What a pity!

I tuned in to CNBC TV18 this evening and what I saw was by far the most bizarre thing on TV. All news channels are having a gala time covering all the buzz related to markets. It being Diwali day and markets being open for just an hour and a half, one may think, "oh! so now how are these news channels gonna cater to their religious viewers"...I mean with nothing much happening in the markets, what are these folks gonna show their viewers after all! Tough question with an extremely simple answer...these jerks manage to get astrologers on their shows to actually tell us how "shani" n "mangal" are gonna affect our markets and when the good times would be back for all of us (investors and the ilk). Incredibly insane na!! Imagine a Bejan Daruwala telling you that April 2009 onwards markets would take a U-turn from their bearish behaviour at present...now give me one reason why I should believe him....he says that 2 of his predictions have come true; so does that give his predictions enough credibility? Yeah right!!

And hats off to these news channels for generating content in the absence of real content! They sure know how to keep the business going!

What's the world comin to???!!

One look at the newspaper nowadays and that's precisely what you would say...with each passing day, turmoil is being redefined! It all began with the famous (read infamous) sub-prime crisis in the US and almost all countries are feeling the heat now. Talk about disaster begetting disaster.

Every morning you get to read about layoffs/market crash/bailouts...basically all versions of what we call disaster. Take today's TOI for example:-

>Yahoo to fire 1500 employees
>More banks in Europe may fail: IMF
>Google to go slow on hiring: CEO

and the list could be endless...

Having said that, I feel that it's pretty interesting to see how all of these things are inter-related...I mean one thing leading to another...but that apart it's a terrible phase...now I do not wish to harp on the fact anymore but just realized that reading an otherwise boring Bombay Times today is more refreshing than grabbing a copy of the TOI! Watsay!! ;)