THE INDIAN MARKETS RELENTLESS FALL DESPITE OF 7-8% GROWTH!!!!!!!!!
BECAUSE THE GROWTH HAS EXTERNAL DEPENDENCIES....LIKE...OR DON'T LIKE....
THANKS TO BUSINESS LINE....
For now the rise of hopes has been spooked by the rate cuts of EURO zone nations. The France and Astria and other nations credit ratings were stripped down. There are 19 nations on the negative watch list.
The borrowing cost of the Sovereigns and the Companies will increase, leads to a vicious cycle of pressure and failure impacting the performance of the companies, the workers and the nation as whole.
The fear factor of DOWN grade, in the spines of our FM and Japan PM, calling for fiscal prudence.
So our markets may take longer period to cope up with the external pressure, may cap the rise and the speed of recovery. For now the the bottoms are in place but sustained pressure can make the fissure wide-open for a free fall.....
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