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Looking at the world Major Indices, we see all have fallen approx 30/35 % since their tops made. Lets compare them to see where we stand:
Indices Top Month Bottom Date
Dow 14198 Mid Oct 07 11634 Mid Jan 08
FTSE 6754/6751 Jul/Oct 07 5338 Mid Jan 08
HangSang 32000 End Oct 07 21700 Mid Jan 08
Shanghai 6124 Mid Oct 07 4330 Still not bottomed
Nikkei 18000 July 07 12572 Mid Jan 08
Aord 6873 Nov 1st week 07 5222 Mid Jan 08
Sensex 21200 Jan 14 08 15332 Jan 22 08
So on an average Most Indices took around 3 months to fall the 30/35 % & We fell the same fall in 8 trading sessions, Is this fair, Is'nt this height of Manipulation or whatever you call it. It happens only in India... Our Growth rates may not be the highest in the World but our crash / fall are the fastest.
So where is our dear Finance minister who was taking strong action as the rise of each 1000 points (which was average 10/15 days per 1000) was not good according to him & thus he banned the PN notes & took other actions, now a fall of 6000 points, should he be least bothered about it, if 1000 points rise in 10 days was worth banning PN notes, is'nt 6000 points fall worth unbanning them ???? WHERE ARE YOU MR. PC, your voters want some answers.
Indices Top Month Bottom Date
Dow 14198 Mid Oct 07 11634 Mid Jan 08
FTSE 6754/6751 Jul/Oct 07 5338 Mid Jan 08
HangSang 32000 End Oct 07 21700 Mid Jan 08
Shanghai 6124 Mid Oct 07 4330 Still not bottomed
Nikkei 18000 July 07 12572 Mid Jan 08
Aord 6873 Nov 1st week 07 5222 Mid Jan 08
Sensex 21200 Jan 14 08 15332 Jan 22 08
So on an average Most Indices took around 3 months to fall the 30/35 % & We fell the same fall in 8 trading sessions, Is this fair, Is'nt this height of Manipulation or whatever you call it. It happens only in India... Our Growth rates may not be the highest in the World but our crash / fall are the fastest.
So where is our dear Finance minister who was taking strong action as the rise of each 1000 points (which was average 10/15 days per 1000) was not good according to him & thus he banned the PN notes & took other actions, now a fall of 6000 points, should he be least bothered about it, if 1000 points rise in 10 days was worth banning PN notes, is'nt 6000 points fall worth unbanning them ???? WHERE ARE YOU MR. PC, your voters want some answers.
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