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Friday, October 24, 2008

October 24!!!(2008,1929)

Oh my gosh..!!!!!
Today is was october 24th and in some parts it is 24th..

October 24th was the day when markets started plunging in 1929, the day eerily called"Black Thursday". The record selling then in Dow jones was triggered by fears of another market crash which led to a record 13mn shares being traded.
Then again there were banks sitting together collecting money and trying to do things that are again trying being done now 'restore confidence', which seems to have no plans to settel quickly.

Today the sensex plunged 1078 points, that is second highest ever.
Things just seemed to get worse.
I'm quite happy that i just had nearly 5 lakh in the stock markets which has now become 1/3 of what i invested. But i just couldn't think how people investing their fortunes into sensex and indian stock markets would be today.
Just dunno how the 2 days coincided , the 24october 1929 and the 24th october 2008 ya fir... iska bhi koi kismat konnection hai...??!!

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