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GalaTime
A blog about Indian Capital Markets, by Kaushik Gala |
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Barrons: Does Extreme Stress Signal an Economic Snapback?
![[cut]](http://s.wsj.net/public/resources/images/BA-AO007_market_NS_20081121222238.gif)
I wrote a related post for the Indian stock market capitalization to GDP ratio back in November 2007: BRICs: Market cap to GDP. The ratio is closer to 0.55 (55%) now. When the Nifty dropped to 2250 late last month, the ratio hit 45%, almost the same as that during the 2002 low.
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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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