Development has its limitations in resources. While physical resources are restricted, psychological resources are not. While this might not be real for some individuals, it is true for humanity in its entirety.
Emerging markets posted their fourth month-to-month loss in a row (six out of eight for 2008) declining 7.09% in August. The three-month toll is now-19.40%, with the 12-month period now publishing a -7.27% decline. Just the Philippines (1.68%) and thailand (0.90%) managed to produce positive gains in August. Pakistan decreased 20.57%) as political discontent continued, while Russia declined 15.23%). Established equity markets (-1.56%) did not fare better in August as just the United States (1.54%) and the Netherlands (0.85%) difference between dual listing and secondar listing produced favorable returns throughout the month.
In case of India, the 30-share benchmark Sensex of the Bombay Stock Exchange (BSE) and the wider 50-shares S&P CNX Nifty of the National Stock Market (NSE) have actually stayed most unpredictable in August along with in September. Both the Sensex and the Nifty saw volatility of 11.26% and 10.66% in the month of August, which almost doubled to 20.21% and 19.96% respectively in September.
Considering
