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Post by nikki on Jun 11, 2006 10:29:29 GMT 5.5
I think we need to improve the standards of reporting the stock market action in tune with the western standards as a business channel which takes pride in it's own popularity and professed commitment towards investor interest and awareness should not have indulged in celebrating a partcular transient phase of the market which has turned out to be a total disaster for many a gullible uneducated traders and short time investors in the present carnage.Moreover,these channels will be well advised to be careful about choosing their experts who afterall may have a personal stake in the market and their views maynot be credible.Now some such experts who are hither to quite amazed at the compelling valuations of some stocks are mincing their words and running for shelter leading many an investor astray onto the ring of disaster and death. At the same time ,during this unfolding carnage, another channel is much more sedate in it's observations and almost derided the unsustainable bull rage at every possible stage which helped many an investor saved from this mayhem.In this connection, I request SEBI ,the National watchdog institution, to also look into these distortions in reporting and take corrective action which will help the cause of financial sector reforms(these are my personal views and maynot necessarily be true and only made in the interest of the investing public.)
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