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ved
Telugu Veera
Joined: 26 Feb 2006
Posts: 2029
|  Posted: Tue Jan 22, 2008 10:27 am
Post subject: Stock Market Crash? |  |
| The stock market is plummeting- already shedding 3500 points in four days from its all time high of 21000. Lot of panic selling is going on. Particularly the novice buyers, who assumed it to be a simple game, are shell shocked.
Is it a short term correction?, or are there some fundamental issues? For some companies it is double whammy, as plunging stock prices are deflating the value of rupee, raising their import costs. Although it is good for software companies. Your thoughts? |
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webgeek
Telugu Simham
Joined: 19 Apr 2004
Posts: 1006
Location: San Jose, USA
| Posted: Wed Jan 23, 2008 2:12 pm
Post subject: | |
| I think this is a bit off topic in the sense that the stock market crash is not at all related to Andhra Pradesh. But never mind, sure there are many investors and traders from Andhra Pradesh too.
And now my view. I think the stock market crash is reasonable in the sense that the timing is perfect but what is said is the extent of the crash. Two big falls to the levels of about 1700 and 800 points on single trading sessions surely isn't anticipated. And today they seems to have come to the normal levels. I guess the Sensex is up by about 900+ points. Huge swings on either direction are very jeopardy for traders.
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webgeek
Telugu Simham
Joined: 19 Apr 2004
Posts: 1006
Location: San Jose, USA
| Posted: Wed Jan 23, 2008 2:14 pm
Post subject: Re: Stock Market Crash? | |
| | ved wrote: | | Although it is good for software companies. Your thoughts? |
The Indian IT sector has already seen enough of bad days due to the Indian Rupee appreciation over US Dollar. From what i was listening, it seems the worst days aren't over yet. And surely traders and investors are not so keen with the Indian IT Companies in the sense that they can make more money else where than here.
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I like Tomorrow...
Because I like waiting for it to come everyday.. |
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