Federal banks of the world came up with rate cuts left and right, BUT….
investors are still running away from the market taking whatever they can grab for the moment…..FEAR, noone is ready to take that over night risk of holding anything…
DOW and other US and European and Asian and Pacific Indices crashed…some of the Asian ones were shaved to their bone..Russian market shutdown till friday…
economics is creating a time machine to go back to 1939s….
Emvergency meeting of Indian Government says India is immune…..i hope they are saying what they see……i still fear for some of the Indian Private Banks and some of the Indian brokerages…
Situation of the world economics is taking an interesting turn asthe world leaders are groping in dark, wondering what to do next…some experts are of the opinion that rate cuts after rate cuts are needed to stem this free fall of indices and recommit some traders to the trading floor….and to churn that wheel of economics once again..
these are strange times…
Mohammed Mansoor Asghar Peerbhoy is now said to the Techie brain of Indian Mujahideen, who send all those warning mails just before the blasts in various Indian cities. I just dont understand how can such a person with enormous tech wealth be brain washed by some chronies.. ????? maybe, phenomenom called religion is too powerful even for the greatest tech mind of India can comprehend….
Well, one thing is sure …. if he is the man behind those terror mails, he is not a brilliant genius as these Indian news channels like Headlines Today are bragging about. I say that because….how can a person ignore his foot prints so neglectfully after sending those kinds of terror mail.. After all, world has seen many virus attacks before- some of them really caused Global trouble and the culpirts on those occassions were not able to get traced by the brilliant international tech agencies. Truth being that…i refuse to believe that a techie of such brilliance as bragged by the Indian news channels were netted by the Indian police, who i dont think can do what a better international agency couldnt do in the case of worldwide virus attacks.
well…miracles can happen
after all, Indians are good at computers…maybe someone in Indian intelligence agency is good enough to track such miscreants..
Indian government ended up baning the exit polls thingy of news channels [many thought they were going to ban the Bajrag dal, members of which recently vandalised many christians and raped one nun in orissa] ….clearly shaving away much of the news TRP during the election season – what is Indian government thinking ? Indian public is so dumb to believe these kinds of election polls made by some idiotic people in some newsdesk ? what an insult to the Indian public…
a national holiday…..a day when India takes on Australia in their first test match in Bangalore…..clearly, it will take TRP of Neo Cricket – sports channel which broadcasts the India-Australia series in India. I just hope Neo cricket will follow the footsteps of ESPN-STAR, which shows cricket, and not the footsteps of SONY MAX, which is notorious in their cricket broadcasting by just showing the 6 balls in between 3-4 advertisement campaigns..
Dow Jones went down another 400 points as financial quakes continues. Investors are running away from their trading floor while some find hiding place in Oil and Gold rooms. Hopes are getting the shape of distant dream as supports after supports breaks. Another casuality of this tectonic financial crisis is Washington Mutuals, as they decide to auction off their business.
Many feel markets will find the bottom with this crisis, but many others are of view that this is historic times and will see some more ground shaking falls.
Lehman Brothers !
This name provided the biggest ripple across the global markets in 2008 so far. It is a historic day for the financial world, as it saw the tanking of one of the oldest and respected firm in economic history of the world.
its fear all over the world. Everyone is sitting on the edge of their seats – sitting tight – but, keeping a finger on the sell button of the trading software.
what world wants to know is who is next ? Is it AIG or Goldman Sachs or Morgan Stanley or someone else …
Only hope remaining is that perhaps when dust settles we will reach the footsteps of a bull market.