Financial Tsunami Reloaded...

As investor sentiments continue to dip to new lows, and doomsday predictions pour in , it might help to pause a bit and listen to a little voice from the Dot-com bust era ...It is eerily similar to what we hear on the street & TV these days... http://articles.latimes.com/2002/jul/01/business/fi-stocks1

As always, it is the collective greed of the masses which bring about the eventual downfall. Many economists and analysts have been talking about the impending liquidity crisis, but their voices were hardly audible when the average returns from equity markets were between 30% to 50% ...But , once again everyone's more concerned about "return OF capital than return ON capital".But like every other crisis, this one also leaves us with some important lessons.And yet again we are left with the embarassing realization that the human instincts of fear , greed & pride ALWAYS tend to get the better of even the most rational minds.