its bleeding… if things goes like this, the Dow Jones Industrial Average will come to zero in 25 days.. I dont think i will ever see this kind of turmoil in my life again..
the Major problem of this crisis is FEAR…and since FEAR is intangible, nobody seems to know how to tackle it. A $700 billion bail-out is not going to wash away that fear from the minds of investors. It is more like this – a society is facing a contagious disease and the community knows someone of that community has that disease, but they dont know who is it …so everyone is afraid of coming out of their - just keeping to their home..
here….people are afraid of coming back to the wall street, they dont have any courage left to buy any share however attractive they look fundamentally…
if situation goes like this….economic fundamental outlook will have to be changed..because what we believed to be a good buy is not even worth looking at these times..
World has seen many kind of economic crisis over the past few decades, last of it being Dot-Com Bubble. The present situation is very different from those crisis in many ways. The most important differentiating factor in this crisis is that there is no hide outs in the market. Almost every sector is getting beaten out of shape by the sheer lack of liquidity and fear phenomenon. People are taking whatever profit they have and are running away from trading floor as far as they can. Some of them who are still optimistic are trying their luck in Gold which is free from the usual market pressure.
World is slowly walking into a period of Recession..What and who comes out of it as the leader is anybody’s guess..it could be China, it could be India….. it could be anyone else.. The coming days are going to be fearful, but interesting as far as economic world is concerned.
i think pharmaceutical companies can make huge profit as more and more people need the help of drug to keep their sense..lol
| 
