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“In India, companies may fall sick, but promoters rarely do!”

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Scary October 2008…Sensex Oct 1:13056….Oct 27: Down 41% to an intra-day low of 7697….Oct 31: Bounce back 27% to close at 9788 in just three trading days…..so is the worst over ?

This week began with the Sensex recording an intra-day low of 7697 on Monday and it has closed up 27% from this low  to illuminate this Diwali week by a bounce back of 2091 points October 2008 itself has been a very scary month…The Month began on October 1,2008 with the Sensex closing at it’s highest for the month…13056…It’s …

Scary October 2008…Sensex Oct 1:13056….Oct 27: Down 41% to an intra-day low of 7697….Oct 31: Bounce back 27% to close at 9788 in just three trading days…..so is the worst over ? Read More »

Domino Capitulation of the SENSEX…The Countdown Continues 10..9..8..

Domino Capitulation !…Following Global Indices our  Sensex too plunged 11% to close below 9000 at 8701.07, down 1071 points As I blog this,the Dow has opened 5 % down in New York….if the Dow closes weak today, you know the fate of our own Sensex on Monday !…”Dow”n with the Dow !  Alright so we’re …

Domino Capitulation of the SENSEX…The Countdown Continues 10..9..8.. Read More »

It’s 21 years today since Black Monday on Wall Street…October 19,1987

Exactly 21 years ago on Monday,October 19,1987 the Dow Jones Industrial Average sunk 508 points or 22% in just one day…Black Monday The Genesis was the Easy Money and Junk Bonds to create leverage to buy out Companies and the rampant Insider Trading prevalent…an era of Greenmailers Nobody ,and I mean Nobody, has consistently predicted …

It’s 21 years today since Black Monday on Wall Street…October 19,1987 Read More »

Just to quell your Curiousity…Yes ! The Sensex did close much lower than at Noon today

The Sensex Closed even lower at 10809,down 674 points today……this is just in case you were curious to know as one of my earlier blogs today carried this feeling as below “As I blog this,the Time is 12.35 pm and the Sensex is already reversing out 509 points to slip below 11000 to a level of 10974 as …

Just to quell your Curiousity…Yes ! The Sensex did close much lower than at Noon today Read More »

When the Indian & Chinese Media came Calling …….Pivot Sensex indicated at 9000

Just yesterday,the Senior Editor of one on India’s most respected Investment and Finance magazine called me yet again….” Is this 1000 point rise in the Sensex on Monday and Tuesday fake or is it for Real ? : he inquired In June 2008,the Country Bureau Chief of China’s biggest National News Agency came to vist…he had …

When the Indian & Chinese Media came Calling …….Pivot Sensex indicated at 9000 Read More »

Sensex drops 15.95% and near 2000 points this week to close at 10528

From a Sensex close of 12526.32 on Friday, October 3,2008,it has plunged another 15.95%  and 1998.47 points to close today at 10527.85…In fact today itself it lost 801 points.This is keeping in tandem with similar and worse falls in all World Markets this week too Now this is what I’m waiting for !…another 2000 points fall next week …

Sensex drops 15.95% and near 2000 points this week to close at 10528 Read More »

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