random toons

Saturday, June 10, 2006

The Sensex....down the drain...

BSE index dropped a hefty 700 points in a bliff. The former rise was because of a global trend. I caused oil prices to rise, gold to be more expensive, other metals, silver and aluminium, also got costly. Iron soared the skies.

All this was a result of heavy industrialization all over the planet. In India too, FII's are investing pretty much and setting up industries. They require metal for the builtings and structures. In a fashion, so, all the metals were costly.

But the recent decline got everything down to the ground. The bull is down. Gold is 8000 something from 11000 a couple of weeks ago.

Anything that goes up, must come down. So did the market. Its a law of equillibrium.