Tuesday, October 16, 2007

Stock market indices reflect the state of the economy in the longer run

Honestly, who is making money these days?
Like Cade in King Henry VI, you may fear ‘neither sword nor fire,’ but being ‘whipped three market-days together’, as the Bard’s Dick says, could be real trouble.
To help, Boult volunteers in Pericles, Prince of Tyre, “Shall I search the market?” It is doubtful, though, if Boult’s exercise would yield answers that you badly look for, especially if, like Launce in The Two Gentlemen of Verona, you are frightened of ‘the hangman boys in the market-place’ who had stolen ‘the other squirrel’!
So, we go to Krishna Kumar Karwa, Managing Director of Emkay Share & Stock Brokers Ltd, Mumbai, to get clarity on pressing questions about the soaring bourses.
He is a chartered accountant with about two decades of experience in the capital market across research and risk management, portfolio and corporate advisory, who co-founded Emkay in 1995 along with Prakash Kacholia.
Well, here is Krishna handling, over the e-mail, a rapid volley of posers from Business Line.

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