Reality Bites in Market

I'm quite proud of my memory power.There is reason also for doing that, I never forget anything in my life neither today nor afterwards.

I'm have a really good habit of knowing everything its sort of gathering information about all the aspects of life whether good or bad.I don't drink or smoke but I try to know about kind of good wines,drinks and really if anybody ask me any question and I can't answer that then the next day I try to make sure that I know everything about that thing then only I'm satisfied.

These days my passion is technology and business news basically what is moving in that market and what are the upcoming hot technologies.Well these days the latest one is touchscreen devices, processors battle between AMD and INTEL and recession skyrocketing to a new height.

There is a saying "Prevention is better than cure" well it is true, but you see there is always cure if you haven't taken the precautions.Sometimes this doesn't apply there is no cure, reality always bites.So that's the case with this market.

Companies which haven't taken the precautions earlier are just sinking, they are simply getting busted.You see financial behemoth like Lehman Brothers which has established Wall Steet has collapsed, banking major CitiBank whose punch line is 'Citi that never sleeps' was on its way to eternal sleep so that coming generation can just hear the stories of World's biggest bank touching ground zero.When small banks as compare to Citibank like SBI(State Bank of India),ICICI,HDFC etc can survive then what was the problem with this goliath.The problem with all these freaky companies was "BAD PLANNING".

See if u r going to board a plane and your friend also wants to come with you then first you will have your tickets reserved then you will care about the friends ticket.But what these companies have done that they started shouting we have a open market and free trade policies so we will spend all our bucks but we will not have anything for us in reserve.As they were working on bank's credit and you can imagine that around 4 trillion$ trade was going on with only 800 to 900 billion$ in market.So at some point of time the bubble has to burst, the bubble become huge enough in the end of 2007and then itt bursted somewhere in end of 2007 but the effect on world market came fully during mid of 2008.

India is still insulated as Indian bank and companies are not that much open to world market and also they follow the policy of keeping the money in reserve for them so that at the time of crisis they can use it to save themselves.But it will not help them for longer duration as companies like Infosys,Wipro,TCS,Satyam,HCL,CTS are service oriented companies so they will always knock on the doors of their foreign masters that please give us some projects so that we can earn some money,feed our employees and save our image also but listen all the Murthis and Premjis that it will not happen as Mr. Terrorist is also knocking our doors so you have to spend more for security otherwise the big Software campuses will be tasting ground.

So be innovative and try to develop your own products like the maverick company Apple whose shares are still as compared to percentage fall in other software companies shares is still trading fine.

That's all for the day.