The Boom is likened to an Uptide.
The Recession is the Downtide.
Now the Sensex has fallen from a high of 21232 and it now a Downtide. The subprime in the US, the rising price of crude, India's deceleration, the rising rupee - all these are factors that led to the Downtide.
The Downtide is very dangerous. Look at Suzlon, which was languishing at 1300. Now it is less than 300 ! Look at the investors who did not sell L&T at 4200 ! Now it is at 2700, a loss of 1500 points. Or ICICI Bank, which went upto 1300. Now it is 870 odd !
One can be washed away by the Downtide. So please exercise prudence and restraint, while investing.
The Dow opened today 120 points down and is now less than 12 K.
Americans are not worried about a Recession, they are worried about a Depression !
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