A reader sends in a BBC article: Indian investors despair as shares fall.
No one had expected the impact from falls in regional markets to be so pronounced in India.
Some were even targeting the new statue of a bull placed outside the Exchange - saying it was inauspicious.
"Ever since the authorities here put the bull up outside the exchange, we've had bad luck," said Kaushik Vyas, a day trader in Mumbai.
"The gods are punishing us for our arrogance . We put up a bull and no bear? Did we think we could tempt the fates like this? We have to bring the bull down."
Yeah, maybe they should bring the "bull" down!
Wednesday, January 23, 2008
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