1. Indian stock market is in grip of bears for past 13 months and same can be attributed to the level of uncertainity caused in the global markets due to the subprime crisis which is getting worse with each passing day.

2. One is not able to comprehend the amount of effect which is likely to occur on our corporate earnings due to this subprime crisis and it is this uncertainity which is causing turmoil in our stock market.

3. Point here to note is that US consumers are not spending and US economy is driven by their spending which means that we may have to wait for an uptrend till the time we get to hear that the things have improved in US front.




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