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March 21, 2008
Will the stock market fall further?
On October 19, 2007 when the Stock Market was at 19,000 points I had mentioned the following –
*.....how it was visible looking at the points Sensex had touched - 19000! I said don’t worry it will fall soon, and when it will fall it will be horror – to the extent that people will start committing suicides! (Well that was a strong statement, but then very much possible!) And the very next day the market fell 200 points, and is still falling!
*So what is my take on the topic? Anything that grows very fast comes down at the same speed – that is the rule of life - and any growth should always be gradual. The DOT COM industry came down, because it grew too fast in too little time. Now it is stabilized. Same way Sensex touching 19000 is too fast in 2 years, and it will come down drastically and stabilize at 10000 to 12000 points.
To be honest I didn’t use any astrological analysis for this prediction. I used only my insight, few expert advices and also God’s grace to a large extent.
Today it is at 14, 994 points and to avoid panic the market is kept closed for 2 days! So will it fall more – the answer is yes – it will!
Few Random Thoughts
I am ashamed at how we Indians create an illusion around ourselves about India’s development and how we believe in what these politicians say in the name of India Shining! Wherever you are, and whichever city you are, just travel 50 kms from it and you will see the real India.
Huge IT buildings in metros, modern shopping malls in cities, and multiplexes aren’t signs of development. India will and can develop only when farmers make good money. No wonder 9000 farmers committed suicide when Chandrababu Naidu was busy in beautifying Hyderabad!
I read in a recent newspaper about how happy Coke is happy about its business in India, and how happy they are in investing some 1000 crores in India. Why wouldn’t they be happy? They use Indian water, they use Indian cheap labours, they use Indian market to sell their product, and are least bothered about the farmers who get affected miserably due to shortage of water for irrigation due to their water-consuming plants.
These days advertisements ask us to eat Oats instead of Idli and dosas, and we think may be the West is right. We forget to think that they eat red meat almost most of the days, which balances their energy levels, which we don’t. Watch any herbivorous animal they keep eating the whole day, and where as carnivorous animals can go for weeks together after a heavy meal. Indians eat vegetarian food most of the times hence just a bowl of oats won’t suffice! That was the reason why Indians always stuck to a heavy break fast!
Former Indian President Abdul Kalam can be successful in selling few more copies of his book by saying India will be a developed country in 2020. But the fact will remain that until and unless Indian economy doesn’t depend on the US or UK, and that India becomes self reliant – we can never be a developed country for centuries to come.
We started our slavery by imitating the Moghuls for a while then came the British who made us look down upon our own vernacular language. And now we are slaves at the American hands – directly and as well as indirectly! It is shameful that our economy depends on American recession!
Long live India!
Posted by Kenni at March 21, 2008 07:06 AM
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