Tuesday, Jan 22, 2008
1 lakh crore is 10^12 (1 trillion)
Times of India: Investors lose Rs 6.6 lakh crore
MUMBAI: On Monday, headline writers were left desperately searching for a word that would capture the mind-moggling fall of the sensex...Plunge, plummet, free fall...Everything that had worked earlier now seemed so tame. Even bloodbath, carnage or mayhem wasn’t bloody enough.
Till Monday, the steepest fall in the history of the sensex had been 826 points. A fall of over 2,000 points in
the space of five hours was like the forces of gravity going into devilish overdrive. There was some rearguard action in the closing minutes of trading, but the full day’s loss was still a record-battering 1,408 points.
Posted by lvmreader @ 02:59 AM (316 views) Add Comment
1 Comment
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1. inbreda said...
Should re-awaken an appetite for gold. As was mentioned on this site within the last week. Wonder how low gold will go before it's time to jump in.