Market lives on hope and market thrives on emotions, ignoring technicals & economic reviews. It is so akin to our ordinary daily life emotions. When the chips are down, what is there to sustain us. HOPE and only HOPE. So is the market.

In a scenario where economies are so integrated to each other, we can no longer cocoon ourself to a corner and insulate ourself from what is happening around. And however much one may love or hate the capitalist system of the United States of A, we cannot wish away the fact that, the world is so dependent on the consumerist society that exists there - whether it is real estate, retail, energy or drugs or health care or apparel & garments. No country in this world can match up to the kind of volume of consumption that the Americans have. And this consumption feeds demand and this demand sustains the world economy who produce the needed quantities of whatever it is they require. Of course, with emerging economies like China and India too turning the co ...more