Monday, June 14, 2021
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Stock markets over enthusiasm could be short-lived!

The stock markets are over enthused over good monsoon forecast which is just a prediction and it may be true or may go haywire going by past records which seldom have been correct. The globe today is facing environmental issues which has even put Earth on ‘quake mode’ going by high-intensity earthquakes rattling different parts of the earth at shocking regularity and the latest being the Ecuador one which has killed over 480 people at last count.

Drought, famines, floods, earthquakes, tsunamis, extreme weather conditions in the last few decades are due to our selfish approach where trees, forests, weeds have been recklessly cut in the name of infrastructure and luxury. We are penny wise and pound foolish as we are heading towards a catastrophic condition and the consequences of which would be faced by the future generation in the times to come. We need a ‘Green Revolution’ all across the globe and more and more trees needs to be planted in the coming days to save earth. Most cities the world over have become ‘concrete jungles’ and we need to check this imbalance in environment by making all out efforts which should be the responsibility of all. ‘Save Earth’ should not just be a motto but it should be put in practice by good deeds which may be as simple as planting a sapling.

Coming to the stock markets, investors need to be careful and wait for good monsoons to buy stocks even at slightly high prices than buying now in the hope of good rains and repenting later!

S.N. Kabra

(The views expressed by the author in the article are his/her own.)

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