Those who forget history are condemned to repeat it, goes the wise saying. We have had Harshad Mehta, Ketan Parikh, Dotcom Hysteria and nobody learns. At the start of the year, I had predicted a year of cautious optimism. The silly FM wears his suits on Friday and starts selling the India story after two days of consecutive drops. He tried the same stunt with FIIs that he did with Indian business and got the chops of millons of Indian investors fried.
Fundamentally the economy is in bad shape, other than the opening up of private airlines, nothing really positive has happened since the Congress took over. To distract the nation they have cooked up the reservations story. Are you saying Manmohan, Chidambaram, Jairam Ramesh don’t see through this. They are giving up a really good chance to change the country.
When there is better co-relation between infrastructure growth, faster reforms and investments in stock market, there is a better chance of profit realization. Also market and economy will grow pretty much in synch. The economy growing 8% and stock market 200% there is disparity. Spot it and ensure your own personal safety.
Shrikant's Blog 