"The Engineer who sold his Alto"

"Excellent (caption / idea) mama go ahead and do it"- Sammi my niece commented when I told her about selling of my car. I do not know what attracted her - selling of my car or the caption. In any case I have not sold my car thanks to the stocks crashing and the economic turbulence. Now I do not know when can I sell it and purchase a new car. It is not about changing a car am perplexed but how fast any country's economy can change within days am wondering.

Few days back I was discussing about the cascading effect and the tumbling of world economy as if I know every thing not only the Indian but the world economy as well. Now am thoroughly confused about a theory a day including the "ripple effect". But I enjoyed by a sms joke saying that "Do not get panic. You have nothing to loose (Whatever you can loose - you have already lost)". Wow - what a beautiful way of summarising the present economic situation.

I was told that Indian economy was strong. We have not spent the future incomes unlike the developed countries. OK agreed but where is the future income? I have seen enough abusive messages on net for fall in the markets and economic conditions each one blaming remaining all people. Based on this somebody coined a new phrase "money can neither be created nor destroyed". Well I contradict that. Money can be created and destroyed as well like the great Indian rope trick this is the Great Indian Money trick.

In January 2008 when a mega IPO came to issue - people who are not having a demat account are jokers. In 2008 October people who are not having a demat account are wise. Mera Bharat Mahan. When they are telling so much on the TV about the stocks and I was thoroughly listening - my daughter asked me "Dad how much you lost?" I gave a diplomatic reply "well beta, it is difficult to say right now. It is all going to depend on what corrective actions am going to take on this immediately." Phew - the corrective action back fired and I lost again. So who said money can't be destroyed. Who is the fool who thinks it is wise to square up the stocks.

Well there are positive aspects of this market crashes also. On the starting of the week fresh in the morning as usually I start worrying about my problems in the workshop. All of sudden Ram Prasad gives me a call and announces that the market has lost around 1000 points. Well all other bigger problems are vanished in front of this. So for how many things one has to worry. So it makes life simpler. Keep telling yourself - " Do not get panic. You are not going to loose". I kept Geetha Saramsam in my work area. ”Why are you worrying? What you think yours now - originally belongs to somebody else yesterday - goes to somebody else tomorrow. …” How come Lord Krishna knew about Indian stocks that time itself?

No doubt our economy is strong because so many people can't afford a demat account because they do not have a PAN card. So where is the question of they loosing money (well of course gaining as well). There are no credit or debit cards for a majority portion so there wont arise a question of spending future money on EMIs. So for them the ripple and cascading effects do not matter much. There is no need to look into 24 hours analysis channels who are discussing at the top of their pitches with phrases like Mayhem in markets, another black Friday and blood bath in Dalal street etc.

So if any body not having a Demat account rush now and get one. You won't get a chance in near future to buy the stocks in numbers. Why so? May be my theory today is that they may offer on Kgs after weighing them. God bless India and me. Teja - how much you gained with your investments in the stocks and with this intelligent guys back up. Of late have you seen your portfolio? It melted and only 25% left. Poor sis. She do not know and is thinking that her brother and son are going to double her money in six months. OK we want it to be doubled and it tripled only the other way around.