One must remember, in this world, everything comes with its own price tags. At one end, India is the one of the fastest growing economy but still is susceptible to turmoil due to global effects and if it is US in question then even India can’t be spared.This is what happened on 21st Jan ’08 – Freaky Monday - as most would remember it to be. The bloody bath continued on Tuesday as well even though the Sensex recovered a bit. The reason – US economy is going into recession and the Indian markets reacted most strongly to that even though the effect could be seen in all the Asian markets.
An interesting read on this is available in the link mentioned below:
Even though it is an imaginative story but the writer has caught the essence of the way stock markets rule lives and a day like this would go down in history as the most horrifying days in the Indian financial markets.But again, the point not to be missed is that this might turn out to be the best time to invest as the markets would recover and turn things around. After all, investing in adverse situations is when you benefit the most in investments. I might not be a professional to talk on this but then this is a straight out fact which many of us would not believe in but would know it sub consciously.Anyone has a different opinion, please share your expertise. I believe the India growth story has just begun and has a long way to go..!!
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