Saturday, October 11, 2008

Stock Market Woes. .

The Global Financial Crisis Escalated Like Never before When Yesterday The BSE Closed At Well Below The 11K Mark. .
This Crisis Was Bound to Destroy the Lives of Million’s of People and It did .
One Of The Cases That I Got To Hear In The Last Few Days Was Of Mr. Karthik Rajaram who Ended His And His Wife ,mother-in-law And Three son’s Life Cause He Could Not Deal With The Financial Crisis that Hit Him Following The Wall street Crash.
Another case was of an NRI family Residing In Los Angeles. Where The Guy Working At A reputed Organization Lost His job as the company closed down again following the market crash. The family was forced to leave their home as they were not able to pay back the loan amount.
What happened to the NRI Family was completely unfortunate , however , I do not have any sympathy for Mr. Karthik Rajaram. I mean, such an Market familiar person should be well aware about the inconsistent nature of the Stocks . And what he did with his wife , mother-in-law and three sons was completely unacceptable.
Instead of playing with the market people can put their intelligence to some better option of making money.
We must understand that where on one hand the stock market can make you a king it can also drop you hard .

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