Finally dow and nasdaq also fell below 6 and 7% ! The much anticipated bubble looks like deflating to the realistic level. With 50% Global GDP is collectively emanate from emerging markets including China and India, the oman is very much on the horizon. Cooling off period is here to stay for a longer stint than as indicated by the finance minister. the worst is not over, with the crash we see at US and Europe market will reflect tomorrow at Asian market including India that in turn might further fuel crash in US and Europe. Interestingly no one seems to have any solution, other than telling us Indian fundamentals are better. Let us hope it is sound. smile emoticon or may be pray if one believes in God as commodity and currency are also crashing...

( but this 9 to 10 year global financial crisis is interesting 1997-98, 2007-2008, now 2015-16 ??)