Year 2008- explodes the packet of SHOCKS !!!

It is for the second time this year, the Sensex closed below the 10,000 mark. No one can predict anything substantial at this moment as the period of uncertainty will last a while. Life below 10,000 is the bitter truth and it’s something that those in the markets and the financial services industry will have to be contend with. “It is a colourless Diwali, this year,” says stockbroker Alok Churiwala.Rupee opened trade on Friday at a record low of 50.15 per dollar, weighed down by heavy losses in Asian stocks which raised worries of more outflows from the local share market. Uncertainty is never the best situation to be in and most in the market are caught in this whirlpool. This Diwali wont bring a break to the people but the basket of sweets is likely to hold the grievances and woes of many.The real income is down to about one-tenth of what people had.The moment of candour had made investors opt for other modes of earnings which they never dreamt of.

But as its rightly said, the bad times don’t last too long. Sensex below 10,000 mark is definitely a matter of concern but this is not the right time to panic. Our Finance minister P. Chidambaram said on Thursday that there was adequate liquidity in the banking system and he has advised banks to lend aggressively. Hard times always lead people to make smart decisions.Its already seen in the past that markets have recovered even after the Sensex was marked at its lowest.All what is required to be done is to calm down and watch the Sensex !!!!!!