Wednesday, May 13, 2009

Here we go again

The reason for Monday's fall in the Sensex is the "uncertainty over government formation". Which brings up the question: what was the level of uncertainty a few days ago, when the Sensex was moving upward? I don't know who is to be blamed for this: the market players who try to pass off such after-the-fact rationalizations, or the reporters who quote these jackasses mindlessly.