No respite for the ailing market..

Its often said, if bad thing started.. it will not be ended easily. This is something what is happening with the global markets worldwide. Even though every govt. are taking sufficient measures, from declaring multi billion dollar packages, by opening special lending windows for banks, by reducing cash reserve ratio and statutory liquidity ratio, in order to increase liquidity in the market, and relieve global economy from global recession cover.

But somehow it seems that these measures are short lived, and when the markets tries to recover, the next big fraud or disaster comes into picture which subdued the effects of financial relieve packages.

Latest fraud which added fuel to fire is the 50bn$ fraud carried out by Bernie Madoff, a 78 year old Wall Street Veteran.

It now seems that market respite will surely a distant dream.

Thanks&Regards,
Mohit