yesterday's plunge was some 8%
today it is 10%....
any idea whats wrong?
Full Version: Mumbai Stock Crash.....!
QUOTE(schmuck @ Jan 22 2008, 10:44 AM) 
yesterday's plunge was some 8%
today it is 10%....
any idea whats wrong?
today it is 10%....
any idea whats wrong?
Through out the world...
Toronto Stock market takes biggest one-day plunge
The Canadian Press
Japan's Nikkei 225 Falls in Biggest Two-Day Drop in 17 Years
Bloomberg
GLOBAL MARKETS-Stock rout deepens, the panicked flee to bonds
Guardian Unlimited, UK
"No one knows what's going to happen tonight in New York.
QUOTE(Titan_1984 @ Jan 21 2008, 11:39 PM)
Through out the world...
Toronto Stock market takes biggest one-day plunge
The Canadian Press
Japan's Nikkei 225 Falls in Biggest Two-Day Drop in 17 Years
Bloomberg
GLOBAL MARKETS-Stock rout deepens, the panicked flee to bonds
Guardian Unlimited, UK
"No one knows what's going to happen tonight in New York.
Toronto Stock market takes biggest one-day plunge
The Canadian Press
Japan's Nikkei 225 Falls in Biggest Two-Day Drop in 17 Years
Bloomberg
GLOBAL MARKETS-Stock rout deepens, the panicked flee to bonds
Guardian Unlimited, UK
"No one knows what's going to happen tonight in New York.
Haha, not much happened to Pakistani stock markets!
I think KSE might go up just out of spite
i doubt given the better relations between pakistan/india of the late that we'd try to out do them on this one. We already did our share in the post Dec. 27 events.
i doubt given the better relations between pakistan/india of the late that we'd try to out do them on this one. We already did our share in the post Dec. 27 events.
QUOTE(instantexcess @ Jan 21 2008, 11:45 PM)
I think KSE might go up just out of spite
i doubt given the better relations between pakistan/india of the late that we'd try to out do them on this one. We already did our share in the post Dec. 27 events.
i doubt given the better relations between pakistan/india of the late that we'd try to out do them on this one. We already did our share in the post Dec. 27 events.
I think KSE went down 240 points or something like that (thats nothing!). We'll see tomorrow.
QUOTE(bojangles @ Jan 22 2008, 12:47 AM)
I think KSE went down 24 points or something like that (thats nothing!). We'll see tomorrow.
KSE is down 240 points ... but i don't think that this is just short holders just getting rid of some risk, if Musharaf baba can bring back some decent news from EU ... we should be set for some improvement.
QUOTE(instantexcess @ Jan 21 2008, 11:54 PM)
KSE is down 240 points ... but i don't think that this is just short holders just getting rid of some risk, if Musharaf baba can bring back some decent news from EU ... we should be set for some improvement.
Oh, woops, I forgot a 0. At the moment it is down 229.55 points.
Ya I'm hoping he does, Scotland Yard agreed with the Pakistani government (and said they were very helpful etc.) so thats a plus...
A crash was on the cards with the snowballing of US recession fears touched off by subprime woes. Banks across world are expecting a large write down because of the problem.
As for MUmbai's case, its the same financial institutions that operate in india as in other exchanges. no wonder they reacted sharply. nothing to do with economic fundamentals. so, there is a a chance of the market returning to a rally by weekend.
As for MUmbai's case, its the same financial institutions that operate in india as in other exchanges. no wonder they reacted sharply. nothing to do with economic fundamentals. so, there is a a chance of the market returning to a rally by weekend.
Alot of foreign money has been pumped into market. Therefore it is really vunerable to crashes because of foreign speculators.
QUOTE(schmuck @ Jan 22 2008, 12:14 AM)
yesterday's plunge was some 8%
today it is 10%....
any idea whats wrong?
today it is 10%....
any idea whats wrong?
Where have you been ? All Asian and global market are crashing because they are afraid of a US recession. Its started last week and carrying on until today.
http://biz.yahoo.com/ap/080121/world_markets.html
QUOTE
Asia Markets Tumble on US Worries
Monday January 21, 10:34 pm ET
By Yuri Kageyama, AP Business Writer
Asian Markets Extend Losses Amid Worries That US Is Headed for Recession
TOKYO (AP) -- Global stock markets extended their shakeout into a second day Tuesday, plunging amid worries that a possible U.S. recession will cause a worldwide economic slowdown. The dramatic declines were expected to spread to Wall Street, where stock index futures were already down sharply hours before the trading day began.
Japan's Nikkei 225 index, the benchmark for Asia's biggest bourse, skidded 4.4 percent in morning trading to 12,738.31 points, after dropping 3.9 percent Monday. Hong Kong's Hang Seng index was down 5.2 percent after plunging 5.5 percent the day before.
"Unless we get some positive 'shock effects,' such as drastic measures from the U.S. government, there is almost no hope for a recovery in stocks," said Koji Takeuchi, senior economist at Mizuho Research Institute in Tokyo.
U.S. markets were closed Monday for a holiday commemorating civil rights leader Martin Luther King Jr. But Wall Street future prices were down sharply, portending a plunge when trading begins at 9:30 a.m. Eastern time.
Dow Jones industrial average futures were down 436 points, or 3.6 percent, at 11,670, while Standard & Poor's 500 futures were down 57.1 points, or 4.3 percent, at 1,268.
Markets have been plunging amid pessimism about the ability of the U.S. government to prevent a recession. The Federal Reserve has indicated it will lower interest rates further, and President Bush has proposed an economic stimulus package that includes $145 billion in tax cuts, but investors around the world are doubtful that the measures will lift the economy quickly.
The U.S. economy has been battered by a slump in the housing market and a credit crisis that has led to billions of dollars of losses among major U.S. banks.
In Europe Monday, investors also dumped stocks, sending the Britain's benchmark FTSE-100 down 5.5 percent and France's CAC-40 Index sliding 6.8 percent. Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19.
Takeuchi said investors feel that the selloff is spreading worldwide, setting off fears of a global downturn. Risks of economic contraction have been growing in Japan as both exports and consumer spending are weakening, he said.
Kirby Daley, strategist at Newedge Group, said the Nikkei could shed another 10 percent to 15 percent to the 11,000 level in the next few months. Japanese companies depend on exports and capital investments to keep up profits, and both are endangered if there is a U.S. slowdown, he said.
"The argument that valuations are cheap for Japanese stocks is flawed," Daley said. "The basis for those earnings valuations doesn't consider ongoing problems in the U.S. economy, which are likely to get worse."
Even usually upbeat Japanese Economy Minister Hiroko Ota acknowledged that downsides risks are growing, given the volatile markets and surging oil prices.
"The economy keeps recovering as recent production data show, but downside risks are growing these days," Ota told reporters.
Monday January 21, 10:34 pm ET
By Yuri Kageyama, AP Business Writer
Asian Markets Extend Losses Amid Worries That US Is Headed for Recession
TOKYO (AP) -- Global stock markets extended their shakeout into a second day Tuesday, plunging amid worries that a possible U.S. recession will cause a worldwide economic slowdown. The dramatic declines were expected to spread to Wall Street, where stock index futures were already down sharply hours before the trading day began.
Japan's Nikkei 225 index, the benchmark for Asia's biggest bourse, skidded 4.4 percent in morning trading to 12,738.31 points, after dropping 3.9 percent Monday. Hong Kong's Hang Seng index was down 5.2 percent after plunging 5.5 percent the day before.
"Unless we get some positive 'shock effects,' such as drastic measures from the U.S. government, there is almost no hope for a recovery in stocks," said Koji Takeuchi, senior economist at Mizuho Research Institute in Tokyo.
U.S. markets were closed Monday for a holiday commemorating civil rights leader Martin Luther King Jr. But Wall Street future prices were down sharply, portending a plunge when trading begins at 9:30 a.m. Eastern time.
Dow Jones industrial average futures were down 436 points, or 3.6 percent, at 11,670, while Standard & Poor's 500 futures were down 57.1 points, or 4.3 percent, at 1,268.
Markets have been plunging amid pessimism about the ability of the U.S. government to prevent a recession. The Federal Reserve has indicated it will lower interest rates further, and President Bush has proposed an economic stimulus package that includes $145 billion in tax cuts, but investors around the world are doubtful that the measures will lift the economy quickly.
The U.S. economy has been battered by a slump in the housing market and a credit crisis that has led to billions of dollars of losses among major U.S. banks.
In Europe Monday, investors also dumped stocks, sending the Britain's benchmark FTSE-100 down 5.5 percent and France's CAC-40 Index sliding 6.8 percent. Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19.
Takeuchi said investors feel that the selloff is spreading worldwide, setting off fears of a global downturn. Risks of economic contraction have been growing in Japan as both exports and consumer spending are weakening, he said.
Kirby Daley, strategist at Newedge Group, said the Nikkei could shed another 10 percent to 15 percent to the 11,000 level in the next few months. Japanese companies depend on exports and capital investments to keep up profits, and both are endangered if there is a U.S. slowdown, he said.
"The argument that valuations are cheap for Japanese stocks is flawed," Daley said. "The basis for those earnings valuations doesn't consider ongoing problems in the U.S. economy, which are likely to get worse."
Even usually upbeat Japanese Economy Minister Hiroko Ota acknowledged that downsides risks are growing, given the volatile markets and surging oil prices.
"The economy keeps recovering as recent production data show, but downside risks are growing these days," Ota told reporters.
QUOTE(Mangla @ Jan 22 2008, 12:18 AM)
Alot of foreign money has been pumped into market. Therefore it is really vunerable to crashes because of foreign speculators.
http://afp.google.com/article/ALeqM5hO7h0r...KBd6pyQcOKjB1gA
u r right. markets across the world have the same speculators as major players. therefore, no market can be insulated. even chinese markets face a mark down because of the export worried triggered by US slowdown. even Bank of China is suffering the write down problem.
QUOTE
Bank of China suspended in Shanghai pending announcement
57 minutes ago
SHANGHAI (AFP) — Trading in Bank of China was suspended Tuesday in Shanghai pending an major announcement amid reports it might post lower profits or even make a loss in 2007.
China's third largest bank could announce a significant writedown on its 7.95 billion US dollars of investments in securities linked to US subprime mortgages, Hong Kong press reported Monday.
Senior banking regulators have warned Beijing that Bank of China as well as the Industrial and Commercial Bank of China and China Construction Bank, would have to make provisions for all their subprime-linked assets, it said.
Bank of China stock has slumped since Monday on the newspaper report but the bank said Tuesday it was "not aware of any reasons for such movement," according to a statement filed with the Hong Kong Stock Exchange.
The Shanghai Stock Exchange did not provide further details regarding Tuesday's suspension.
An official with the lender only said it was reviewing its subprime investment portfolio and it was too early to talk about the financial results.
Hong Kong-listed shares of Bank of China fell 0.29 dollars (0.03 US cents) or 8.61 percent to 3.08 in Tuesday after losing 6.39 percent on Monday.
Shanghai-listed shares Bank of China tumbled 4.14 percent to 6.25 yuan (0.85 US cents) on Monday.
57 minutes ago
SHANGHAI (AFP) — Trading in Bank of China was suspended Tuesday in Shanghai pending an major announcement amid reports it might post lower profits or even make a loss in 2007.
China's third largest bank could announce a significant writedown on its 7.95 billion US dollars of investments in securities linked to US subprime mortgages, Hong Kong press reported Monday.
Senior banking regulators have warned Beijing that Bank of China as well as the Industrial and Commercial Bank of China and China Construction Bank, would have to make provisions for all their subprime-linked assets, it said.
Bank of China stock has slumped since Monday on the newspaper report but the bank said Tuesday it was "not aware of any reasons for such movement," according to a statement filed with the Hong Kong Stock Exchange.
The Shanghai Stock Exchange did not provide further details regarding Tuesday's suspension.
An official with the lender only said it was reviewing its subprime investment portfolio and it was too early to talk about the financial results.
Hong Kong-listed shares of Bank of China fell 0.29 dollars (0.03 US cents) or 8.61 percent to 3.08 in Tuesday after losing 6.39 percent on Monday.
Shanghai-listed shares Bank of China tumbled 4.14 percent to 6.25 yuan (0.85 US cents) on Monday.
Australain Market Has been in RED for last 11 days and has lost well over $150 Billion in trading during this time.
Middle East markets including Dubai have also been hit. It looks like a massive global slide. this is despite US market having been closed yesterday. The true slide will come after US markets open later today. Watch for that event.
QUOTE(btruant2002 @ Jan 22 2008, 06:42 PM)
Middle East markets including Dubai have also been hit. It looks like a massive global slide. this is despite US market having been closed yesterday. The true slide will come after US markets open later today. Watch for that event.
The fear of recession in USA and that Big Mortage crisis is not just hitting economies through stock exchange but through borrowing and lending rates as well. Last week all Australian Major banks increased the interestn rate due to it.
Almost all of the worlds bourses have gone down. Stupid republican party with its flawed economic plan.
I thought it was just the fact that they elected dumb ass bush.....and then they wonder why the economy is in free fall.
the stock market here is also crashing :'(
saturday it was around 11200 points , today its almost 9300 points [today alone the Saudi stocks lost 1000 points!!]
saturday it was around 11200 points , today its almost 9300 points [today alone the Saudi stocks lost 1000 points!!]
The KSE resumed its trading with around 200 points down but recovered in the mid of the session and closed at 91 points overall. Showing a relatively little impact of the world stock market plunge, the experts said Pakistani stocks experienced a minute effect as the country's economy is 'uncorrolated' with the rest of Asian markets. AFP PHOTO/Rizwan TABASSUM
An alternative to the US dollar needs to come about otherwise the world will allways be affected by whatever happens in the US. The only other thing that strengthens when the dollar weakens is gold. Maybe Islamic countries should setup gold dollar backed by gold, and all financial transactions should be done in that interest free!. Atleast this would create a stable currency for other countries to fall back on when the dollar i sliding. The currency would be attractive as well if the oil rich muslim countries did their oil transactions in it as well.
Any chance of the economic gians to switch from the US dollars to the Euros?
Because if the recesion hits, the US will be weak, strike the iron when its hot.
Because if the recesion hits, the US will be weak, strike the iron when its hot.
QUOTE(tauha @ Jan 22 2008, 10:27 AM)
The KSE resumed its trading with around 200 points down but recovered in the mid of the session and closed at 91 points overall. Showing a relatively little impact of the world stock market plunge, the experts said Pakistani stocks experienced a minute effect as the country's economy is 'uncorrolated' with the rest of Asian markets. AFP PHOTO/Rizwan TABASSUM
I think its mainly because we mostly sell (export) necessities, like food products, clothing, leather etc. (though I may be wrong). But somehow, Pakistan has not been affected nearly as much as other stock markets.
QUOTE(bojangles @ Jan 22 2008, 04:40 PM)
I think its mainly because we mostly sell (export) necessities, like food products, clothing, leather etc. (though I may be wrong). But somehow, Pakistan has not been affected nearly as much as other stock markets.
A recession when it finally sets in, as is thought very likely, will affect all countries that have export relations with the US. Because, the buying power goes down drastically and import priorities change. A weak dollar could also curb imports. The .75% interest rate cut by Fed -- in an attempt to stave off recession -- will increase money flow and contribute to further slide of dollar. that would contribute to strength of asian curreincies which is bad for exports. India is already facing that dilemma, because of the strong rupee. KSE luckily escaped the nasty end of the stock tumble because foreign funds may not have as big a role as in other asian markets. that way, some market insulation looks good for small investors.
But good news Wednesday morning has been the recovery of Asian markets, including Mumbai.
http://www.ndtvprofit.com/homepage/storybu...2010:54:00%20AM
QUOTE
Wednesday, January 23, 2008 (Mumbai):
Markets bounced back in the early deals of Wednesday with the benchmark index at 17,218 levels making a gain of 2.92 per cent or 488 points.
In the broader markets, Nifty is trading in green by 2.67 per cent. The 50-share index is trading at 5,029 levels.
Buying is evident in all the counters. Real estate, metal and banking indices are trading in the green by over 5.68 per cent each.
“I expect some amount of selling. Investors would also put money in the market today. I agree that US is having trouble but our companies are growing at good rate. It is not a doom day scenario for India and Indian companies,” said Atul Mehra, CEO, JM Financial consultants.
The Asian markets are also trading firm on Wednesday. Hong Kong’s Hang Seng is the biggest gainer, marking a gain of 5.29 per cent. Japan’s Nikkei and South Korea’s Kospi are also trading in green by over 0.32 per cent each.
Housing Development Finance, State Bank of India, Hindalco Industries and Grasim Industries are leading the positive sentiment in the BSE-30 pack. The stocks registered smart gains of over 5.57 per cent each.
Among the NSE-50 scrips, Punjab National Bank, Reliance Petroleum, Unitech and Tata Power are some of the key gainers; they gained ground by over 6.97 per cent each.
However, NALCO, VSNL, Wipro and Zee Entertainment are some of the key draggers in the broader index. The stocks are trading in red by over 3.76 per cent each.
Real estate gains
BSE real estate index firmed up by 4.80 per cent or 456 points is the biggest gainer among the sectoral indices. Oil & gas, banking and metal indices are also trading in green territory by over 3.12 per cent each.
Peninsula Land at Rs 85 surged 17.89 per cent or Rs 12 is leading the gain in the real estate pack. Omaxe (up 16.15 per cent), Sobha Developers (up 13.24 per cent), Parsvnath (up 10.52 per cent) and Unitech (up 8.22 per cent) are some of the key gainers.
Markets bounced back in the early deals of Wednesday with the benchmark index at 17,218 levels making a gain of 2.92 per cent or 488 points.
In the broader markets, Nifty is trading in green by 2.67 per cent. The 50-share index is trading at 5,029 levels.
Buying is evident in all the counters. Real estate, metal and banking indices are trading in the green by over 5.68 per cent each.
“I expect some amount of selling. Investors would also put money in the market today. I agree that US is having trouble but our companies are growing at good rate. It is not a doom day scenario for India and Indian companies,” said Atul Mehra, CEO, JM Financial consultants.
The Asian markets are also trading firm on Wednesday. Hong Kong’s Hang Seng is the biggest gainer, marking a gain of 5.29 per cent. Japan’s Nikkei and South Korea’s Kospi are also trading in green by over 0.32 per cent each.
Housing Development Finance, State Bank of India, Hindalco Industries and Grasim Industries are leading the positive sentiment in the BSE-30 pack. The stocks registered smart gains of over 5.57 per cent each.
Among the NSE-50 scrips, Punjab National Bank, Reliance Petroleum, Unitech and Tata Power are some of the key gainers; they gained ground by over 6.97 per cent each.
However, NALCO, VSNL, Wipro and Zee Entertainment are some of the key draggers in the broader index. The stocks are trading in red by over 3.76 per cent each.
Real estate gains
BSE real estate index firmed up by 4.80 per cent or 456 points is the biggest gainer among the sectoral indices. Oil & gas, banking and metal indices are also trading in green territory by over 3.12 per cent each.
Peninsula Land at Rs 85 surged 17.89 per cent or Rs 12 is leading the gain in the real estate pack. Omaxe (up 16.15 per cent), Sobha Developers (up 13.24 per cent), Parsvnath (up 10.52 per cent) and Unitech (up 8.22 per cent) are some of the key gainers.
QUOTE(Mangla @ Jan 22 2008, 05:18 PM)
Alot of foreign money has been pumped into market. Therefore it is really vunerable to crashes because of foreign speculators.
Good-- Any more good news of Indian market crashing down even further?? I hope it looses another 10 to 15% in one day and all these foreigners will run away as if there is no tomorrow!! Welcome to india!
QUOTE(Caesar @ Jan 23 2008, 12:35 AM)
Good-- Any more good news of Indian market crashing down even further?? I hope it looses another 10 to 15% in one day and all these foreigners will run away as if there is no tomorrow!! Welcome to india!
It doesn't look like its happening, Caesar. Investors are back in Mumbai buying up scrips especially infrastructure, banking and IT. Its power shares that are not moving back up, more an impact of reliance power IPO that got over subscribed in the first hour and ended up several time over the target. then expert opinion was that the power shares were getting highly over valued... will have to wait and see if power shares also make a come back now.
US govt has reacted in panic, but it has just delayed the "big crash" for some more time.
QUOTE(Caesar @ Jan 23 2008, 07:35 PM)
Good-- Any more good news of Indian market crashing down even further?? I hope it looses another 10 to 15% in one day and all these foreigners will run away as if there is no tomorrow!! Welcome to india!
Its a wishful thinking, you need to start making some responsible statement and come out of Kid-dom. Read some more news papers to start with.
Sensex ends 864.13 points up
23 Jan 2008, 1550 hrs IST,INDIATIMES NEWS NETWORK
MUMBAI: Sharp correction opened up the door of opportunity for investors to enter value stocks at attractive lower levels. Interest rate cuts in the US came as a confidence booster for the wounded bulls who shot back in action to take indices further higher.
BSE’s Sensex ended at provisional 17,594.07, up 864.13 points or 5.17 per cent. It touched a high of 17,997.11 and low of 16,951.03.
NSE’s benchmark Nifty closed provisionally 320 points or 6.51 per cent higher at 5218.25. It touched a high of 5,328.05 and low of 4,891.60.
It was the day for the midcap stocks as BSE Midcap Index outperformed rest of the market to close 8.15 per cent higher at 7,789.31.
Sterlite Technologies (up 41.88%), Peninsula Land (41.05%), Ispat Industries (30.56%), Ansal Infrastructure(30.24%), Mahindra Life (27.50%), Dena Bank (27.16%) and JP Hydropower (26.75%) were the major gainers in the midcap space.
Sensex Gainers were Reliance Energy (up 16.76%), NTPC (13.24%), Satyam Computers (10.25%), Bajaj Auto (8.59%), State Bank of India (8.56%) and Reliance (8.48%).
Market breadth turned negative on the BSE with 1302 advance and 1398 declines.
http://timesofindia.indiatimes.com/Busines...how/2725005.cms
Edited.
So now its 18,000 from peak of 22,000.
The market was over-valued, I think.
The market was over-valued, I think.
This Mumbai stock market or I usually call it the Animal Stock Market will crash soon as it has too much influcence from the Western markets. I hope it crashes big time--I want it to crash big time so that everyone there looses money--lots of money!!
QUOTE(Caesar @ Jan 24 2008, 11:32 PM)
This Mumbai stock market or I usually call it the Animal Stock Market will crash soon as it has too much influcence from the Western markets. I hope it crashes big time--I want it to crash big time so that everyone there looses money--lots of money!!
Ah! I guess you want to buy stocks then !!!.
Your point of too much interest from FII's is right to an extent as FII's invest money in countries where growth rate is higher than developed countries.
If they take out money then where will they invest then ?
Indian economy is on the upswing with consistent growth of around 9% every year. With stable government, and environment conductive to economic growth.
QUOTE(goodperson @ Jan 25 2008, 10:46 PM)
Ah! I guess you want to buy stocks then !!!.
Your point of too much interest from FII's is right to an extent as FII's invest money in countries where growth rate is higher than developed countries.
If they take out money then where will they invest then ?
Indian economy is on the upswing with consistent growth of around 9% every year. With stable government, and environment conductive to economic growth.
Your point of too much interest from FII's is right to an extent as FII's invest money in countries where growth rate is higher than developed countries.
If they take out money then where will they invest then ?
Indian economy is on the upswing with consistent growth of around 9% every year. With stable government, and environment conductive to economic growth.
India's economic growth won't really matter if world stock markets start dropping like rocks. All investors, all around the world would be taking out money, thus making everyones (including India's) stock market drop. Most investors pull out foreign investment in stocks first, so that means countries like India will have large drops.
QUOTE(bojangles @ Jan 26 2008, 12:12 AM)
India's economic growth won't really matter if world stock markets start dropping like rocks. All investors, all around the world would be taking out money, thus making everyones (including India's) stock market drop. Most investors pull out foreign investment in stocks first, so that means countries like India will have large drops.
Market pulled back as expected yestardays gain was a record.
QUOTE(goodperson @ Jan 25 2008, 11:34 PM)
Market pulled back as expected yestardays gain was a record.
Thats because the US market didn't drop (that bad) after MLK day.
QUOTE(bojangles @ Jan 25 2008, 11:36 PM)
Thats because the US market didn't drop (that bad) after MLK day.
yeah, as u said in ur previous post, if foreign FIIs smell something bad coming, they sell out their stocks first. then bonds etc. that will have a sharp impact definitely.
But an economy's fundamentals are what will ultimately hlep it recover from such a fall. steady growth and an environment percieved as condicive to investment will help gradually bring back the moneys pulled out in a hurry. thats why finance minister chidambaram was confident of longterm recovery.
QUOTE(Caesar @ Jan 25 2008, 03:32 PM)
This Mumbai stock market or I usually call it the Animal Stock Market will crash soon as it has too much influcence from the Western markets. I hope it crashes big time--I want it to crash big time so that everyone there looses money--lots of money!!
QUOTE(Caesar @ Jan 23 2008, 05:35 PM)
Good-- Any more good news of Indian market crashing down even further?? I hope it looses another 10 to 15% in one day and all these foreigners will run away as if there is no tomorrow!! Welcome to india!
So in other words you want famine, death and disease to occur? Your attitude is disgusting. Ceasar did you notice how you are the only one wishing bad fortune to others. I bet Skull-buster will join you soon once he discovers this thread.
You live in Sydney right? Hard to believe your not in jail for racism. How do you hold yourself back from not insulting others in a city so multicultural as Sydney?!
QUOTE(btruant2002 @ Jan 26 2008, 01:40 AM)
yeah, as u said in ur previous post, if foreign FIIs smell something bad coming, they sell out their stocks first. then bonds etc. that will have a sharp impact definitely.
But an economy's fundamentals are what will ultimately hlep it recover from such a fall. steady growth and an environment percieved as condicive to investment will help gradually bring back the moneys pulled out in a hurry. thats why finance minister chidambaram was confident of longterm recovery.
But an economy's fundamentals are what will ultimately hlep it recover from such a fall. steady growth and an environment percieved as condicive to investment will help gradually bring back the moneys pulled out in a hurry. thats why finance minister chidambaram was confident of longterm recovery.
India's stock market (like so many other nations stock market) did fall significantly, but the reason they've been recovering now is because the US stock market stayed relatively okay.
If I read the forum's description, it says that it's about PAKISTAN's economic news, not India's. Whether it's a good or bad news about indian economy, how does it concern us?
QUOTE(SCB1800 @ Jan 26 2008, 03:27 PM)
If I read the forum's description, it says that it's about PAKISTAN's economic news, not India's. Whether it's a good or bad news about indian economy, how does it concern us?
Because whether we want to think so or not, the world has become a global economy, and us, being part of that global economy are effected by what happens to others.
QUOTE(bojangles @ Jan 27 2008, 01:46 PM)
Because whether we want to think so or not, the world has become a global economy, and us, being part of that global economy are effected by what happens to others.
Precisely. :)
Good Indian economy = good Pakistani economy.
QUOTE(thunder_pak @ Jan 27 2008, 01:06 PM)
Precisely. :)
Good Indian economy = good Pakistani economy.
Good Indian economy = good Pakistani economy.
not neccesarily. indian economy can go down the drain while having little effect on Pakistan's economy. in some cases, we might benefit from indian economic collapse. just like foreign investors will invest in india if the situation in Pakistan is bad. the trade level between india and Pakistan is not high enough to cause considerable impact. however, gay losers like to believe otherwise.
india's economy is weak thats why such crash while pakistani market has little effect. thread should be pinned.
QUOTE(bojangles @ Jan 26 2008, 08:46 PM)
Because whether we want to think so or not, the world has become a global economy, and us, being part of that global economy are effected by what happens to others.
u right.. its like the the chill in New York becoming the sneeze in London and cold in south asia and fever in the southeast asia.
No economy will be isolated anymore... even china is facing the fallout of subprime meltdown.
only totally insulated and insignificant economies like myanmar or north korea will escape such influences.
QUOTE(ZJoseph @ Jan 27 2008, 10:11 AM)
india's economy is weak thats why such crash while pakistani market has little effect. thread should be pinned.
its an offhand comment. karachi market also suffered on the day mumbai crashed. the stock market reaction was because of the FIIs pull out of their money. but economic fundamentals are what sustain a market come back.
QUOTE(thunder_pak @ Jan 26 2008, 11:06 PM)
Precisely. :)
Good Indian economy = good Pakistani economy.
Good Indian economy = good Pakistani economy.
Not necessarily.
QUOTE(btruant2002 @ Jan 27 2008, 10:31 AM)
u right.. its like the the chill in New York becoming the sneeze in London and cold in south asia and fever in the southeast asia.
No economy will be isolated anymore... even china is facing the fallout of subprime meltdown.
only totally insulated and insignificant economies like myanmar or north korea will escape such influences.
No economy will be isolated anymore... even china is facing the fallout of subprime meltdown.
only totally insulated and insignificant economies like myanmar or north korea will escape such influences.
Yes, but you must remember that some economies won't be as badly effected as others (example being Pakistan's).
QUOTE(Skull-Buster @ Jan 27 2008, 09:23 PM)
not neccesarily. indian economy can go down the drain while having little effect on Pakistan's economy. in some cases, we might benefit from indian economic collapse. just like foreign investors will invest in india if the situation in Pakistan is bad. the trade level between india and Pakistan is not high enough to cause considerable impact. however, gay losers like to believe otherwise.
Just when i thought at least of your posts was decent and with out an insult i read the last sentence. Its amazing the way you simply, hate India. More trade with India should help both the nations prosper. India is right next door, which reduces logistical barriers and here we are thinking about a free trade agreement with the USA.
Drop the attitude, it's not nice, I have never insulted you, and you have already insulted a number of times. Now don't overreact and think about what I have said skull.
QUOTE(thunder_pak @ Jan 28 2008, 08:35 PM)
Just when i thought at least of your posts was decent and with out an insult i read the last sentence. Its amazing the way you simply, hate India. More trade with India should help both the nations prosper. India is right next door, which reduces logistical barriers and here we are thinking about a free trade agreement with the USA.
Drop the attitude, it's not nice, I have never insulted you, and you have already insulted a number of times. Now don't overreact and think about what I have said skull.
Drop the attitude, it's not nice, I have never insulted you, and you have already insulted a number of times. Now don't overreact and think about what I have said skull.
i dont enjoy wasting my time on people like you, but go back to post 35. i wasnt even in this thread, i only came when you personally mentioned abt me. if you want some, you will get some, no need to moan about it later on. you can believe whatever you want, i never even replied or quoted any of your post, i never even adressed anything to you, but its always you who quotes my posts and mentiones my name in threads where either im not there or i was talking to someone else. so either mind your own business or dont start ranting when i reply to you.
and btw, do you have even the basic knowledge in economics? how will trade with india help Pakistan? india has a more powerful industrial base, and if there is large scale trade between the two countries, the balance of trade would be drastically in favor of india. this means our balance of trade with india will be negative. so it will be india who will be benefiting not Pakistan. there is no link between the indian and Pakistani economy. thats why when in the 90s our economy was collapsing the indian economy was booming. and one big reason for that boom was the collapse of the Pakistani economy. besides that, the money which the indian govt will earn will be used to either buy weapons to use against us or used to fund the indian army which is raping and killing our brothers and sisters in Kashmir.
QUOTE(Skull-Buster @ Jan 29 2008, 01:52 AM)
i dont enjoy wasting my time on people like you, but go back to post 35. i wasnt even in this thread, i only came when you personally mentioned abt me. if you want some, you will get some, no need to moan about it later on. you can believe whatever you want, i never even replied or quoted any of your post, i never even adressed anything to you, but its always you who quotes my posts and mentiones my name in threads where either im not there or i was talking to someone else. so either mind your own business or dont start ranting when i reply to you.
and btw, do you have even the basic knowledge in economics? how will trade with india help Pakistan? india has a more powerful industrial base, and if there is large scale trade between the two countries, the balance of trade would be drastically in favor of india. this means our balance of trade with india will be negative. so it will be india who will be benefiting not Pakistan. there is no link between the indian and Pakistani economy. thats why when in the 90s our economy was collapsing the indian economy was booming. and one big reason for that boom was the collapse of the Pakistani economy. besides that, the money which the indian govt will earn will be used to either buy weapons to use against us or used to fund the indian army which is raping and killing our brothers and sisters in Kashmir.
and btw, do you have even the basic knowledge in economics? how will trade with india help Pakistan? india has a more powerful industrial base, and if there is large scale trade between the two countries, the balance of trade would be drastically in favor of india. this means our balance of trade with india will be negative. so it will be india who will be benefiting not Pakistan. there is no link between the indian and Pakistani economy. thats why when in the 90s our economy was collapsing the indian economy was booming. and one big reason for that boom was the collapse of the Pakistani economy. besides that, the money which the indian govt will earn will be used to either buy weapons to use against us or used to fund the indian army which is raping and killing our brothers and sisters in Kashmir.
India won't exactly mess/threaten Pakistan if we aim to boost our relations matey. I'm not saying do all trade. Do you really think our trade negotiators will allow/put Pakistan in a situation where an untrusted India will create problems, that is why we have teams of diplomats/trade negotiators you see. Seems you haven't heard of the term "relations".
Think about it, a peaceful and truthful relationship between India and Pakistan. That's my vision. Pakistanis/Indians fought the goras and earned independence. We fought, but those days are gone. These are prosperous times, not the time for warmongering especially for poor countries like Pakistan and India. Goras stick together (NATO/ANZUS), why shouldn't we?!!
QUOTE(Skull-Buster @ Jan 29 2008, 01:52 AM)
i dont enjoy wasting my time on people like you, but go back to post 35. i wasnt even in this thread, i only came when you personally mentioned abt me. if you want some, you will get some, no need to moan about it later on. you can believe whatever you want, i never even replied or quoted any of your post, i never even adressed anything to you, but its always you who quotes my posts and mentiones my name in threads where either im not there or i was talking to someone else. so either mind your own business or dont start ranting when i reply to you.
and btw, do you have even the basic knowledge in economics? how will trade with india help Pakistan? india has a more powerful industrial base, and if there is large scale trade between the two countries, the balance of trade would be drastically in favor of india. this means our balance of trade with india will be negative. so it will be india who will be benefiting not Pakistan. there is no link between the indian and Pakistani economy. thats why when in the 90s our economy was collapsing the indian economy was booming. and one big reason for that boom was the collapse of the Pakistani economy. besides that, the money which the indian govt will earn will be used to either buy weapons to use against us or used to fund the indian army which is raping and killing our brothers and sisters in Kashmir.
and btw, do you have even the basic knowledge in economics? how will trade with india help Pakistan? india has a more powerful industrial base, and if there is large scale trade between the two countries, the balance of trade would be drastically in favor of india. this means our balance of trade with india will be negative. so it will be india who will be benefiting not Pakistan. there is no link between the indian and Pakistani economy. thats why when in the 90s our economy was collapsing the indian economy was booming. and one big reason for that boom was the collapse of the Pakistani economy. besides that, the money which the indian govt will earn will be used to either buy weapons to use against us or used to fund the indian army which is raping and killing our brothers and sisters in Kashmir.
India won't exactly mess/threaten Pakistan if we aim to boost our relations matey. I'm not saying do all trade. Do you really think our trade negotiators will allow/put Pakistan in a situation where an untrusted India will create problems, that is why we have teams of diplomats/trade negotiators you see. Seems you haven't heard of the term "relations".
Think about it, a peaceful and truthful relationship between India and Pakistan. That's my vision. Pakistanis/Indians fought the goras and earned independence. We fought, but those days are gone. These are prosperous times, not the time for warmongering especially for poor countries like Pakistan and India. Goras stick together (NATO/ANZUS), why shouldn't we?!!
Now i know what your response will be to my (rhetorical) question? because they are bhangess, bhindian, scum etc etc... am i right?!
So please be tolerant.
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