Monday, November 30, 2009

Markets waiting for Bad news

On friday, Dubai debt crisis came as a bad news for the market to tank around 600 points initially. However, market picked up at the close recovering around 400 points. Today ,being the first trading day of the week, market surged 300 points . Without even bothered about so-called any bad news floating in the market circle. On Friday, it was India's largest financial instituition,LIC, and other mutual funds invested heavily when the market was crashing. In order to enter the market, any bad news is treated as the good news from the investor point of view.