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Monday, May 17, 2004

Market crash due to FII 'influence': CPI-M 

CPI-M has this to say about the stock market crash today - 786 points and counting: Market crash due to FII 'influence': CPI-M

Now that should be obvious, market sentiment is negative because of the comments made by the left parties even before government creation. Since no one knows what to expect from this Congress led aliance government, there is uncertainity. Markets don't like uncertainity, hence the crash. And since FIIs are the biggest investors they are fleeing the markets before they lose more money. If the lefties had their way, there would be no speculation in the stock market. Is that what we want?
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