quasi in rem

Monday, May 17, 2004

^Sensex continues to plummit...

After losing 15% of it's value in just a couple of hours, the Bombay index closed today.

Prior to the election the marklet was trading steadily at around 5500 points. It has closed at 4282 today.

While I understand a slaight market shift due to the election, this seems to be somewhat out of hand. On the other hand. The Sensex has increased almost 100% since last year so maybe this is a rezlization of some of the irrational exuberance that had gripped the market in that time.

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