Wednesday, January 10, 2007

Good or Bad

Last year was quite something for anybody who invested well in the Indian stock exchange. The BSE started the year at around 10K and ended around 14K, thats a 40% increase in just one year! WOW!!

No surprise that our economy is on steroids. Since we are performing so well, its obvious that we will get more sponsors, so to speak. Everybody is taking a piece of the NSE and the desi companies are only more than happy to sell their stake. Now, this is not very thrilling news in my opinion. The US generally has this philosophy of taking what it wants and then leaving the other party high and dry. I hope they don't do the same with our economy and even if they do I hope we can withstand this. After all, no matter how much you study and not speculate, the big guns always decide the course of the market. :-(

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