When the markets tanked (Sensex at 17,000 )sometime back ,Carry Traders came in and pushed it up to (Sensex - 21,000). They also pushed up the inflation in entire Asia. Now after Eyptian Crisis (fueled by inflation), the Carry Traders are now back to home. Thanks to them, the Sensex has tanked again to 17,000 levels.
Who is to pay for the difference of (21,000 - 17,000)? Poor Middle Class Indians, mainly due to inflation.
This brings me to remember the monkey story about the stock markets. Have you heard it?
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