Euphoria...

The Sensex hit 10,000 yesterday. i know all the brokers in India are partying. Headlines in TOI: TENSEX!! Front page. i dont invest in the stock market. Neither do a lot of people who were happy about this. Yet the sense of euphoria was all over the country. "We are in the big league now!!" screamed over-excited TV reporters happy to break a 'big story'. Big league. Don't get me started on how many people die of starvation or how many women die before they are born. The joy on achieving another 'milestone' seems identical to the herd mentality that governs the sensex itself. If the bulls are happy the country (whatever part of it is in the news or sees it atleast) is happy. If the bears are happy, we've descended into economic stagnation. i've never understood the working of the stock market but as i understand it, a lot has to do with 'feeling good'. Doesn't matter if the company's doing well or not. As long as a few big players are convinced about it, that company's stock rises. Optimism must be at a new high now. Remind me to invest my two rupees in Reliance stock, one of the largest gainers over the past few weeks. By the way, just a few pages away was another headline, small enough to escape attention: 'Mukesh-Anil battle begins again.' The glass is half-full... the glass is half-full....