Yes. I do agree with you even. But let me share about maipulations little more.
The investors should relaise that when you fall from 3000 or 2000 index, the pain is lesser than when you fall from 20000 index. The investos should realise that it was fully appearing that stock has reached its peak. Here it was expected that a investor had to take a very calculated step, which was not done and the effect is all known now.
Even FM has categorically said many times that at this peak, we need a regulator unlike the earlier situation.But hardly he did any thing on this. So he knew this to happen and should own the entire responsibility.
Another aspect which is never given heed to by RBI / FM is that the accounts of every company is manipulated every time and the professionals who certify them are not bothered aboout the correctness because to oblige their clients or maintaining their pay packet. You know man this is very ridiculous to say that when the foundation is not correct and then when something happens wrong, then analyst's start opining that the mistake is that or this.
Grow up investors man. It is all herd mentality and it is very difficult to come out of this sin.
Further there is press, which will caryy some mechanism to damage the entire system more. They will publish some baseless, non-sense news that some body has committed suicide or one saying that he did not listen to his wife or parents etc etc and he lost so much.
