The Crash of January ‘08

The headlines screamed “Melt down”. Was it really a melt down in India? The market came down from incredible bubble valuations to reasonable valuations. Is this a crash? It seems the media is a spokesperson for idle gamblers who view the markets as a perpetual money-printing machine. To call Monday “Black Monday” and Tuesday “Terrible Tuesday” is irresponsible journalism. And if ignorant adults called “small investors” lost, why should the rational world shed any tears? They were blinded by greed and made incredibly irresponsible punts in the first place.