crores. Are We Safe anymore?

The sensex is not dropping, it is falling like a nayagra falls. 48 Hrs. we lost 900 points, and make no mistake, there will still be slider till the government sworns in and the FM or the PM gives their view on economic policies & reforms. In last 2 days, we lost roughly around 2,35,000 Crores in market capitalisation, what we all dont understand is we are in for a serious trouble.

The image of billon $$$ foreign reserves are being shatterd. SEBI is on high alert. Soon you may heard a few suicides, What Ketan Parikh, Harshad Mehta and Telgi collectively not done, is being exhibited by the congress government and by their wrong signals.

With the Left being out of the government and gives out of the venue support, there is more blood than the bread to come for. Is the Left, takes power without the responsibility. In the name of the labour, are we going to pledge this country once again ? Just coz it was initiated by the NDA govt, more economic reforms and disinvestment is going to be put on the block? Will the Left supports strategic sale of public assets by the FM? More questions to ponder but no one to ask for.

Hope this time, we are not going back to the ChandraSekar's Period again....Bloodbath on Dalal Street

Hi guys...don't have to fear...its fully sentiment driven..nothing is reflecting our fundamentals...there is a bit of hype in the market which places every share a bit more than what it should be...now its the other way bcoz of this LEFT parties....it has stabilised now but will not see the boom as in NDA govt. time as Mr. Singh is not for disinvestment though he is saying he will...slowly he will make sure non of the PSU are disinvested and loss making PSU are shutdown. well still india will shine but not as bright as in the recent past but it will. Mr. Singh will try and correct the fundamentals and hype created by NDA....so its good for us in long term...growth will be slow but strong and steady if the goverment lasts long.

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