Sensex down 372 on liquidity concerns - the bear market in here with sporadic upside rally
Sonia Chopra
Jan. 24, 2008

India has reached the age of modernization. But the excesses and the bubbles in the economy are clear in the economy. The cricket franchise IPL just got auctioned (including city rights) for billions of dollar without any prospect of a single match.

India lives in ‘high’. But the reality is about set in the main streets of New Delhi as the global depression and commodity hyperinflation takes over the state of ‘high’ and prosperity. It resembles 1929 in United States.

Sensex had gained 864 points after a plunge of close to 4,100 points in the previous seven trading sessions. The benchmark lost 372 points today after opening 600 points higher after France's second largest lender Societe Generale disclosing one of the biggest ever bank frauds. The market breadth was also sharply negative with just about 14 per cent stocks managing to close with gains.

Indian has unfortunately tagged itself with the western economies. Indian talent oday is busy cleaning the basket for the western companies for a few pennies on the dollar. As the Titanic (US economy) goes down, so will India. Eventually India will wake up and come down from the ‘high’. It will focus on indigenous efforts and pride.

Sensex down 372 on liquidity concerns - the bear market in here with sporadic upside rally
Sonia Chopra
India lives in ‘high’. But the reality is about set in the main streets of New Delhi as the global depression and commodity hyperinflation takes over the state of ‘high’ and prosperity. It resembles 1929 in United States.
READ MORE>>

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