Indianexpress.com : comments : Sensex closes over 150 pts down

You are here: IE » Story » Comment »

Sensex closes over 150 pts down

Bangalore, November 14:: The BSE benchmark Sensex fell 1.58 per cent on Friday to their lowest close in more than two weeks as the gloomy global economic outlook wilted early gains, with wary investors eyeing this weekend's G20 meeting for some direction. Infosys Technologies dropped 3.3 per cent to a one month closing ....Read more

Comments

Post comment

1 Comments |

Time for a commoners' accreditationBy: Fareeda Rehman | Friday , 14 Nov '08 14:47:34 PM Reply | Forward Indian stock-market players appear to have suddenly become wise. They are ignoring the desperate acts of most of the foreign stock markets. Thats a good sign. A sign of realisation that things are never going to take off - that there won't be anything absurd like bottoming out or other maliciously misleading terminologies, those that presupposes some kind of balance for the markets. In fact the whole problem may lie there - by failing to recognise that markets are a kind of ecosystem - where smart ones succeed by putting the lesser wittier ones at peril. The end game however is that everyone loses. Its nice that the endgame is in sight. Some say that it was because of collusion of US with oil barons to insist on trade with dollars that the crisis arose. That cannot have such linkages. It would be prudent now, only by resolving to go local or again play global. If global is the preference, there should be global governance mechanism and global currency. If its local, there should be insistence on sustainability and inclusive participation. Which means the world has matured, growth has stunted, and now is the time to become wise - for which markets need to be sidelined completely from entering centre-stage. The world is wiser than the foolish advertisements of markets. Either way ordinary people should now hold the vote - no longer experts. Institutions and universities churning out experts are to be accredited by commoners now - for putting the entire world at huge risk.

Post a Comment

Name:

Email:

Title:

Maximum characters allowed

Comment:

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.