Well the sub-prime mess in the US is affecting India but it’s not rationale. Only 2% of all home purchases in India are funded with a mortgage so what’s the problem folks? I don’t think India needs to pay for the US sub-prime mess and it should not be reflected in our stocks. Those obnoxious speculators need panic situations to make money selling short and are creating it worldwide. Repeat after me – there is no connection between sub-prime rich US and non-sub-prime India.
Spreading panic makes these speculating clowns money because as investors sell their short positions make money. These vermin switch to the long side when the panic dies down actually buying the same stock back at a discount to true value. Let the vermin scurry about - I remain a bull as always.