Sensex & Nifty down 12%, again!

The major Indian market indices - BSE Sensex 30 & CNX Nifty 50 - dropped over 12% again earlier today. They are now down over 25% from the all-time highs set just two weeks ago! Not good. Gold is holding up very well at ~ Rs 11,000 per 10 gms. As is cash. :)

Should be fun to see what happens to the US markets today, given that they were closed on Monday, and that the Dow futures are down over 5%.

If you look at the carnage world-wide but feel like a contrarian, then the Vanguard Total International Stock Index Fund (VGTSX) is a good option.

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