By Manish Anand
Are the stock markets places for big gamblers to swindle novice investors' hard earned money? The answer will be clearly yeas, if the turn of events of the past two years are deeply looked into.
The Prime Minister Manmohan Singh in his one of foreign visit last year had called the US economy a "casino economy". With his vast experience of managing the economy, he had hit the bull's eye with his statement.
The economy, whose barometer happens to be the stock market and which plays into the hands of big manipulators who could keep the market swinging into a range, has to be dubious and fallacious. With the stock market tanking from January 2008, the countries worldwide have reached stage where they are witnessing largescale lay-offs. Were the fatly paid top management of the corporates taken unaware that a cyclical slowdown could be in the offing. If they can not forsee the future challenges, they better need to find an alternative employment.
Hedging and pledging in equities and foreign currencies became the major tools of the corporates in the recent times. The corporates have been hedging their shares against financial loans in place of the traditional method of mortgaging the real assets. The banks and financial institutions are taking deep cuts thanks to the shares quoting at unbelievable prices. What kind of business model is this on their part, which resulted in the money eventually being sucked out from the economy?
The Udayan Mukherjees and Mitalis of the CNBCs take the command of this great gambling bazaar along with their associated who call themselves an expert but are always proved wrong on their predictions. Listen to them and follow their advices, you will have no better ways to put your hard earned money on fire. Also, the people around see you miser day by day and find you diseased.
What is the logic behind a particular share swinging from Rs 88 to Rs 138 and then back to its level in a span of two weeks, while continuing to do so consistently. Be a good gambler and then come to this world of great casino, else no one helps as even the government and the market regulators are seen just to be the accomplices of the great gamblers.
Are the stock markets places for big gamblers to swindle novice investors' hard earned money? The answer will be clearly yeas, if the turn of events of the past two years are deeply looked into.The Prime Minister Manmohan Singh in his one of foreign visit last year had called the US economy a "casino economy". With his vast experience of managing the economy, he had hit the bull's eye with his statement.
The economy, whose barometer happens to be the stock market and which plays into the hands of big manipulators who could keep the market swinging into a range, has to be dubious and fallacious. With the stock market tanking from January 2008, the countries worldwide have reached stage where they are witnessing largescale lay-offs. Were the fatly paid top management of the corporates taken unaware that a cyclical slowdown could be in the offing. If they can not forsee the future challenges, they better need to find an alternative employment.
Hedging and pledging in equities and foreign currencies became the major tools of the corporates in the recent times. The corporates have been hedging their shares against financial loans in place of the traditional method of mortgaging the real assets. The banks and financial institutions are taking deep cuts thanks to the shares quoting at unbelievable prices. What kind of business model is this on their part, which resulted in the money eventually being sucked out from the economy?
The Udayan Mukherjees and Mitalis of the CNBCs take the command of this great gambling bazaar along with their associated who call themselves an expert but are always proved wrong on their predictions. Listen to them and follow their advices, you will have no better ways to put your hard earned money on fire. Also, the people around see you miser day by day and find you diseased.
What is the logic behind a particular share swinging from Rs 88 to Rs 138 and then back to its level in a span of two weeks, while continuing to do so consistently. Be a good gambler and then come to this world of great casino, else no one helps as even the government and the market regulators are seen just to be the accomplices of the great gamblers.
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