Indian stock markets have collapsed by more than 16% since the beginning of 2008, while the Chinese stock market went done even more, by almost 17.5% in the same period. Ultimately, China and India hold the first 2 ranks when it comes to worst stock market performance of 2008 till date.
Now one would say, when the entire global markets are going down, how can India and China be shielded? Very true, but then it better to learn a lesson from such debacles. What goes up like a rocket, comes down at much faster pace when things start going bad. Not only for the overall markets, but even if you look at individual stocks like RNRL, Reliance Petroleum, Reliance Power IPO debut, all these stocks were the once that led the rally. Today, they are the ones which got butchered mercilessly, which ultimately means that the shareholders of these stocks got butchered for their money and investments.
How about Infosys, ever heard of any stock analyst or market expert talking about Infosys anymore.
The report by Thomson Financials cite a reason that India and China were late to join the global slowdown rally. While US and other world economy went down in November-December itself, India and China held on. Now, since these countries heavily rely on exports to US, they ultimately succumbed to the pressure and are now going down further – just to match their peers.
| It’s easy to give a report on what has happened in the past. What were the same analyst s and market experts doing in November-December? That is why it is said, things work randomly. One needs to be lucky to make money in the markets. | Table of Contents |
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