One more crazy day in the markets. The pretty anchors in Biz News channels have brought out their grimmest masks to wear. Subprime crisis (whoever heard of it an year ago), seems to be rumbling into an avalanche. And markets all over are diving lower. Gosh whats up?
Reminds me of a fella who had a pretty rough time in life. He was never the type to consult any astrologers. But this phase of life was pretty rough, and he thought that he’d seen the last of it. And so he wanted to check if he had just been through saadey-saathi, that seven and a half year cycle of saturn. For the first time in his life he consulted the almanac, and he found…..that the cycle had just commenced. What he had experienced was perhaps an acclamatizer!
Anyway, all the pundits are out on this one. “What do you advise the retail investor? Sell and cut losses?” asked a pretty anchor to a prettier analyst “Well..unless you are in distress and need cash, I would advise not to sell. Hold on. Take a holiday. Dont even look at the market news. Come back after six months. Things would have improved. I wouldnt even advise buying now. For we expect that the bottom has not been reached. There will be more fall. So for now, just switch of the TV and go play bridge or learn breathing exercises…Dont come anywhere near the market”, was the approx reply I heard.
So folks…just as India Inc started to flex its muscles, the nerves and bones seem to be crumbling. And the ‘nerves and bones’ systems have a command centre. And thats not the brain, for no one seems to know where the brain is. The command centre is the spine. Which happens to be the American market. And it seems kind of broke, or on the way there. Because there is an imbalance, it appears, between the ‘yen’ and the ‘yank’.
Nero hasnt stopped fiddling though. Election smiles in US and India…And China prepares to light the Olympic torch….
So folks…how do you see it going? desh ka kya hoga? duniya ka kya hoga?