It must be a shock to the B school wards i guess.. Lehmann brothers one of the prized recruiters of the top B schools in India ( read the IIM's ) has err.. u knw what.. crashed (read filed bankruptcy ) and what not?? The next company to follow suit was Merill Lynch and then it was AIG.. The funny part of it was the panic with which the indian counter parts of AIG behaved :-O they started to remove their savings in TATA AIG only to make TATA give out press statements and ads to bring back its lost clientile..
The best part of the whole scenario is the IT sector.. the Great IT boom , which started some 5 years back has taken a deep plunge and has been rechristened (by me ofcourse ;-) ) as the Great IT doom ..
As am talking the markets are taking a plunge too.. the BSE( Bombay stock exchange ) has dropped to as low as 10700 points and so are the Asian markets.. Only God knows when all this will be stablised and the economy will overcome all these hiccups and Roar :-)
The future is truly bleak and i would like to end this post with a nice qoute i found somewhere..
" we buy futures , sell futures when there is no future " :-
Thursday, October 9, 2008
Subscribe to:
Comments (Atom)
