All indicators point to high inflation, severe recession, stocks markets completes its bear rally, Sensex ready for wave 3 free fall
Babu Ghanta
Jun. 2, 2009

Mahindra & Mahindra, India's largest utility vehicles and tractor maker, said its domestic sales fell 14 per cent in May. Prices are skyrocketing. Government employees are gaining big increments and bonuses. But the rest is falling apart. The Indian economy is showing false signs of hope. The main street is hurting badly. The Dalal Street is rejoicing with hope American hedge funds will give them a ride of their life time coming from the blue.

The Bombay Stock Exchange's benchmark Sensex climbed to a nine-month high, gaining over 281 points in early trade on Monday, with metal and realty stocks leading the rally, supported by firming global equity markets. The 30-share index, which had gained nearly 1,040 points in the last three sessions, jumped 281.56 points, to 14,906.81, a level last seen in September 2008.

Utopia happens in mob mind. Miracles seldom become reality. The Sensex is all on a sudden challenging the 15,000 mark doubling within two months. The bear rally is real and is precursor become all hell fall lose and floor of the stock market disappears.

The euphoria is real. The economic reality does not support that. Sensex is ready for a free fall again, this time far more sever.

All indicators point to high inflation, severe recession, stocks markets completes its bear rally, Sensex ready for wave 3 free fall.

All indicators point to high inflation, severe recession, stocks markets completes its bear rally, Sensex ready for wave 3 free fall
Babu Ghanta
...domestic sales fell 14 per cent in May. Prices are skyrocketing.
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