Friday, June 6, 2008

As i had said : Markets fell by 5% at very start of June Series


Sensex fell by 5.2% at start of June series
wheras Nifty fell by 4.98% . In my last post i had forewarned about markets being edgy in this June.
Those who heeded the advice and went short must be laughing their way to banks even as markets r bleeding bigtime !

Also its nice to see the gov finally increasing the retail price of petrol & diesel. I had argued passionately on the necessity of such an increase in my post "Impact of weak dollar on oil prices"

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