Bull-ocks! to the Bear ...

SENSEX

FTSE

NASDAQ

Three cheers for the Stock Market! After an all time low from 10th May due to a move to increase the interest rate in the USA, the world market took a sharp plunge and the investors were almost on the verge of breaking apart. But from 15th June onwards the investors shrugged the interest rate dilemna and continued to invest, breathing life into the already dead stock market. Referring to the above graphs from FTSE(London), NASDAQ and SENSEX (in no particular order), it can concluded that the market is out of the correction period and is ready to play the game again.

I am in Kuwait with my father for a trip to the east, but the market phenomena does not bother the people in Kuwait (well as far as I know). I met my fathers colleague here, who has stepped out of the market in 2001, due to huge losses he incurred. Finding this as an oppurtunity to share views with a market veteran led me to belive that this sharp rise in world market is only a short-term happiness as it might change its direction if the U.S. govt decides to increase the interest rates further (NOTE: this guy is a true pesimist! I hate him.) Anyways, people try to go with the ,market of investing now I would suggest you to be with what you have. No one knows where will it take us. Happy Summer! Its 48 degrees celcius here.