Inflation @ 12%
IIP @ < 8% (!!!)
Crude @ $130 (Riding down from $150)
Sensex @ 13K
Nifty @ 3850
What a story it has been in the last 35-40 days. Its' been all the way down south for all the bulls, their horns and their hoofs. Its' a no-hold-barred contest to hit rock bottom.
When even amateur economy watchers such as me can predict an imminent fall such as the one above, it becomes amply clear that bubbles and media-hype are true realities in todays day and age. Why even Idli-Dosa-Sambaram was tom-tomming his "de-coupling" theory, and one bull-rally (a hedge agasint the falling $ really) in crude & other commodities, and voila he forgets how "de-coupling" is even spelt.
What a dream team we had...but I guess they took the dream part too seriously, they kept dreaming while the Indian boat sailed through calm waters and into a torrential storm in the midst of no-where.
Good Luck in Elections!!!
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