This was all over the News Channels. The Sensex and nifty had lost points. Meaning that investors in stocks had lost money and a lot of money at that. Now I am not qualified to talk about stock markets as I know very little about economics, but the market graph resembles my career graph.
Atleast here, the scale is on the positive axis. Mine goes into the negative axis. (Starts at around 1.0 and steadily loses ground)
However, I have to make one comment whether people like it or not. Everyone on TV was saying that the Govt. must take steps and make sure that small investors don’t lose money. WTF ? The Govt. doesn’t ask you to invest in stocks. Even the stocks say “subject to risk”. When you want to become rich overnight, you have to take risks and at times it doesn’t pay off. Ypu have every right to feel bad and my sympathies with everyone who lost money. It’s hard to make money these days and losing money you thought you had is a bad sinking feeling. However, don’t blame it on the Government.