Again Jove in the Sixth strikes. The Sensex loses 875 to 16.7 K !
This is terrific. It seems only the floor can stop the Sensex.
How correct is the Dow Jones Theory ! . The bubble seems to have burst
"Higher levels cannot be sustained ", said Dow Jones. Imagine Mukesh Ambani losing 32000 crores of market cap in one day.
Peter Lynch said " The bluest of all blue chips, supposedly the safest of all propositions, can be risky". This is the lesson we have to learn !
We had warned in our website, www.eastrovedica.com and in our blog http://stockmarketastrology.blogspot.com
about the impending disaster initiated by 6th Jupiter. We had warned our readers to switch over to real estate. The ideal investor buys at low levels and sell off at very high levels,say, at 21000 !
166 Billion of Market Cap washed away !
While Reliance Power IPO collected close to 200 billion dollars, next day the market wiped out 166 billion market cap.
Mukesh Ambani became poorer by 32,000 crores and his brother by 14000 crores. Sunil Mittal of Bharti lost 6000 crores !
We had warned in our blogs, sites and lenses about the adverse nature of Jupiter's Sixth transit. We had advocated the investors to switch over to Real Estate, as we felt that the market was overheated. We had, from our 20 year's experience, known that Bull market ends in big tears !
This was the biggest fall ever for the Sensex, well over 1400 points. The PM and the FM point out that Indian economy is fundamentally strong and that the market fell on fears of recession in US market !
But who can know how Fate through the planets operates !
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