BSE loses 1408 Points - Whom are we kidding ?

Wow...finally the problems with the US Economy has reached the Indian stock markets. Amazing it might sound, considering the world we are living in today ! ( Indian villages know what toilet paper America uses on a day-to-day basis, thanks to those live TV channels and the Internet).

And yet - All of a sudden, the Indian stock market falls dramatically on the sub-prime meltdown here !

Whom are you guys kidding - I mean you, the big time brokers, FII's. Don't fool the public. You are playing all these games and you want us to believe that finally..I mean finally the world/India is catching up on the bad news in US.

MUMBAI: The contagion effect of U.S. bad loans dealt a big blow to Indian retail investors on Monday as the domestic benchmark stock index, the BSE 30-share Sensex, lost 1408.35 points or 7.41 per cent to close at 17605.35.

This was the largest ever fall in the history of the Indian stock index, which crossed 21,000 points only a few days ago.

The NSE 50-share Nifty lost 496.50 points or 8.70 per cent to close at 5208.80.