India’s Sensex tumbles 11.5% in early minutes, trade halted
By V. Phani Kumar
Last update: 11:42 p.m. EST Jan. 21, 2008
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HONG KONG (MarketWatch) — India’s Sensitive Index tumbled 11.5% within the first two minutes of trading on Tuesday, forcing a trade halt for an hour. The index stumbled 2,029.05 points to 15,576.30, after slumping 7.4% in the previous session. “It doesn’t look good at all. We expected it to fall, but nobody expected this kind of correction,” said Sharmila Joshi, a trader with Prabhudas Lilladher in Mumbai.
Every Rupee, every Euro, every Yen, every Yuan, every Pound, every Won, Ringet, Piso and Dollar currently coming out of markets around the world, is going to go somewhere, soon.
There’s a lot of liquidity being created right now.
Historical levels, perhaps.
Get ready. :)