News Sensex crashes over 1,700 points; investors lose over ₹7 lakh cr.

Discussion in 'News & happenings' started by BANHAMMER, Aug 24, 2015.

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  1. BANHAMMER

    BANHAMMER Teh Almighty BanHammer Staff Member

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    Source: Sensex crashes over 1,200 points; investors lose over Rs 3 lakh crore - The Hindu
  2. JD666

    JD666 RAID Leader Staff Member

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    This was long in the coming. A friend had predicted this, but then with the market you can never be too sure.

    Good time to buy though. I'm starting a fund. Anyone interested?
  3. MOZ

    MOZ RAID Leader Staff Member

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    The world is headed for an economic slump
  4. JD666

    JD666 RAID Leader Staff Member

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    That it is. The funny thing is, ever since I've started understanding all these stock market bits, it seems like the world never got out of one.

    First it was the 70s oil crisis, then the 80s revival, then the 90s ME issues and the stabilization of the world economy. Then the dot com bubble happened in 99-2000, and then the economic crash in 04-05, and then the slump in 08, and the mild revival.

    And in 30 years, the Stock market has made 1cr out of 1Lakh invested in it, in the 80s.

    You know I always used to wonder, where does the money go when the market crashes. Figured out yesterday where it went :D

    Never to old to learn new things.
  5. BANHAMMER

    BANHAMMER Teh Almighty BanHammer Staff Member

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    This is market correction, not a crash. US economy and most EU economies are unfazed.
  6. JD666

    JD666 RAID Leader Staff Member

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    Yep. I made over 20,000 INR in shares over 3 days. And I can tell you how.
  7. BANHAMMER

    BANHAMMER Teh Almighty BanHammer Staff Member

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    wait, is that real you or one of those advertisement bots?
  8. JD666

    JD666 RAID Leader Staff Member

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    Real. I can send you the details over PM if you want.
  9. MOZ

    MOZ RAID Leader Staff Member

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    Wolf of Arab Street.
  10. JD666

    JD666 RAID Leader Staff Member

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    Lol. nah, just picked a few companies that were right in their operations and not speculation. Worked fine. Though something might go down around first week of October.

    If it happens, remember you read it here first :)
: sensex, economy, india

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