Middle of Nowhere

We are living in interesting times. It is not long before stock markets were touching new peaks, everyone was in the race of predicting new sensex highs of 25,000, 30,000 by mid-2008. And then evil of Subprime Crisis raised its head. Earlier, everyone was talking about how decoupled our Indian markets are from those in the west and how India will stay unaffected by the problems of west. How wrong they have been proved? As I write this post, sensex and nifty both have lost the gains they have made during the 2007 bull run.

Current credit crisis has shown that how far we were from reality. Nobody has been left untouched. Markets around the globe reacted badly and posted major losses since the beginning of this year.

With major movers and shakers being history now and humbling of those left, and what experts have already started calling it "End of Wall Street", see here, here and here,

maybe we'll see rise of new financial world order.

They say, "House always win". As we see curtain drawing on wall street circus, we will be closely following the events and preparing ourselves for what may be the next and even bigger "House", apparently a rigged one.