the levels of hysteria that are on show on the business news channels on TV regarding a relatively modest drop* in share prices over the past few months are getting ridiculous. to paraphrase a wise internet fish, it’s like no one has any medium term memory anymore.
that chart shows an approximate return of 33%. banks give a return on your mid-term deposits that are in the range of 9%.
if so-called ‘investors’ are not happy with a return of 33% for a year, there’s only one reason and that is pure unadulterated Greed. which is the primary reason that capitalism, in almost all shapes and forms, sucks like a black hole.
similarly, one can have lots of fun with the ‘Nifty’ broad-based index as well
(Disclosure: Both my parents now work in Stock Market – related activities, and i’m really depressed about that)