the Finance Minister and the SEBI Board should be SACKED when the Finance Minister comes in the press and advices the small investors to sell their shares and back out from the wild rally (were the stock market went up 1700 points, approx.). As regulators it is their job to keep law and order and the companies which had the max volatility durning this time, in terms of price, must have mad the most profit and the big brokers.
I do not condemn SEBI for their announcement and also do not condemn the FM for his reaction, though I believe it could have been done in a different manner, but then every thing has many ways of being conducted... But I DO CONDEMN every person who condemns them because their statements are only because they lost money...why did not these same people speak all this while like me why is the mkts going up all the time along with commodities. everything in life seems to be going up where is the hedges?? like in previous market movements. gold, copper, oil is at all time high, equities are at all time high..when did high oil prices be good for economies.. This is the end..will post a messgae after 6 months ..HOPE I AM WRONG.. the last time i said this 6 months back.. i got an interview with BBC hindi news!!! abt NORTHERN ROCK CRISIS!!!
FM had made minimum 500 crores today and y'day combined. There is rumour that shorters were badly trapped and they were loosing 2000 crores so what they do they give 500 crores to influential peoples( read fm and sebi) and got their positions out and even would had made money. it could be a certain possibility. you will see tomorrow the market would gap up.
Its only our finance minsiter who is benefitting from the stock market. He makes money indirectly by trading in stocks through other peoples (naming them as FII) and directly by earning huge amount in form of service tax, sebi tax and STT.
RE:STUPID ADS BY STUPID PEOPLE
by bhaskar on Oct 19, 2007 12:25 AM Permalink
Just absurd. WHAT THE HELL DO THIS AD MEAN.... JUST DON'T HAVE ENOUGH PATIENCE TO C THEM
RE:STUPID ADS BY STUPID PEOPLE
by G2 on Oct 19, 2007 02:31 AM Permalink
I can rank rediff among top 10 in the country for its content but for presentation and usability its among bottom 10 in the world.
