Maybe ET should ask Credit Lyonnais why the markets are tumbling despite Modi

Maybe RBI govRajan should give another pep talk to the market. He he he he!

Share market tumbles despite Modi in the PM race.

Markets are falling because big banks have reduced access to free money (tapering of money printing and market socialism).

And, Credit Lyonnais is a stupid French company that lost billions because of bad bets and loans. It would have collapsed if it were not bailed out by French government.

CLSA analyst attributes Sensex rise to Modi candidature

FIIs will give all kinds of excuses when they issue buys. They are the first ones to issue sell orders when their home markets slide. FIIs suffer from a herd mentality. If one sells, all of them join the stampede.