the indian elections and the sensex

so apparently the world witnessed a long and boring indian election cycle where u had a country of a billion people vote over a month's time. now i cant hold onto a single train of thought over a day, how do u expect a country to vote sensibly over a month? yes there r logistical issues ( which i guess china doesnt have to worry about since they dont vote up there) and the elections were free and fair according to the election commission which is an independent body that runs the show in india. the results however were out in one day which again is a huge progress for india which used to take a week before anyone knew who won. they use electronic voting machines which are hardware based, which is obv a much better solution that the one used over here, which is software based and obv thus more prone to getting rigged.

so the congress won big, manmohan singh is back in the office and every two bit punter of a politician is back to a village where he belongs. somehow i didnt get how the mandate could be so clear though, considering the fact that we had the mumbai attacks and stuff. maybe people really had had enuf of the sideshows that made a lot of noise that they voted for the quietest guy on the block....

so the monday after the results, u had the bombay stock exchange jump almost 2000 points with every idiot with a rupee throwing it in the market. ive actually kinda had it with the markets, its like a bunch of kids throwing stones in a well, the minute u see 10 kids throw, u throw as well, not knowing what ure getting into. its like all these people sitting on these huge pile of cash that they dont know what to do with it, some people might think its strategy, but i just get a feeling wall street isnt too amused with whats happening out in bombay.

-Shiva