Stock markets crash

Well, I still feel that the Sensex is higher than what it approximately should be. Though Sensex is not a true indicator of the markets (it might be, lets say, a rough indicator of the mood of the stock market).

 

http://www.rediff.com/money/2007/oct/17spec1.htm

 

Sensex falls by over 1700 points in a single trading session.

 

I suppose the markets were driven by speculation and hype. And it provided a false sense of comfort maybe. Nothing really on the ground indicates much change. True, India is growing, investments are pouring in, businesses are thriving, but infrastructure and law and order continue to pose serious problems for growth. Its not before long we would reach a plateau, unless these things are handled.